Astral Shares Decline 7% Following Q4 Earnings Miss, Apollo Micro Systems Surges 10% on Strong Quarterly Results

Astral Shares Plummet to Three-Month Low After Earnings Miss

Shares of Astral fell for the third consecutive session on Tuesday, following the company's disappointing March quarter earnings report. The stock dropped by approximately 7 percent to an over three-month low of Rs 1,440.50 per share. In the last three sessions, it has declined by 8 percent.

Astral reported a consolidated net profit of Rs 213 crore for the quarter, representing a year-over-year increase of about 19 percent. However, this figure fell short of analysts' estimates of Rs 249 crore. The company's consolidated revenue stood at Rs 2,089 crore, a year-over-year increase of over 24 percent, but lower than the expected Rs 2,163 crore.

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In a separate development, PL Capital has projected Astral's pipes and fittings business to achieve a volume growth of 15 percent CAGR over FY26–FY28. The brokerage also projected revenue CAGR of 16.6 percent, EBITDA CAGR of 20.2 percent, and profit after tax CAGR of 31.3 percent over the same period. PL Capital reduced its FY27 and FY28 earnings estimates by 4.4 percent and 4 percent, respectively, while retaining a 'buy' rating and lowering the target price by over 3 percent to Rs 1,813.

Meanwhile, shares of Apollo Micro Systems rose more than 10 percent during the session after the company announced its Q4FY26 results. Apollo Micro Systems reported a net profit of Rs 37.6 crore for the quarter, representing a year-over-year increase of 168 percent from Rs 14 crore in the same period last year. The company's revenue increased 81.3 percent to Rs 293.3 crore from Rs 161.8 crore a year earlier.