Q3 2025 Astral Ltd Earnings Call Transcript
Key Points
- Astral Ltd (BOM:532830) achieved a 9.3% growth in EBITDA year-over-year despite challenging market conditions.
- The company received UL certification for its FirePro Fitting, making it the first in India to achieve this for fire sprinkler products, which will aid in project and export business.
- Astral Ltd (BOM:532830) launched the PTMT range and started full-scale production at the Ghiloth plant, enhancing its market reach in Northern and Eastern regions.
- The Dahej plant, a state-of-the-art facility, is fully operational, contributing to improved margins and operational efficiency in the Adhesives segment.
- Astral Ltd (BOM:532830) is expanding its international presence with a new marketing office in Dubai, targeting export markets in the UAE, Gulf, and Africa.
- The building material industry faced demand challenges due to government infrastructure spending and liquidity issues, impacting Astral Ltd (BOM:532830)'s growth.
- The delay in the implementation of antidumping duty on PVC affected industry volume growth.
- Overseas Adhesives operations experienced a slowdown, with a 5% decline in sales, although maintaining a positive EBITDA.
- The Paints segment reported lower margins due to increased marketing and launch costs, with expectations of improvement only in the next fiscal year.
- Channel inventory levels remain subpar due to market volatility and uncertainty around polymer prices and antidumping duties.
Ladies and gentlemen, good day, and welcome to the Q3 FY25 earnings conference call of Astral, hosted by Investec Capital Services India Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Ritesh Shah, the Analyst, Materials and Head, Mid-Market Coverage and ESG from Investec India. Thank you, and over to you, sir.
Thank you, Albert. Thank you all for joining the conference call. We have with us senior management of Astral Limited. We have with us Mr. Sandeep Engineer, Chairman and Managing Director; Mr. Kairav Engineer, Executive Director; and Mr. Hiranand Savlani, Executive Director and CFO.
I'll hand over the call to Sandeep bhai for the initial remarks, post which we'll have a Q&A. Over to you, Sandeep bhai. Thank you so much.
Thanks, everyone, for joining the earnings call for Q3. As you are very well aware,
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