Astral Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 30, 2024 at 05:31 am EST
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Astral Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 13,702 million compared to INR 12,678 million a year ago. Revenue was INR 13,766 million compared to INR 12,658 million a year ago. Net income was INR 1,135 million compared to INR 930 million a year ago. Basic earnings per share from continuing operations was INR 4.23 compared to INR 3.46 a year ago. Diluted earnings per share from continuing operations was INR 4.22 compared to INR 3.46 a year ago.
For the nine months, sales was INR 40,163 million compared to INR 36,523 million a year ago. Revenue was INR 40,482 million compared to INR 36,724 million a year ago. Net income was INR 3,645 million compared to INR 2,509 million a year ago. Basic earnings per share from continuing operations was INR 13.57 compared to INR 9.34 a year ago. Diluted earnings per share from continuing operations was INR 13.57 compared to INR 9.34 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.