Astral has uploaded the transcript for its Analyst Meet held on May 20, 2026. The document is available on the investor relations section of the company's website. This disclosure was submitted to BSE Limited and the National Stock Exchange of India under Regulation 30.

The transcript provides a detailed record of the discussions held during the interactive session. The company confirmed the availability of this document to the market and stakeholders. The filing was digitally signed by Chintankumar Patel, the Company Secretary of Astral Limited.

Event Information

Astral Limited, headquartered in Ahmedabad, continues to engage with the investment community through such sessions and by sharing relevant updates.

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.

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.

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%.