Astral Limited reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results at their meeting held on May 18, 2026. The statutory auditors issued an unmodified audit opinion on both the standalone and consolidated financial results.
On a consolidated basis, Q4 net profit rose to ₹2,130 million from ₹1,781 million year-on-year, while revenue from operations grew 24.2% to ₹20,885 million compared to ₹16,814 million in the same period last year. For the full fiscal year, consolidated revenue from operations reached ₹65,686 million, reflecting a 12.6% increase over ₹58,324 million in the prior year, while consolidated net profit stood at ₹5,347 million, a 3.0% increase from ₹5,189 million.
Q4 Consolidated Financial Performance
Astral's quarterly consolidated performance reflected strong top-line and operating growth. Q4 consolidated EBITDA rose 28.8% to ₹4,002 million from ₹3,108 million, with EBITDA margin expanding to 19.2% from 18.5%. Profit before tax for Q4 stood at ₹3,027 million against ₹2,364 million in Q4 of the previous year, a 28.0% increase. Exceptional items of ₹61 million were recognised in Q4, comprising a ₹41 million goodwill impairment on Seal It Services Inc., USA, and a ₹20 million provision for expected credit loss on advances for a non-current investment. Q4 cash profit came in at ₹2,870 million compared to ₹2,429 million in the year-ago quarter.
| Metric |
Q4 FY26 |
Q4 FY25 |
Change (%) |
| Revenue from Operations (₹ Million) |
20,885 |
16,814 |
+24.2% |
| EBITDA (₹ Million) |
4,002 |
3,108 |
+28.8% |
| EBITDA Margin (%) |
19.2% |
18.5% |
— |
| Profit Before Tax (₹ Million) |
3,027 |
2,364 |
+28.0% |
| Net Profit / PAT Before OCI (₹ Million) |
2,130 |
1,781 |
+19.6% |
| Cash Profit (₹ Million) |
2,870 |
2,429 |
+18.2% |
| Basic & Diluted EPS (₹) |
7.93 |
6.67 |
+18.9% |
Full Year Consolidated Financial Performance
For the full year ended March 31, 2026, Astral's consolidated EBITDA grew 12.4% to ₹11,092 million from ₹9,872 million in FY25, maintaining an EBITDA margin of 16.9%. Profit before tax for the year was ₹7,532 million compared to ₹7,025 million in FY25, a 7.2% increase. Full year cash profit rose 8.4% to ₹8,263 million from ₹7,623 million. Total expenses rose to ₹58,627 million from ₹51,712 million. Consolidated cash (including cash equivalents) and bank balances as at March 31, 2026 stood at ₹9,433 million.
| Metric |
FY26 |
FY25 |
Change (%) |
| Revenue from Operations (₹ Million) |
65,686 |
58,324 |
+12.6% |
| EBITDA (₹ Million) |
11,092 |
9,872 |
+12.4% |
| EBITDA Margin (%) |
16.9% |
16.9% |
— |
| Profit Before Tax (₹ Million) |
7,532 |
7,025 |
+7.2% |
| Net Profit / PAT Before OCI (₹ Million) |
5,347 |
5,189 |
+3.0% |
| Cash Profit (₹ Million) |
8,263 |
7,623 |
+8.4% |
| Basic & Diluted EPS (₹) |
19.97 |
19.50 |
+2.4% |
Segment Performance
Astral operates through two main business segments: Plumbing and Paints and Adhesives. The Plumbing segment delivered a strong performance, with Q4 revenue growing 25.1% to ₹15,342 million and segment EBITDA surging 40.5% to ₹3,519 million, with EBITDA margin expanding to 22.9% from 20.4%. Plumbing volumes for Q4 reached 84,041 M.T. compared to 67,692 M.T. in Q4 FY25, a 24.2% increase. The Paints and Adhesives segment recorded Q4 revenue of ₹5,543 million, up 21.9%, though segment EBITDA declined 20.0% to ₹483 million with margin contracting to 8.7% from 13.3%.
| Segment |
FY26 Revenue (₹ Million) |
FY25 Revenue (₹ Million) |
FY26 Segment EBITDA (₹ Million) |
FY25 Segment EBITDA (₹ Million) |
| Plumbing |
46,787 |
41,963 |
9,166 |
7,924 |
| Paints and Adhesives |
18,899 |
16,361 |
1,926 |
1,948 |