Astral Q4 profit slides 12%

(20 second reading) PVC pipes and plastic products maker Astral Ltd reported an 11.7% YoY slide in net profit at Rs.181.6 (Rs.206 crore) crore for the fourth quarter that ended March 31, 2024. The company’s revenue from operations increased 8% to Rs.1,625 crore against Rs.1,506.2 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA dipped 5.7% to Rs.291.4 crore in the fourth quarter of this fiscal over Rs.309 crore in the corresponding period in the previous fiscal.
The board has recommended a final dividend of Rs.2.25 per equity share of Rs.1 each.