Stock Report

Astra Microwave Products Reports Q1 FY27 Results; Consolidated Order Book Stands Strong at ₹2,849 Crore

Posted On : 2026-08-10 22:25:55( TIMEZONE : IST )

Astra Microwave Products Limited, a leading manufacturer of defence, aerospace, and space electronics systems and sub-systems, has declared its unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27).

Standalone Financial Performance

On a standalone basis, top-line and bottom-line metrics experienced a moderate contraction compared to the corresponding period of the previous fiscal:

Revenue from Operations: Stood at ₹176 crore in Q1 FY27, declining 10.7% year-on-year (YoY) compared to ₹197 crore in Q1 FY26. Total revenue for the full fiscal year ended March 31, 2026 (FY26) was recorded at ₹1,156 crore.

EBITDA: Came in at ₹33 crore for the quarter, down 13.7% YoY from ₹38 crore in Q1 FY26. Full-year FY26 EBITDA stood at ₹324 crore.

EBITDA Margin: Contracted slightly to 18.8% in Q1 FY27 from 19.5% in Q1 FY26 (full-year FY26 margin was 28.0%).

Profit After Tax (PAT): Declined 24.4% YoY to ₹10 crore in Q1 FY27 against ₹13 crore in Q1 FY26. Standalone PAT for FY26 was ₹178 crore.

PAT Margin: Stood at 5.6% for the quarter, compared to 6.6% in Q1 FY26 and 15.4% for full-year FY26.

Geographical Revenue Mix: Domestic sales accounted for 95% of total revenue during the quarter, while exports contributed 5%.

Order Book & Inflow: The standalone order book stood at ₹2,156 crore as of June 30, 2026, with fresh order intake during Q1 FY27 amounting to ₹194 crore.

Consolidated Financial Performance

At the consolidated level, performance reflected similar quarterly trends while maintaining a robust long-term executable order pipeline:

Revenue from Operations: Decreased 11.5% YoY to ₹177 crore in Q1 FY27, compared to ₹200 crore in Q1 FY26 and ₹1,163 crore for full-year FY26.

EBITDA: Stood at ₹33 crore in Q1 FY27, lower by 19.3% YoY against ₹41 crore in Q1 FY26 and ₹334 crore in FY26.

EBITDA Margin: Came in at 18.7% for the quarter, compared to 20.5% in Q1 FY26 and 28.7% for full-year FY26.

Profit After Tax (PAT): Stood at ₹12 crore in Q1 FY27, down 24.0% YoY from ₹16 crore in Q1 FY26. Consolidated PAT for full-year FY26 reached ₹193 crore.

PAT Margin: Contracted to 7.0% in Q1 FY27 from 8.1% in Q1 FY26 and 16.6% in FY26.

Consolidated Order Book: Reached ₹2,849 crore as of June 30, 2026, providing strong revenue visibility for upcoming quarters.

Commenting on the performance, Mr. S G Reddy, Managing Director, Astra Microwave Products Limited, said "Q1 FY27 was a decent start for the year, recording a standalone revenue of Rs. 176 crores, primarily driven by execution of domestic defence production orders, followed by orders from space, exports, meteorology and other applications.

As of June 30, 2026, our standalone order book stands at Rs. 2,156 crores, while the consolidated order book was at Rs. 2,849 crores, providing strong revenue visibility for the coming years.

On that note, I am delighted to highlight that recently in July 2026, we have secured a significant order worth Rs. 2,205 crores from Hindustan Aeronautics Limited (HAL) for the procurement of 122 AAAU and 121 Interface Frames for the Uttam Radar. Notably, the value of this single order is higher than our total standalone order book as of June 30, 2026. This is a landmark achievement for Astra Microwave Products and reflects the long-standing trust placed in our capabilities, technology and execution track record in the defence sector.

Looking ahead, we continue to see healthy progress across our key programmes and remain confident in our growth trajectory. We are targeting topline growth of 10% to 15% year-on-year, while maintaining a healthy bottom line. With the addition of this significant order, we see substantial long-term opportunities ahead and remain focused on leveraging our capabilities, strengthening our execution and delivering sustainable growth in the long-term."

Shares of Astra Microwave Products Limited was last trading in BSE at Rs. 1735.35 as compared to the previous close of Rs. 1839.90. The total number of shares traded during the day was 62004 in over 3676 trades.

The stock hit an intraday high of Rs. 1852.90 and intraday low of 1673.50. The net turnover during the day was Rs. 107568039.00.