Astral share price declines 7.5% as firm logs loss in all key metrics for June quarter

The PVC pipes and plastic products maker posted a 32.5% year-on-year (YoY) decline in its consolidated net profit at ₹81 crore in the quarter ended June 2025 (Q1 FY26). In the corresponding period last year, the firm had clocked a profit of ₹120 crore.

Its revenue from operations stood at ₹1,361 crore, slipping 2% YoY in Q1 FY26, compared to ₹1,384 crore in the first quarter of the 2024-25 fiscal year (Q1 FY25).

On the operational level, Astral Limited’ earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at ₹185 crore in contrast to ₹214 crore in the same quarter of the previous fiscal year, marking a decline of 13.5%.

The EBITDA margin also contracted to 13.5% in Q1 FY26 as against 15% YoY.

Ahmedabad-based firm’s cash profit also almost 14% on a yearly basis at ₹151 crore as compared to ₹175 crore in Q1 FY25.

In the reporting quarter polymer prices were volatile. The average PVC prices dropped almost 14% on a YoY basis in Q1, while sequentially they were down by 4-5%, which resulted in inventory losses and affected realisation, Astral said in a statement.

“But from the beginning of Q2, PVC prices are settling down, which will help in achieving good realisation and improvement in demand, which we can see in the month of July,” it further added.

In Q1 FY26, the bathware division logged sales of ₹33.3 crore as compared to last year's Q1 of ₹26 crore, which resulted in growth of 27.4% on a YoY basis.

The company’s adhesive business and paint business in India had grown 9.2% and 20.7%, respectively. Its plumbing production capacity increased to 387,501 mt from 381,957 mt.

“From July onwards, due to the stability of polymer/chemicals, the market conditions are improving. We are happy to share that our piping division has achieved a growth of 30% in volume in the month of July 2025 on a YoY basis. Even the Adhesive division of India has delivered similar growth of 30% plus in value terms on a YoY basis,” Astral said.

During the quarter, Astral has entered into an agreement with Nexelon Chem Private Limited where Astral will acquire 80% of the equity of that company at a par value of ₹80,000. The tentative cost of the project will be ₹150 crore to manufacture 40,000 MT of CPVC resin, and Astral has committed to invest approximately ₹120 crore (80%), it said.

The transaction will be completed in the next 60 days’ time, and the investment will be done in a phased manner over the next 12 months’ time. Astral plans to start its commercial production by Q2 FY27.

Following the earnings, shares of Astral slipped to an intraday low of ₹1,278 apiece on NSE. Last seen, it was trading at ₹1,282.10 apiece, slumping 7.20%.

Over the last five trading days, shares of the company have lost over 10%. For a month’s period, it has declined 14%.

Since February 12, 2025, which is six months, the stock has declined over 8%. Year-to-date, it has tanked 22.5%.

The company’s market capitalisation stands at ₹34,452.40 crore.

Shares of the firm had touched their one-year high of ₹2,037.95 apiece on September 25, 2024, while their 52-week low of ₹1,232.30 was hit on March 13, 2025.