The share of this defence product manufacturer gained up to 2.02 percent after the company’s net profit increased by 346 percent second-quarter result.
Astra Microwave Product Ltd is a Small-cap with a market capitalization of Rs 5,119.91 Crore. On Wednesday, the shares were trading at Rs 539.25 a share, an increase of 0.55 percent from the previous close price.
Looking at the company’s performance, Astro Microwave Product Ltd’s revenue increased by 43 percent on a quarter-on-quarter basis from Rs. 135.17 crores in Q1FY24 to Rs.193.5 crores in Q2 FY24. Further, revenue increased by 9.4 percent year on year from Rs. 176.75 crores in Q2FY23 to Rs.193.5 crores in Q2FY24.
Astro Microwave Product Ltd’s net profit increased by 346 percent on a quarter-on-quarter basis from Rs. 6.73 crores in Q1FY24 to Rs. 30.02 crores in Q2FY24. Further, net profit increased by 46.2 percent year on year from Rs. 20.52 crores in Q2FY23 to Rs.30.02 crores in Q2FY24.
Astro Microwave Product Ltd reported return ratios in the recent financial year with a return on equity (ROE) of 11.37 percent and a return on capital employed (ROCE) of 17.1 percent.
Astro Microwave Product Ltd’s recent shareholding pattern, The Promoters of The company owns 6.54 percent while Retail shareholders own 76.47 percent stake in the company and Foreign Institutional Investors own a 1.73 percent stake.
The company gave 67.07 percent return in six months and 70.10 percent in a year.
Astra Microwave Products is the design, development, and production of subsystems for microwave and radio frequency systems used in telecommunication, weather, space exploration, and defense.
Written By:- Abhishek Singh
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