Anand Rathi has given Astral Ltd a "Buy" rating and set a target price of Rs 2,666, which is higher than the previous target of Rs 1,793.

Despite facing challenges, such as a minimal increase in revenue and a decrease in EBITDA margin, the company's gross margin remained stable.

The decline in profit after tax can be attributed to a drop in other income and increases in depreciation and interest expenses.

Looking ahead, Anand Rathi predicts strong growth rates for revenue, EBITDA, and PAT over the next few fiscal years, indicating a positive outlook for Astral.