BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Axis Securities Report
Astral Ltd. reported Q3 FY22 revenue growth of 22.4% YoY which stood below our expectations. The overall pipe realisations of Rs 243/ kilo gram, grew by 29.4% YoY due to an increase in product prices.
However, the volume growth declined by 4% YoY as compared to the industry's double-digits volume de-growth of 11% YoY, primarily led by extended rains, the third wave of the Covid-19, and high fluctuation in poly vinyl chloride prices.
Consequently, this resulted in the destocking of inventory by the dealers. On a positive note, Astral is gaining continuous market share due to superior products and strong brand recall.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
