Astral Limited has announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a consolidated revenue growth of 26% for Q2 FY27, reaching ₹19,883 million. Plumbing business revenue grew by 25.0% to ₹13,983 million, while Paints and Adhesives saw a 28.6% increase to ₹5,900 million. EBIDTA also saw a marginal increase of 1.5% to ₹2,723 million.
Astral Limited Announces Strong Q2 FY27 Financial Performance
Astral Limited, a leading manufacturer of CPVC pipes & fittings and adhesives, has declared its financial results for the quarter and half-year ended September 30, 2026. The company showcased robust growth, with consolidated revenue from operations rising by 26.0% to ₹19,883 million for the second quarter of FY27, compared to ₹15,774 million in the corresponding period of the previous year. For the half-year ended September 30, 2026, consolidated revenue grew by 21.4% to ₹35,663 million.
Segmental Performance Highlights
Plumbing Business
The plumbing business demonstrated significant momentum, with revenue from operations increasing by 25.0% to ₹13,983 million in Q2 FY27. Sales volume for the plumbing segment saw a healthy growth of 19.1%, reaching 72,934 M.T. for the quarter. For the half-year, plumbing revenue grew by 18.2% to ₹24,488 million, with sales volume increasing by 10.0% to 1,29,080 M.T. Segment EBIDTA for plumbing in Q2 FY27 was ₹2,276 million, up 6.9%.
Paints and Adhesives Business
The Paints and Adhesives segment also performed strongly, with revenue from operations surging by 28.6% to ₹5,900 million in Q2 FY27. The Adhesive India Business reported a growth of 25.3% in sales, while the international adhesive business grew by 30.1%. The Paint Business showed robust growth of 39.9% in sales for the quarter and 44% for the half-year. Segment EBIDTA for paints and adhesives in Q2 FY27 was ₹447 million.
Profitability and Key Financial Metrics
Consolidated EBIDTA for the quarter stood at ₹2,723 million, a marginal increase of 1.5% year-on-year. Profit Before Tax (PBT) saw an increase of 0.8% to ₹1,814 million. PAT (Before OCI) for the quarter was ₹1,273 million, a decrease of 5.6%. Cash Profit remained stable at ₹2,060 million. Basic/Diluted EPS for the quarter was reported at ₹4.73.
For the half-year ended September 30, 2026, consolidated EBIDTA was ₹5,163 million, up 11.7%. PBT grew by 18.8% to ₹3,442 million. PAT (Before OCI) increased by 15.7% to ₹2,475 million, and Cash Profit grew by 12.1% to ₹4,016 million. Basic/Diluted EPS for the half-year was ₹9.20.
Strategic Developments and Outlook
The company highlighted robust demand in the plastic pipe industry and expressed confidence in achieving double-digit volume growth for the full year 2026-27. Astral achieved the highest EBIDTA Margins in H1 FY27 of 17.4% within its guided range. The company also plans to launch a new Pex (Aluminum Pex) product in Q3 FY-27 and has seen significant growth in its Bathware business.
In the Paints and Adhesives segment, the company is focusing on market share gains despite pressures from raw material prices. Astral Chemie Limited’s acquisition of a 60% partnership interest in Differentiated & Sustainable Solutions LLP (DSS) is expected to expand its portfolio into specialty chemicals.
Consolidated cash, including cash equivalents and bank balances, stood at ₹4,590 million as of September 30, 2026. The Board of Directors has also approved an interim dividend of ₹1.50 per share.
Source: BSE
