Astral shares commenced the Wednesday trading session on a subdued note as the building materials and equipment company revealed Q3 results below Zee Business research estimates. The pipemaker’s consolidated profit after tax (PAT) showed a 19.3 percent YoY increase to Rs 113.30 crore from Rs 95 crore. However, it fell significantly short of research estimates, which anticipated a PAT of Rs 143 crore.
The consolidated revenue from operations witnessed an 8.1 percent YoY jump to Rs 1370.2 crore from Rs 1267.8 crore. While showing growth, it slightly lagged behind analysts’ estimates of Rs 1374.9 crore.
Astral’s EBITDA experienced a 10.3 percent YoY rise to Rs 205.1 crore from Rs 186 crore. Despite the increase, it fell short of research estimates of Rs 229.9 crore.
As of 1:34 pm, Astral shares continued the lackluster trend, trading 2.50 percent lower at ₹1,829.45. The market response reflects investors’ reaction to the earnings miss and suggests a cautious sentiment towards Astral in the current trading session.
