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Earnings Call

Astra Microwave Products Earnings Call: Key Takeaways

Astra delivered steady FY26 performance with ₹1,157cr turnover, meeting guidance. Strategy shifts from component manufacturing to IP-driven systems and DCPP roles for major defense programs.

Why this was an Alfa AlertNot a filter event. FY26 performance was delivered exactly as per the prior guidance (₹1,157cr).
Highlights
Revenue growthFY26 turnover of ₹1,157cr; guided 15-20% growth for FY27.
MarginsTargeting 50-55% gross margins; shift to high value-add IP products.
Order bookStandalone ₹2,141cr; Consolidated ₹2,600cr as of March 31, 2026.
Demand visibilityStrong indigenization focus with 75% budget for domestic players.
Management confidenceHigh; visibility on ₹1,600cr+ orders for FY27.

Growth

FY26 revenue at ₹1,157cr. Operating cash flow improved significantly to ₹370cr from -₹99cr YoY.

Outlook

FY27 revenue guidance of 15-20% growth; targeting to triple revenue by FY30-31 through major defense programs.

Risks

Forex-related provisions impacted JV profitability; execution risks in long-term government defense procurement cycles.

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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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.