India · Delayed Price · Currency is INR Astra Microwave Products Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 saw record performance with strong margins and a robust order book exceeding INR 2,200 crore. Management reaffirmed FY26 and FY27 growth targets, highlighted major wins in defense and space, and expects to double turnover in 3-4 years.
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Q2 FY26 saw strong revenue and margin growth, with H1 revenue up 7.2% YoY and PAT up 13.5%. Order book remains robust, and management guides for FY26 revenue of INR 1,150–1,200 crores, targeting 2X growth in 3–4 years and a long-term $1 billion revenue goal.
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Q1 FY26 revenue grew 28.1% year-over-year to INR 197 crore, with a robust order book of INR 1,891 crore and strong growth expected across defense, space, and meteorology segments. EBITDA margin guidance is 20%, and major new contracts are anticipated before March 2026.
Fiscal Year 2025
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Revenue grew 15% year-over-year to INR 1,044 crore, with gross margin rising to 43.9% and PAT margin at 13.7%. Order book reached INR 2,304 crore, driven by strong domestic defense demand and major wins in radar and electronic warfare. FY 2026 targets 20% revenue growth and 18% bottom-line margin.
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Q3 FY25 saw 12% YoY revenue growth and stable 29.1% EBITDA margin, with a robust order book and strong domestic defense execution. Management guides for 15-20% top-line growth and stable margins next year, with new product launches and export focus supporting future performance.
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Q2 FY25 revenue grew 21% year-over-year to INR 230 crores, with EBITDA margin steady at 21%. Order book remains robust at INR 2,269 crores, and guidance for FY25 is maintained. Strategic JVs and new product initiatives in defense and anti-drone systems support future growth.
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Q1 FY25 saw strong order inflows, improved margins, and a robust order book above INR 2,000 crore. Revenue grew 16% year-over-year, with profit after tax turning positive. Guidance for FY25 remains strong, supported by a healthy pipeline and strategic IP initiatives.