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IDBI Capital Report
Astral Poly Technik Ltd.'s Q3 FY21 results were ahead of our and consensus estimates on key parameters.
The company reported 15% volume growth, supported by pent-up demand and opening up of key cities post unlocking activities.
Further, pipes division reported 16% net sales realization growth aided by better product mix.
Net sales improved by 35.1% YoY to Rs 8.9 billion, Ebitda was up by 62.4% YoY to Rs 1.9 billion.
The company reported net profit of Rs 1.2 billion, a robust growth of 80.9% YoY.
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