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ASTRAL Diversified 20 Oct 2023

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
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Revenue ₹1,363 Cr +16.3%
EBITDA +17.1%
PAT ₹132 Cr
EBITDA Margin 17.1% +390bps
Duration
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

PVC price volatility in October

PVC prices dropped sharply by ₹11/kg in early October, leading to potential inventory losses and channel destocking in Q3.

medium · management_commentary
R

Slower-than-expected paint business recovery

Paint revenue declined 6% YoY despite sequential improvement; full recovery depends on successful SAP stabilization and team integration.

medium · data_observation
R

Capacity utilization constraints

With 28% volume growth, utilization is rising; management acknowledged 85% utilization is possible but may strain operations if demand surges further.

low · analyst_question