Astral Limited — Updates, 11-08-2025: Press Release

Astral reported Q1 FY26 financial results with revenue at Rs. 1,361.2 Cr and PAT at Rs. 79.2 Cr, impacted by weak polymer demand and price volatility. Strategically, the company is entering CPVC resin manufacturing via an 80% stake in Nexelon Chem, investing Rs. 120 Cr in the Rs. 150 Cr project, aiming for Q2 FY27 commercial production to control raw material costs. Astral also acquired Al-Aziz Plastics for Rs. 33.0 Cr, enhancing its fittings business. Plumbing capacity increased, and a strong market recovery was noted in July with piping volumes up 30%. Cash balance stands at Rs. 488.8 Cr.