Astral Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 19, 2023 at 06:42 am EDT
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Astral Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 13,630 million compared to INR 11,716 million a year ago. Revenue was INR 13,764 million compared to INR 11,825 million a year ago. Net income was INR 1,312 million compared to INR 691 million a year ago. Basic earnings per share was INR 4.88 compared to INR 2.57 a year ago. Diluted earnings per share was INR 4.88 compared to INR 2.57 a year ago.
For the six months, sales was INR 26,461 million compared to INR 23,845 million a year ago. Revenue was INR 26,716 million compared to INR 24,056 million a year ago. Net income was INR 2,510 million compared to INR 1,579 million a year ago. Basic earnings per share was INR 9.34 compared to INR 5.88 a year ago. Diluted earnings per share was INR 9.34 compared to INR 5.88 a year ago.
Astral Limited is an India-based company, which is engaged in the manufacturing of chlorinated polyvinyl chloride (CPVC) pipes and fittings. The Company's segments include Plumbing, and Paints and Adhesives. The Company operates across seven sectors, encompassing pipes and fittings; water tanks; adhesives, construction chemicals and sealants; infrastructure; faucets and sanitaryware; paints, and specialized valves. In the pipes and fittings sector, the Company offers plumbing systems, drainage system, cable protection system, agriculture system, solvent cements and specialized fittings. In the water tanks sector, it offers roto molding tanks, blow molding tanks and loft tanks. In the infrastructure sector, it offers drainage, cable protection and PT duct system. In the faucets and sanitaryware sector, it offers faucets, sanitaryware, cisterns, showers and bathroom accessories. The Company offers protective coatings, industrial coatings and decorative coatings in the paint sector.