Mid Cap Plastics Sector Co Announces 45% Jump In Net Profit, Rs 2.25/Share Dividend

Mid cap company operating in plastics sector, Astral Ltd on Monday declared 45.47% jump in its net profit to Rs 205.70 crore for the quarter ended March 31, 2023 as against Rs 141.40 crore declared in the corresponding quarter last year. The board of directors of the company declared dividend of Rs 2.25 per equity share for the year ended March 31, 2023. Shares of the company soared 228% in last 3-years. Check details below:

Astral Ltd Declares Dividend: According to the regulatory filing of the company, "Recommended final dividend of Rs. 2.25 per equity share of Re. 1/- each (face value) for the year ended 31st March, 2023 subject to approval of Members at ensuing Annual General Meeting."

Astral Ltd Stock Performance & Return: The last trading price of Astral Ltd is Rs 1594.70 per share with intraday gain of 1.38% on BSE. The stock's 52-week high price is Rs 1990.50 per share and 52-week low price is Rs 1188.00 per share, respectively. The company's market capitalisation is Rs 42,835.49 crore.

The shares of Astral Ltd jumped 11% in last 3-months, 23% in last 1-year, 27% in last 2-years, and 228% in last 3-years.

Astral Ltd Q4: The net sales of Astral Ltd for the quarter ended March 31, 2023 declared at Rs 1506.20 crore, up 8.31% as against Rs 1390.60 crore announced in the corresponding quarter of last year. The company's EBITDA declared at Rs 315.50 crore for the quarter ended March 31, 2023, up 35.29%. It was declared at Rs 233.20 crore in March 2022. EPS of Astral Ltd surged to Rs 7.66% in March 2023 as against Rs 7.04% declared in March 2022.

Astral Ltd About:Astral Limited manufactures plumbing and drainage systems. It offers plumbing pipes, fittings, insulation tubes, fire sprinklers, water tanks, cable protection, and drainage systems, among others.