Astra Microwave Products Limited has informed the Exchange about Transcript
ASTRAMICRO · price
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Astra Microwave reported a strong FY25 with stand-alone revenue of ~INR 1,044 crores (~15% YoY growth), gross margins expanding to 43.9% (vs 39% in FY24), EBITDA margin of ~25.5%, and PAT of ~INR 143 crores (~13.7% margin). The consolidated order book stood at ~INR 2,304 crores, with 91% domestic and 9% exports. Management guided FY26 revenue growth of ~20%, PBT margin around 18%, and order intake target of INR 1,300-1,400 crores. The Board approved a INR 174 crore preferential issue (including promoter/director participation) to strengthen the balance sheet and raised the dividend to INR 2.20/share (from INR 2.00). Key strategic wins included AAAU for LCA Mark 2, Su-30 subsystems, Virupaksha EW subsystems, and the JV (Astra Rafael Comsys) is expected to deliver INR 350+ crores with ~12% PBT in FY26. Management pegged the addressable market at INR 20,000-25,000 crores over the next 4-5 years, with the SDR sub-segment alone at INR 5,000-6,000 crores. Capex of ~INR 90 crores is planned for FY26, funded through internal accruals and term loans.
Positive for shareholders — record revenue crossing INR 1,000 crores, margin expansion, strong order book visibility, dividend hike, and continued order pipeline from major defense programs (Virupaksha, Su-30, LCA Mark 2) signal robust multi-year growth. The preferential issue at a higher price than QIP and promoter participation signals insider confidence, though it does entail some dilution.