New Delhi, Aug 12
Building materials and equipment company Astral Ltd's share price fell by nearly 8 per cent during the early trade on Tuesday after the firm reported a decline of over 30 per cent in its net profit for the first quarter of the current financial year (Q1 FY26).
At around 11:43 a.m., the company's shares were trading at Rs 1,282.70, down 7.16 per cent. The stock opened at Rs 1,310.10, falling significantly against last session's closing of Rs 1,381.60. The scrip further extended its loss following selling pressure to touch an intra-day low at Rs 1,275.0 (as of the above-mentioned time).
The stock fell 22.41 per cent so far this year and 33.79 per cent over the previous 12 months. Meanwhile, its 52-week high and low were, respectively, Rs 2,037.95 and Rs 1,232.30.
Astral's consolidated revenue decreased 1.6 per cent year over year to Rs 1,361 crore from Rs 1,383 crore. Over the year, its net profit dropped 33% from Rs 120.40 crore to Rs 81.10 crore.
In the April-June quarter, operating profit fell 14 per cent year-over-year to Rs 185.20 crore from Rs 214.20 crore. Over the year, its profit margin decreased from 15.5 per cent to 13.6 per cent, a decrease of 190 basis points.