IDBI Capital: Astral Poly Technik Delivers A Good Q2 Led By Strong Demand Revival
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IDBI Capital Report
Astral Poly Technik Ltd.’s Q2 FY21 result was ahead of our and consensus estimates on key parameters.
Strong demand in plumbing pipes led to healthy sales growth, while better product mix and prudent cost savings aided Ebitda margin.
Net sales improved by 10.1% YoY to Rs 7.4 billion, Ebitda was up by 20.7% YoY to Rs 1.4 billion.
The management guided that strong recovery in demand post a subdued Q1 FY21 led to higher sales volumes in piping industry.
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