Synopsis:
Astra Microwave’s Q1 FY26 revenue fell 51 percent QoQ to Rs. 199.7 crores but rose 29 percent YoY; net profit dropped 78 percent QoQ yet surged 126 percent YoY, with an order book at Rs. 2,236.2 crores.
Shares of a company involved in designing, developing and manufacturing of defence, aerospace & space electronics systems, sub-systems and components surged nearly 5.5 percent on BSE, after reporting financial results for Q1 FY26 with a net profit growth of around 126 percent YoY.
With a market cap of Rs. 9,706 crores, the shares of Astra Microwave Products Limited closed in the green at Rs. 1,022.3 on BSE, up by around 4.3 percent, as against its previous closing price of Rs. 980.5. The stock has delivered positive returns of nearly 25 percent in the last one year, and has gained by around 3 percent in the last one month.
What’s the News
Astra Microwave Products Limited announced the financial results for Q1 FY26 on Wednesday during market hours, according to the latest regulatory filings on the stock exchanges.
For Q1 FY26, Astra Microwave reported a consolidated revenue from operations of Rs. 199.7 crores, down by around 51 percent QoQ from Rs. 407.8 crores in Q4 FY25 but a growth of nearly 29 percent YoY from Rs. 155.2 crores recorded in Q1 FY25.
Net profit for the quarter stood at Rs. 16.3 crores, marking a decline of around 78 percent QoQ from Rs. 73.5 crores in Q4 FY25, but an impressive year-on-year increase of about 126 percent from Rs. 7.2 crores in Q1 FY25.
In terms of margins, the company reported a net profit margin of 8.2 percent in Q1 FY26, a rise from 4.6 percent in Q1 FY25. Similarly, the EBITDA margin improved to 20.5 percent from 15.5 percent, over the same period. During the quarter, the company reported a consolidated order book of around Rs. 2,236.2 crores, which includes Rs. 166.67 crores pertaining to service orders.
In Q1 FY26, Astra Microwave’s revenue was predominantly driven by the defence segment, which accounted for 86.4 percent of total revenue. The space segment contributed 2.4 percent, while exports, including deemed exports, made up 10 percent. Meteorology contributed 0.4 percent, and the remaining 0.8 percent came from other segments.
The company sees major opportunities worth Rs. 24,000-Rs. 25,000 crore across sectors through FY28, spanning radar programs, space, missiles and telemetry, turnkey projects, and other key initiatives.
The company aims to achieve a 70 percent domestic and 30 percent export revenue distribution over the next 2-3 years. Domestic business typically yields a gross margin of 40-45 percent, compared to 8-10 percent for exports.
Astra Microwave Products Limited is engaged in the business of design, development and manufacture of sub-systems for Radio frequency and microwave systems used in defence, space, meteorology and telecommunication. It manufactures, supplies, installs and services electronic machinery, components, spares and other electronic parts.
Additionally, the company’s expertise extends to defence communication systems, specific electronic warfare, radar, missile electronics, and the designing, developing, manufacturing and dealing in spacecrafts, launching vehicles, and robots for the sectors of aviation and aerospace, deep space, defence and internal security applications.
Written by Shivani Singh
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