Dolat Capital: Astral Poly Technik Q2 Review - Demand Picked Up Pace As End Markets Opened Up, Margins Showed Growth 
A contractor makes a measurement while installing PVC pipe inside a home under construction. (Photographer: Daniel Acker/Bloomberg)

Dolat Capital: Astral Poly Technik Q2 Review - Demand Picked Up Pace As End Markets Opened Up, Margins Showed Growth 

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Astral Poly Technik Ltd. Q2 FY21 numbers were above our estimates on revenue front and profitability front.

Volume growth of 2.2% YoY and 62.4% QoQ in pipe segment as end markets opened up and company had inventory ready and robust distribution network.

Pipes business showed a positive growth YoY from September 2020.

Adhesive segment showed a positive growth from July, after a subdued previous quarter.

Margins on a full year showed growth as structural changes of eliminating stockists was undertaken.

Click on the attachment to read the full report:

Dolat Capital Astral Poly Technik Q2FY21 Result Update.pdf

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