Astral Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 11, 2021 at 05:14 am EST
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Astral Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 11,541 million compared to INR 7,471 million a year ago. Revenue was INR 11,621 million compared to INR 7,554 million a year ago. Net income was INR 1,412 million compared to INR 867 million a year ago. Basic earnings per share from continuing operations was INR 7.03 compared to INR 4.32 a year ago. Diluted earnings per share from continuing operations was INR 7.03 compared to INR 4.32 a year ago.
For the six months, sales was INR 18,542 million compared to INR 11,510 million a year ago. Revenue was INR 18,665 million compared to INR 11,632 million a year ago. Net income was INR 2,151 million compared to INR 1,066 million a year ago. Basic earnings per share from continuing operations was INR 10.71 compared to INR 5.31 a year ago. Diluted earnings per share from continuing operations was INR 10.71 compared to INR 5.31 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.