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.
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