ALFA Finder| EBITDA Margin: guided vs achieved | 27.40% achieved Guided 26.00%–28.00%; confirmed by management |
|---|---|
| Management target | Revenue 15.0% FY27 |
| Revenue growth | H1 revenue at ₹437 Cr, growth driven by domestic defense orders. |
|---|---|
| Margins | Record 27.4% EBITDA margin due to domestic production mix. |
| Order book | Record consolidated order book at ₹4,708 Cr. |
| Demand visibility | Strong multi-year visibility across air defense, radars, and electronic warfare. |
| Management confidence | High; emphasizing transition to IP-owned systems and debt-free targets. |
Growth
H1 revenue reached ₹437 Cr with record EBITDA margins of 27.4%, driven by a favorable domestic defense production mix.
Outlook
Management targets ₹2,000 Cr revenue by FY29 and expects the consolidated order book to reach ₹5,600 Cr by FY28.
Risks
High working capital cycle of 370 days and execution delays in large contracts like QR-SAM remain primary concerns.
Last quarter's promises, checked
Delivered
- Margin 'similar to FY26, positive delta' → 27.4% record EBITDA (= BEAT)
- Order book ₹4,300 Cr (Aug) → ₹4,708 Cr (= BEAT)
Partly delivered
- FY27 rev ₹1,350 Cr ±25 → H1 ₹437 Cr, H2 needs ₹913 Cr (= PARTIAL)
- ≥3 IP products by Diwali → 2 launched, ELINT drone unconfirmed (= PARTIAL)
- Growth 15–20% → +15.0% floor (= PARTIAL)
Missed
- Q1 programs planned → slipped; Q1 rev ₹182 Cr (= MISS)
Earnings Call Transcript filed with NSE, NSE: ASTRAMICRO. Summary written with AI assistance from the document.
Astra Microwave Products Ltd: key numbers
- Share price
- ₹1,703.50
- Market cap
- ₹16,174 Cr
- Revenue (annual)
- ₹1,163 Cr
- Net profit (annual)
- ₹193.0 Cr
- P/E (TTM)
- 74.8×Sector 52.1×
- Promoter holding
- 6.54%+0.00% QoQ
- FII holding
- 10.48%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Astra Microwave Products Ltd
All →Astra Microwave Products Results Update
Astra Microwave reported Q2 FY27 standalone revenue of Rs.261 crore, up 22.5%, and PAT of Rs.47 crore. The press release also cites a standalone order book of Rs.3,937 crore.
- Order book
- ₹3,937 Cr
Astra Microwave Products Investor Presentation: Key Takeaways
Q2FY27 standalone revenue Rs 261 Cr (+22.5%), PAT Rs 47 Cr (+126.5%), EBITDA margin 33.2%. Rs 3,937 Cr order book; Space/Met/Hydro demerger approved in principle.
- Call
- Guides 15% growth
Astra Microwave Products Other Announcement
Astra Microwave filed a Reg 32 statement for the quarter ended September 30, 2026. It confirms no deviation or variation in the use of preferential-issue warrant proceeds.
Astra Microwave Products Q2 FY27 Results: Net Profit ₹51.1 Cr, Up 113.8% YoY
Astra Microwave Products Ltd reported revenue from operations of ₹262.8 Cr (+22.5% YoY) and net profit of ₹51.1 Cr (+113.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹51.1 Cr · +113.8% YoY
Astra Microwave Products Board Meeting Date
Astra Microwave scheduled its Board meeting for November 12, 2026 to approve Q2 and H1 FY27 results. No financial figures or decisions are reported in this advance intimation.
Astra Microwave Products Merger & Restructuring
Astra Microwave received exchange observation letters for its Space business demerger into Astra Space Technologies. The scheme remains subject to regulatory approvals.