Why Did Astral Shares Crash 13% Despite 26% Revenue Growth in Q2 FY27?
India, Nov. 6 -- The shares of this mid-cap company majorly engaged in manufacturing plumbing and drainage products which includes Pipes, water tanks, bathware, specialised valves, paints and many more were in focus after announcing Q2 FY27 result
With the market capitalization of Rs. 33,264 Crores, the shares of Astral Ltd reached an intraday low of Rs. 1,215.50 per share falling nearly 13 percent from its previous day close of Rs. 1,388 per share and is trading at a P/E of 56.2 whereas industry P/E stands at 20.5
Q2 FY27 Results
Astral Limited reported consolidated revenue from operations of Rs. 1,988.3 crore in Q2 FY27, registering a 26 percent YoY increase from Rs. 1,577.4 crore. EBITDA increased 1.5 percent to Rs. 272.3 crore, w...
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