Astral Limited delivers Consolidated top line and PAT growth of 38% and 20% respectively for F.Y. 2021-22

Ahmedabad, Gujarat – May 27, 2022: Astral Limited, pioneer in manufacturing of CPVC pipes & fittings announced the financial results for the Quarter and year ended on March 31, 2022.

Overview of Consolidated Results:

(Rs. In Million)

Particulars	Q4 2021-22	Q3 2021-22	Q-O-Q % Change	2021-22	2020-21	Y-O-Y % Change
Revenue from operations	13,906	11,027	26.11%	43,940	31,763	38.34%
EBDITA	2,313	2,038	13.49%	7,883	6,626	18.97%
EBDITA (% of sales)	16.63%	18.48%		17.94%	20.86%
PBT	1,933	1,697	13.91%	6,485	5,330	21.67%
PBT (% of sales)	13.90%	15.39%		14.76%	16.78%
PAT (Before OCI)	1,441	1,279	12.67%	4,904	4,082	20.14%
PAT (% of sales)	10.36%	11.60%		11.16%	12.85%
Cash Profit	1,769	1,600	10.56%	6,173	5,247	17.65%
Cash Profit (% of sales)	12.72%	14.51%		14.05%	16.52%
Basic / Diluted EPS (In Rs.)	7.04	6.34	11.04%	24.08	20.13	19.62%

 

Overview of Pipe and Adhesive Business Results:

Pipe Business (Astral Standalone):

  (Rs. In Million)

Particulars	Q4 2021-22	Q3 2021-22	Q-O-Q % Change	2021-22	2020-21	Y-O-Y % Change
Revenue from operations	11,094	8,605	28.93%	34,433	24,863	38.49%
EBDITA	2,002	1,741	14.99%	6,624	5,552	19.31%
EBDITA (in % to sales)	18.05%	20.23%		19.24%	22.33%
PBT	1,669	1,471	13.46%	5,466	4,391	24.48%
PBT (in % to sales)	15.04%	17.09%		15.87%	17.66%
PAT (Before OCI)	1,207	1,105	9.23%	4,048	3,269	23.83%
PAT (in % to sales)	10.88%	12.84%		11.76%	13.15%
Cash Profit	1,480	1,370	8.03%	5,098	4,231	20.49%
Cash Profit (in % to sales)	13.34%	15.92%		14.81%	17.02%
Basic / Diluted EPS (In Rs.)	6.01	5.50	9.27%	20.15	16.27	23.85%
Installed Capacity (In M.T.)	274,822	263,342		274,822	257,946
Sales (In M.T.)	47,211	35,260	33.89%	149,569	136,593	9.50%

Adhesive Business (Resinova + Seal IT):

(Rs. In Million)

Particulars	Q4 2021-22	Q3 2021-22	Q-O-Q % Change	2021-22	2020-21	Y-O-Y % Change
Revenue from operations	3,004	2,565	17.1%	10,091	7,345	37.4%
EBDITA	330	301	9.6%	1,287	1,137	13.2%
EBDITA (in % to sales)	11.0%	11.7%		12.8%	15.5%

Notes:

1.       The company has started commercial production at its Bhubaneswar (Cuttack) plant.

2.       In April 2022, the company has entered into definitive agreement to acquire controlling 51% stake in operating business of Gem Paints Private Limited. ‘Gem’ paints has been manufacturing high performance industrial and decorative coatings in South India.

Financial Highlights of Gem Paints :

(Rs. In Million)

Particulars	2019-20	2020-21	2021-22 (Provisional)
Sales	1,829	2,010	2,146
Adj. EBDITA	287	362	320
Adj. EBDITA % to sales	15.69%	18.01%	14.91%

3.       The company is planning to launch faucets and sanitaryware range of products on June 10, 202=

4.       The management estimates that newly launched products and segments li