Astra Microwave Products Limited announced its unaudited financial results for the second quarter and half year ended September 30, 2026. The company reported a 22.5% increase in standalone revenue from operations for Q2 FY27, reaching ₹261 crore. EBITDA saw a substantial rise of 87.4% to ₹87 crore, with PAT growing by 126.5% to ₹47 crore. For the half year (H1 FY27), revenue grew 6.6% to ₹437 crore, while EBITDA and PAT also showed strong gains.
Astra Microwave Products Reports Robust Q2 and H1 FY27 Financial Performance
Astra Microwave Products Limited, a key player in designing and manufacturing Defence, Aerospace & Space Electronics systems, has announced its unaudited financial results for the second quarter (Q2) and the first half (H1) of the financial year FY27, ending on September 30, 2026. The company demonstrated significant growth across key financial metrics.
Standalone Highlights
Q2 FY27 Performance
In the second quarter of FY27, Astra Microwave Products reported standalone revenue from operations of ₹261 crore, a notable increase of 22.5% compared to ₹213 crore in Q2 FY26. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) surged by 87.4% year-on-year to ₹87 crore, resulting in an improved EBITDA margin of 33.2% (up from 21.7% in Q2 FY26). Profit After Tax (PAT) witnessed a remarkable 126.5% jump to ₹47 crore, with the PAT margin expanding to 18.0% from 9.7% in the prior year’s comparable quarter.
H1 FY27 Performance
For the first half of FY27, the company’s standalone revenue from operations reached ₹437 crore, a 6.6% increase over ₹410 crore in H1 FY26. EBITDA for H1 FY27 was ₹120 crore, marking a 41.5% growth, and maintained a healthy EBITDA margin of 27.4%. PAT for the first half stood at ₹57 crore, an increase of 68.3% compared to ₹34 crore in H1 FY26, with a PAT margin of 13.0%.
The company also highlighted a favourable product mix, driven by the execution of domestic defence production orders, coupled with effective control over operating expenses as key drivers for this strong performance.
Geographical Spread and Order Book
In Q2 FY27, the geographical revenue spread for Astra Microwave Products was 93.8% from India and 6.2% from exports. For H1 FY27, this stood at 94.3% domestic and 5.7% exports.
As of September 30, 2026, the standalone order book was valued at ₹3,937 crore. Orders received during the second quarter amounted to ₹2,036 crore. The order book composition increasingly features production orders for indigenous radar and electronic warfare platforms, indicating strong future revenue visibility.
Consolidated Highlights
On a consolidated basis, revenue from operations for Q2 FY27 grew 22.6% to ₹263 crore (from ₹215 crore in Q2 FY26). Consolidated EBITDA increased by 86.0% to ₹89 crore, and PAT rose by 117.5% to ₹52 crore. For H1 FY27, consolidated revenue stood at ₹440 crore (up 6.1% from ₹414 crore), with consolidated EBITDA at ₹122 crore and PAT at ₹64 crore.
The consolidated order book as of September 30, 2026, was ₹4,708 crore.
Management Commentary
Mr. M V Reddy, Managing Director of Astra Microwave Products Limited, commented, “H1 FY27 has been a strong first half for Astra. Our EBITDA and PAT for the half year are the highest we have ever reported, both in absolute terms as well as margins. Standalone revenues for H1FY27 reported were Rs.437 crores, with EBITDA of Rs.120 crores at a 27.4% margin and PAT of Rs. 57 crores at a 13.0% margin. This healthy performance was driven by a favourable product mix, led by execution of domestic defence production orders, alongside better control of operating expenses.”
He further added, “We remain focused on strengthening our position in India’s defence and aerospace ecosystem through indigenous product development, deeper technological capabilities and expansion into new opportunities, including exports of radar, electronic warfare and software-defined radio systems to friendly nations. We will keep investing in R&D and production capacity to stay ahead of this demand, and we remain committed to our long-term aspirations.”
Source: BSE
