Astral Q2 FY27 Revenue Up 26% as Profit Falls 5.6%

Astral Q2 FY27 consolidated revenue from operations rose 26.0% to Rs 1,988.3 crore, but profit after tax before OCI fell 5.6% to Rs 127.3 crore, according to a report published on 5 November 2026. The pipes and adhesives maker said margin pressure came from polymer-price movements.

Revenue was up from Rs 1,577.4 crore a year earlier, while PAT was down from Rs 134.8 crore.

How Did Astral’s Q2 FY27 Numbers Compare?

EBITDA was Rs 272.3 crore, up 1.5% from Rs 268.2 crore, and EBITDA margin fell to 13.7% from 17.0%. Profit before tax was Rs 181.4 crore, up 0.8%, and cash profit was Rs 206 crore, down 0.5%. Basic and diluted EPS was Rs 4.73, down 5.8% from Rs 5.02.

For H1 FY27, revenue was Rs 3,566.3 crore (up 21.4%), and EBITDA was Rs 516.3 crore (up 11.7%) at a 14.5% margin versus 15.7%.

What Drove Plumbing and Adhesives Results?

The plumbing business earned revenue of Rs 1,398.3 crore, up 25.0%, on volume of 72,934 metric tonnes, up 19.1%. Segment EBITDA was Rs 227.6 crore, up 6.9%, with margin falling to 16.3% from 19.0%.

Paints and adhesives revenue rose 28.6% to Rs 590 crore, but segment EBITDA fell 19.2% to Rs 44.7 crore, with margin at 7.6% against 12.1%. India adhesives sales rose 25.3% and overseas adhesives sales rose 30.1%. Paint sales rose 39.9% in Q2.

What Does This Mean for the Plastics Industry?

Management attributed the margin pressure to polymer-price movements and the timing of price pass-through, and expects the full PVC and CPVC price increases to show in Q3 FY27. The 40,000-metric-tonne Phase I CPVC resin plant is targeted for trials and commercial readiness in Q4 FY27, with full benefit from FY28.

Market Reaction and Industry Response

No share-price reaction or trade-body comment was found in the source report.

What Happens Next?

The Pex launch is planned for Q3 FY27. The board approved an interim dividend of Rs 1.50 per share (face value Re 1). Consolidated cash stood at Rs 459 crore on 30 September 2026. Astral Chemie Limited also acquired a 60% partnership interest in Differentiated & Sustainable Solutions LLP (DSS), under an agreement dated 11 June 2026, effective 1 April 2026.

Frequently Asked Questions

What was Astral’s Q2 FY27 revenue?

Consolidated revenue from operations was Rs 1,988.3 crore, up 26.0% year-on-year.

Why did Astral’s profit fall?

Management attributed margin pressure to polymer-price movements and the timing of price pass-through; PAT before OCI fell 5.6% to Rs 127.3 crore.

What dividend did Astral declare?

The board approved an interim dividend of Rs 1.50 per share on a face value of Re 1.

Source: Multibagg AI Research Desk, 5 November 2026.