Astral slides over 2% after building materials firm's Q3 results fail to meet Street expectations
The pipemaker's consolidated profit after tax (PAT) was up by 19.3 per cent to Rs 113.30 crore from Rs 95 crore Year-on-Year (YoY), but it was way below than research estimates of Rs 143 crore.
)
Astral Share Price: Astral shares started the trading session on Wednesday on a sedate note after the building materials and equipment company reported below-Zee Business research estimate December quarter results.
The stock of the company was trading down by 2.49 per cent, or Rs 46.60, at Rs 1826.70 at 10:55 am on Wednesday.
The pipemaker's consolidated profit after tax (PAT) was up by 19.3 per cent to Rs 113.30 crore from Rs 95 crore Year-on-Year (YoY), but it was way below than research estimates of Rs 143 crore.
The consolidated revenue from operations jumped by 8.1 per cent to Rs 1370.2 crore from Rs 1267.8 crore YoY, slightly lower than analysts' estimates of 1374.9 crore.
Astral's EBITDA rose by 10.3 per cent to Rs 205.1 crore from Rs 186 crore YoY against research estimates of Rs 229.9 crore.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
