Astral Limited, a leader in piping and infrastructure solutions, has reported its financial results for the quarter and half-year ended September 30, 2024. The Board of Directors, during its meeting held on November 7, approved the unaudited standalone and consolidated financial results for Q2 FY25.
Additionally, the board declared an interim dividend of ₹1.50 per share with a face value of ₹1 each for FY25. The record date for determining eligible shareholders is November 15, 2024, and the dividend will be paid within 30 days from the date of declaration.
Financial Highlights
- Revenue: The company reported revenue of ₹1,370 crore in Q2 FY25, marking a modest increase of 0.5% from ₹1,363 crore in Q2 FY24.
- Profit After Tax (PAT): PAT for the quarter was ₹110 crore, down 16.2% from ₹131.2 crore in the same period last year, reflecting a decline in profitability.
- EBITDA: EBITDA stood at ₹210.1 crore, a 4.5% decrease from ₹220.1 crore YoY, indicating pressures on operational efficiency.
- EBITDA Margin: The EBITDA margin narrowed to 15.3%, down by 82 basis points from 16.1% in Q2 FY24, reflecting a decrease in operational profitability.
