ASTRAMICROBSEAstra Microwave Products LtdLowNeutral
Announced Tue, 26 May · 12:07 IST

as per covering letter

Board & Shareholder Meetings View source PDF

ASTRAMICRO · price

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Price reaction · full curve 14 horizons · vs prior close
+12.1%1-day move
₹1238.00
prior close
₹1252.50
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AI summary

Astra Microwave Products Ltd reported strong full-year results for FY2026 ended March 31, 2026. Standalone revenue grew 10.7% to Rs. 1,155.67 crore from Rs. 1,044.23 crore, while profit after tax rose 24% to Rs. 177.84 crore from Rs. 143.39 crore. Basic EPS improved from Rs. 15.10 to Rs. 18.73. The Board recommended a dividend of Rs. 2.40 per equity share (120% on face value Rs. 2), subject to shareholder approval at AGM. The company has a robust order book of Rs. 2,141.21 crore including Rs. 242.29 crore in service orders. Consolidated PAT for FY2026 stood at Rs. 192.97 crore with basic EPS of Rs. 20.32. The Board has also given in-principle approval for demerging the Space, Meteorology and Hydrology business into Astra Space Technologies Private Limited.

Likely market impact

The company delivered robust double-digit revenue growth and significant profit expansion, driven by strong execution in RF and microwave products. The healthy order book provides revenue visibility for FY2027. The proposed demerger of space-related business could unlock value and improve focus. The dividend declaration signals financial strength and commitment to returning value to shareholders.