Astral Limited — Q2 FY24
Astral delivered a strong Q2 FY24 with consolidated revenue growth of 16.3% YoY and EBITDA margin expansion to 17.1% (up 390 bps YoY), driven by 28% volume growth in the core pi...
bullish
high
✓ Verified against BSE filing
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q1 FY24
Adhesive volume growth 15-20% for FY24
Management expects adhesive business to grow 15-20% in volume terms for the full year, with EBITDA margin above 15%.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q1 FY24
Pipe EBITDA per kg of INR 35-40 for FY24
CFO guided that pipe EBITDA per kg should be in the range of INR 35-40 for the year, excluding inventory and bathware losses.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q1 FY24
Paint business to launch Astral Synergy brand from Q3
The demerged paint entity will operate under the Astral Synergy brand, with full operations expected from Q3 FY24.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1