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Astral's Q2FY24 Financial Performance Review

Oct 19, 2023

By: BlinkX Research Team

In this financial performance review, we delve into the results of Astral for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.

REVENUE: 
The company reported a total income of ₹1,376 crores for Q2FY24, with a 6.25% increase compared to the preceding quarter and a healthy increase of 16.41% from the Q2 of the previous fiscal.

EXPENSES: 
They also recorded expenses amounting to ₹1,199 crores in Q2FY24, with a 10.41% increase compared to the corresponding quarter of the previous fiscal year. Furthermore, expenses showed an increase of 5.83% when compared to the previous quarter.

NET PROFIT: 
The net profit of the Company for Q2FY24 was ₹131.7 crores, reflecting a 10.39% increase compared to the preceding quarter and an impressive jump of 75.6% year-on-year.

MARGINS: 
Astral's margin in Q2FY24 was 9.57%. This figure showed a slight increase compared to the previous quarter when the margin was 9.21%. Year-on-year, the margin increased from 6.35% in the corresponding quarter of the previous fiscal year.

In conclusion, Astral's financial performance in Q2FY24 indicates positive trends, with increased revenue, net profit, and improved margins. These results suggest sound financial health, driven by better margins.

Stay tuned for more detailed updates on Astral's financial performance in the coming quarters.