Astral Q2 FY27 Results: Consolidated Net Profit ₹127 Crore on Total Income of ₹2,000 Crore
- Earnings
- Plumbing and adhesives
Reviewed byRachit TripathiBlacklitt Research
Astral Limited reported consolidated total income of ₹2,000 crore and net profit of ₹127 crore for the quarter ended 30 Sep 2026, according to a filing on 5 Nov 2026. Standalone total income was ₹1,790 crore and standalone net profit ₹153 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹2,000 crore, up 25.9% YoY and 25.7% QoQ
- Net profit: ₹127 crore, down 5.6% YoY and up 5.9% QoQ
- Exceptional item: ₹9.5 crore goodwill impairment of Seal It Services Inc, USA (₹95 million)
- Finance costs: ₹12 crore, down 23.7% YoY from ₹16 crore
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,790 crore, up 25.3% YoY and 29.3% QoQ
- Net profit and EPS: ₹153 crore net profit, up 1.7% YoY; basic EPS ₹5.68 against ₹5.58
- Interim dividend: ₹1.50 per share, record date 13 Nov 2026
- Profit before tax: ₹204 crore, up 2.0% YoY and 12.5% QoQ
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,000 | 1,589 | +25.9% | 1,591 | +25.7% | |
| Revenue from operations | 1,988 | 1,577 | +26.0% | 1,578 | +26.0% |
| Other income | 12 | 11 | +3.5% | 13 | -7.8% |
| 127 | 135 | -5.6% | 120 | +5.9% | |
| Profit before tax | 172 | 180 | -4.4% | 163 | +5.6% |
| Finance costs | 12 | 16 | -23.7% | 6 | +110.3% |
| Depreciation | 79 | 72 | +8.9% | 75 | +4.4% |
| Tax expense | 45 | 45 | -1.1% | 43 | +4.7% |
| Net profit margin | 6.36% | 8.48% | -2.12 pp | 7.56% | -1.19 pp |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit fell 5.6% year on year while total income rose 25.9%. Revenue from operations rose 26.0% to ₹1,988 crore, and profit before tax fell 4.4% to ₹172 crore.
The consolidated results carry an exceptional item of ₹9.5 crore (₹95 million as printed) for the quarter and the half year. It is an impairment of goodwill of Seal It Services Inc, USA. The company says the impairment takes into account past performance and changes in economic and market conditions. Before that item, profit before exceptional items was ₹181.4 crore, and profit before tax was ₹171.9 crore.
Also recorded is an impairment of ₹4.1 crore (₹41 million) on the same subsidiary's goodwill in the year ended 31 Mar 2026. A one time provision of ₹16.5 crore (₹165 million) for the New Labour Codes was shown under exceptional items for the year ended 31 Mar 2026.
Finance costs fell 23.7% to ₹12 crore from ₹16 crore a year earlier, and depreciation rose 8.9% to ₹79 crore. Tax expense of ₹44.6 crore was 25.9% of profit before tax of ₹171.9 crore.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,790 | 1,429 | +25.3% | 1,385 | +29.3% | |
| Revenue from operations | 1,772 | 1,416 | +25.1% | 1,368 | +29.6% |
| Other income | 18 | 13 | +40.8% | 17 | +5.4% |
| 153 | 150 | +1.7% | 136 | +12.3% | |
| Profit before tax | 204 | 200 | +2.0% | 182 | +12.5% |
| Depreciation | 61 | 56 | +8.8% | 58 | +4.5% |
| Tax expense | 52 | 50 | +3.0% | 46 | +13.1% |
| Net profit margin | 8.52% | 10.49% | -1.97 pp | 9.81% | -1.29 pp |
| EPS, basic (₹) | 5.68 | 5.58 | +1.8% | 5.05 | +12.5% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 25.3% year on year to ₹1,790 crore. Standalone net profit rose 1.7% to ₹153 crore, slower than total income. Revenue from operations rose 25.1% to ₹1,772 crore, while other income rose 40.8% to ₹18 crore.
Basic EPS was ₹5.68, against ₹5.58 a year earlier and ₹5.05 in the June quarter. Profit before tax was ₹204 crore, up 2.0% year on year and 12.5% on the June quarter, and tax expense was ₹52 crore, up 3.0%.
Astral Limited's main business segments are Plumbing and Paints and Adhesives, according to the segment note in the consolidated results.
Inference
The board approved an interim dividend of ₹1.50 per share of face value ₹1, with a record date of Friday, 13 Nov 2026. On 26.9 crore shares, based on paid-up equity capital of ₹269 million at ₹1 face value, ₹1.50 a share comes to about ₹40.35 crore.
Astral Chemie Limited, a wholly owned subsidiary, entered into definitive agreements dated 11 Jun 2026 to acquire a 60% partnership interest in Differentiated & Sustainable Solutions LLP. The upfront payment was ₹39.1 crore (₹391 millions), and the acquisition is accounted for on a provisional basis.
The statutory auditors, SRBC & CO LLP, reviewed the unaudited standalone results and said nothing came to their attention that causes them to believe the statement contains a material misstatement. What a reader would most want to know, whether further goodwill impairment is expected, is not stated in the filing.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.