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 pipe company. The Company is engaged in manufacturing plumbing and drainage systems in India. The Companyâs segments include Plumbing and Adhesives. The Plumbing segment includes pipes, water tank, faucets and sanitaryware. The Companyâs products include plumbing pipes & fittings, sewerage drainage pipes & fittings, agriculture pipes & fittings, water tanks, industrial pipes & fittings, cable protection, urban infrastructure, fire sprinklers pipes & fittings, ancillary products, solvent cement, insulation tube and specialty fittings. The plumbing pipes & Fittings products include Astral CPVC PRO, Astral Pex-a PRO, Astral Multi PRO, Astral Aquarius and Astral ECO PRO. The cable protection products include MultiRex, Wire Guard and TeleRex. Its pipes manufacturing units are: Santej, Gujarat; Dholka, Gujarat; Hosur, Tamil Nadu; Ghiloth, Rajasthan; Sangli, Maharashtra; Aurangabad, Maharashtra; Cuttack, Odisha, and Sitarganj, Uttarakhand.
ASTRAL LIMITED 
