Near term margins may remain subdued for plastic pipe maker Astral


It underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

Topics


Astral Poly Technik | Q2 results | pipe companies


Ram Prasad Sahu 







Astral

Astral


The stock of country’s largest plastic pipe maker by market capitalisation, Astral shed 3.8 per cent in trade as brokerages cut their earnings estimates on the back of weak volumes and margin miss in the September quarter. Brokerages believe that the softening polyvinyl chloride (PVC) prices are expected to impact its margins in the December quarter as well.

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First Published: Tue, November 15 2022. 00: 07 IST