Archive · 12 Aug 2025

Astral Shares Tumble 7% Post Weak Q1 Performance

Astral Shares Tumble 7% Post Weak Q1 Performance

Astral Ltd, a PVC pipe maker, saw its stock price fall after reporting weak financial results for the June quarter.

The company's profit decreased significantly due to inventory losses and lower prices of PVC.

They also acquired a company and plan to build a new facility to produce a specific type of plastic resin.

While the recent quarter was challenging, the company expects improvements as PVC prices stabilize.

Sources