Astra Microwave Products Limited (AMPL) released its Investor Presentation for Q3 FY26, showcasing the highest ever nine-month performance in revenue, EBITDA, and PAT across both standalone and consolidated results. Standalone Revenue for 9MFY26 grew 5% YoY to ₹668 Cr, with PAT improving 6% YoY to ₹73 Cr. The company maintains a diversified and robust standalone order book valued at ₹2,226 Cr as of December 31, 2025.
Q3 FY26 Performance Highlights: Highest Ever Nine Months
Astra Microwave Products Limited has reported its financial performance highlighting the highest ever nine months performance for FY26, demonstrating significant growth in profitability metrics compared to FY25.
Standalone Performance Summary
For the nine months ending December 31, 2025 (9MFY26):
- Revenue from Operations stood at ₹668 Cr, marking a 5% Year-over-Year (YoY) increase from ₹639 Cr in 9MFY25.
- EBITDA reached ₹165 Cr (up 12% YoY) with an improved margin of 24.6% (up from 22.9%).
- Profit After Tax (PAT) was ₹73 Cr (up 6% YoY) with a PAT Margin of 10.9%.
- Q3FY26 saw standalone PAT at ₹39 Cr (15.1% margin), holding steady YoY.
Consolidated Performance Summary
For 9MFY26 on a consolidated basis:
- Revenue was ₹675 Cr (up 5% YoY).
- EBITDA was ₹171 Cr (up 15% YoY) with margins improving to 25.4%.
- PAT grew by 9% YoY to ₹87 Cr, with margins at 12.9%.
- Q3FY26 consolidated PAT was ₹47 Cr (18.0% margin), slightly down -1.3% YoY.
Robust and Diversified Order Book
The company’s standalone order book remains strong, totaling ₹2,226 Cr as of December 31, 2025. The diversification is evident in the segment breakup:
- Defence/Public: 66% (₹1,477 Cr)
- Exports: 17%
- Meteorological: 11%
- Space: 6%
During the quarter, total orders received amounted to ₹476.40 Cr, heavily dominated by the Defence segment at ₹293.01 Cr.
Segmental Revenue Focus (9M FY26)
The revenue mix shows a continued high dependence on Defence:
- Defence: Accounts for 81.7% of revenue for 9MFY26.
- Exports including Deemed Exports: Contributed 11.9%.
Strategic Vision: LEAP Framework and Growth Targets
AMPL’s growth strategy is built upon the LEAP Framework (Lean & Learn, Expansion, Products, Accretiveness), leveraging its 30+ years of experience in Radar, EW, and Strategic Electronics.
The company is targeting 15% to 20% revenue growth, aiming for a higher proportion of revenue derived from complex system fabrication within the next three to five years, enhancing margins and capital efficiency.
Market Opportunity
The Total Addressable Market (TAM) across all sectors is estimated at around ₹24,000–25,000 Cr until FY28, with Radar Programs representing the largest single opportunity at ₹10,000 – 11,000 Cr.
Infrastructure and Certifications
AMPL supports its operations with extensive infrastructure, including four manufacturing facilities in Hyderabad and one R&D facility in Bengaluru. The company maintains stringent quality standards, holding certifications including AS9100D, ISO 9001:2015, ISO 14001:2015, ISO 27001:2013, and ISO 45001:2018.
Furthermore, its EMC Test Services facility is accredited under ISO/IEC 17025:2017 by NABL.
Source: BSE
