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Earnings Call

Astra Microwave Products Earnings Call: Key Takeaways

Astra delivered record FY26 revenue of ₹1,157cr, shifting from a subsystem supplier to a systems manufacturer with a massive ₹2,141cr order book and ₹370cr operating cash flow.

Why this was an Alfa AlertManagement explicitly guided to triple revenue (200% growth) over the next 4.5 to 5.5 years, exceeding the 50% growth threshold for future guidance.
Highlights
Revenue growthFY26 revenue at ₹1,157cr, meeting upper end of guidance.
MarginsEBITDA margin at 33.3%; shift to IP-led exports sustaining margins.
Order bookStandalone order book at ₹2,141cr; JV order book at ₹625cr.
Demand visibilityStrong visibility with ₹1,600cr+ orders expected in FY27.
Management confidenceExtremely high, focusing on long-term IP ownership and systems manufacturing.

Growth

Revenue grew 16% YoY; growth is transitioning from build-to-print to high-margin IP-driven indigenous systems.

Outlook

Targeting ₹1,300-1,400cr revenue for FY27 and a 3x revenue jump by FY30-31.

Risks

Heavy dependence on 5-6 large government programs and potential forex volatility affecting JV profitability.

Source

Earnings Call filed with BSE, NSE: ASTRAMICRO. Summary written with AI assistance from the document.

Read the document ↗

Astra Microwave Products Ltd: key numbers

Share price
₹1,622.40
Market cap
₹15,404 Cr
Revenue (annual)
₹1,163 Cr
Net profit (annual)
₹193.0 Cr
P/E (TTM)
81.5×Sector 53.6×
Promoter holding
6.54%+0.00% QoQ
FII holding
10.74%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Annual General Meeting

Astra Microwave Products Annual General Meeting

Astra Microwave Products Limited conducted its 35th Annual General Meeting on September 18, 2026, where shareholders discussed agenda items, including financial statements and director appointments.