Astra Microwave Products Limited announced its unaudited financial results for the first quarter ended June 30, 2026. Standalone revenue for Q1 FY27 was ₹176 crore, a decrease of 10.7% compared to Q1 FY26. Despite the revenue dip, the company highlighted a substantial new order worth ₹2,205 crore from Hindustan Aeronautics Limited (HAL), significantly enhancing its order book and providing strong revenue visibility. The company also reported consolidated revenue of ₹177 crore for the quarter.
Astra Microwave Reports Q1 FY27 Unaudited Financial Results
Astra Microwave Products Limited has released its unaudited financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), ending June 30, 2026. The company reported a standalone revenue from operations of ₹176 crore for the quarter, marking a -10.7% year-on-year change from the ₹197 crore recorded in Q1 FY26. EBITDA stood at ₹33 crore, down from ₹38 crore in the prior year’s comparable quarter, reflecting a margin of 18.8% compared to 19.5%.
Profitability and Margins
Profit After Tax (PAT) for the standalone operations in Q1 FY27 was ₹10 crore, a decrease from ₹13 crore in Q1 FY26, with PAT Margin declining to 5.6% from 6.6%. The company noted that India contributed 95% to its geographical spread, while exports accounted for 5%.
Order Book Strength and New Contract
As of June 30, 2026, Astra Microwave’s standalone order book stood at a robust ₹2,156 crore. The consolidated order book was even stronger at ₹2,849 crore. Significantly, the company announced that in July 2026, it secured a major order worth ₹2,205 crore from Hindustan Aeronautics Limited (HAL) for the procurement of 122 AAAU and 121 Interface Frames for the Uttam Radar. The company highlighted that the value of this single order surpasses its total standalone order book as of June 30, 2026, marking a landmark achievement.
Consolidated Financial Highlights
On a consolidated basis, revenue from operations for Q1 FY27 was ₹177 crore, down -11.5% from ₹200 crore in Q1 FY26. Consolidated EBITDA was ₹33 crore, a decrease from ₹41 crore, with the EBITDA margin at 18.7% compared to 20.5% in the previous year. Consolidated PAT for the quarter was ₹12 crore, down from ₹16 crore, with PAT Margin at 7.0% versus 8.1% in Q1 FY26.
Outlook and Growth Strategy
Mr. S G Reddy, Managing Director of Astra Microwave Products Limited, commented that Q1 FY27 was a decent start, driven by domestic defence production orders and followed by orders from space, exports, and meteorology. He expressed confidence in the company’s growth trajectory, targeting topline growth of 10% to 15% year-on-year while maintaining a healthy bottom line. The significant HAL order is expected to unlock substantial long-term opportunities.
Source: BSE
