Astra Microwave Products Limited has informed the Exchange about Transcript
ASTRAMICRO · price
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Astra Microwave reported a strong Q1 FY26 with standalone revenue of INR197 crores, up 28.1% year-on-year, driven by its defense and electronics business. The company has a healthy standalone order book of INR1,891 crores and is guiding for FY26 order inflows of INR1,300-1,400 crores, of which INR260 crores has already been booked. Management highlighted a new INR135 crore DRDO order for ground-based radar upgrades and INR239 crore of orders in the space sector. The joint venture with Rafael (ARC) has an order book of INR400+ crores and is expected to bag $100 million in fresh orders before March 2026. Revenue growth is guided at 18-20% YoY with a slight improvement in profit margins, as the company shifts focus from build-to-print to higher-value build-to-spec and indigenous platform work. Director Atim Kabra outlined a multi-year revenue potential of INR4,000-5,000 crores over the next 5-6 years across space, weather radar (Mausam program), anti-drone systems, MMIC chips, and shipborne radar programs.
Strong order book visibility, confirmed FY26 guidance, and margin expansion outlook should be positive for the stock. The multi-decade growth narrative across diversified defense, space and weather segments reduces concentration risk, though execution on large programs like Virupaksha and Uttam radar remains the key catalyst to watch.