Astral shares crash nearly 10% after Q2 profit miss

ASTRAL Astral plunged nearly 10% on Friday after the company reported a 5.9% year-on-year decline in consolidated net profit to ₹127 crore for the July-September quarter of FY27. The stock closed 9.54% lower at ₹1,254 on the BSE, after hitting an intra-day low of ₹1,***** from operations rose a strong 26.1% to ₹1,988 crore. However, EBITDA grew only 1.6% to ₹261 crore, with the margin contracting sharply to 13.1% from 16.3% a year earlier, hurt by higher input costs and delayed ***** plumbing segment posted revenue of ₹1,398 crore, up 25%, while paints and adhesives revenue grew 28.6% to ₹590 crore. Segment-level profitability, however, remained under pressure, particularly in ***** board approved an interim dividend of ₹1.50 per share, with a record date of November 13.