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Astra Microwave Products (532493) investor relations material
Astra Microwave Products Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered strong Q2 and H1 FY26 performance with improved margins, robust order book, and continued profitability, supported by a favorable revenue mix and transition to integrated solutions.
Over 10 years of revenue growth, with a diversified portfolio in defense, space, meteorology, and exports, and strategic R&D and joint ventures driving innovation and global reach.
Standalone and consolidated unaudited financial results for Q2 and H1 FY26 were approved, with no material misstatements found by auditors.
Major deliveries included modules for key radar systems, new orders in defense refurbishment, and participation in major defense and space programs.
Convertible warrant proceeds and a subsidiary dissolution were notable events in H1 FY26.
Financial highlights
Standalone H1 FY26 revenue grew 7.2% YoY to Rs. 410 Cr; consolidated revenue up 7.7% to Rs. 414 Cr; Q2 standalone revenue at Rs. 213 Cr.
Standalone H1 FY26 EBITDA at Rs. 85 Cr (20.6% margin), PAT up 13.5% YoY to Rs. 34 Cr; consolidated EBITDA at Rs. 89 Cr (21.4% margin), PAT at Rs. 40 Cr.
Gross profit margin improved to 46.9% (standalone) and 48.8% (consolidated) in H1 FY26.
Standalone and consolidated cash and cash equivalents increased significantly to Rs. 9,726.59 lakhs and Rs. 10,147.94 lakhs as of September 30, 2025.
ARC JV contributed Rs. 7 Cr PBT in Q2 on Rs. 78 Cr revenue; targeting Rs. 350 Cr revenue for FY26.
Outlook and guidance
FY26 revenue guidance at Rs. 1,150–1,200 Cr, with margins expected to be maintained or slightly improved; targets 15–20% revenue growth over the next 3–5 years.
Management targets doubling turnover in 3–4 years, with a long-term goal of $1 billion revenue.
Order inflow expected at Rs. 400 Cr in Q3 and Rs. 600 Cr in Q4; order book at Rs. 1,916 Cr standalone and Rs. 2,209 Cr consolidated as of September 30, 2025.
Growth to be back-ended, with significant ramp-up from FY27 as major projects enter production.
Expects higher revenue contribution from advanced systems and global markets.
- TimeTickerHeadlineOpen
- 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus. - 6 FebWEC
Targets 7–8% EPS growth, $37.5B capex, and coal exit by 2032 amid surging data center demand. - 6 FebBR
Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%. - 6 FebFFWM
Merger vote includes new non-voting stock class with limited conversion and no voting rights. - 6 FebKKR
Charter amendments seek to modernize governance and establish one share, one vote by 2026. - 6 FebARI
Proposed $9B real estate loan portfolio acquisition highlights disciplined, long-term strategy. - 6 FebSMCI
Q2 revenue jumped 123% to $12.7B, with FY26 guidance raised to at least $40B. - 6 FebRJF
Record revenues and assets, higher dividend, and acquisitions despite lower net income. - 6 FebFFIE
Raising capital for global EV and AI expansion, with regulatory and dilution risks highlighted.
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