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Astral's Revenue increased driven by strong volume growth

The revenue from operations showed strong growth of 32% on a YoY basis. This growth was driven driven by strong performance in Electrominerals and Ceramics segments along with additional sales of Rs.145 crores from recent overseas acquisitions.

Non-Covid revenue grew by 9% Y-o-Y to Rs.478 Cr. Revenue from operations showed a decline of 1.51% in Q3 FY23 to Rs. 489 Cr vs Rs 497 Cr in Q3 FY22

Infrastructure and IT and Tech Services businesses lead revenue growth.

Improvement in volume & mix and increase in realisations and increase in prices lead to profits during Q3FY23.

2-wheeler segment showing recovery as retail demand improves. Recovery in rural demand led to increase in demand for Q3FY23.

Coromandel International reported phenomenal growth in topline yoy as well as sequentially majorly driven by growth in nutrients business.

The revenue growth was aided by strong performance in Home Care and Beauty & Personal Care segment, which grew double-digits. The company took calibrated price actions in both segments.

The jump of over 67% in the PAT can be directly attributed to the increasing volumes being consumed by the customers despite a number of supply chain restrictions in the peak season.

Management says that the demand is strong despite the inflationary environment in USA and heat wave in Europe. Demand may get impacted in Q3FY23.