Astra Microwave Products Limited (ASTRAMICRO) Financial Results — Revenue ₹1,156 Cr

Investor Takeaways

Revenue grew 10.7% YoY to ₹1,156 crores

Net Profit increased 25.7% YoY to ₹193 crores

EBITDA rose 24.1% YoY to ₹334 crores

Dividend recommended at ₹2.40 per share

Consolidated order book reached ₹2,610 crores as of March 31, 2026

Record Q4 revenue of ₹487 crores (20.4% YoY)

EBITDA margin expanded to 32.8%

Strategic demerger of Space, Meteorology, and Hydrology businesses underway

Overall Tone: Positive

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹1,156 Cr	10.7%
Net Profit	₹193 Cr	25.7%
EBITDA	₹334 Cr	24.1%
EPS	₹5.73	—
OPM	32.8%	—

What Changed

Astra Microwave Products reported consolidated revenue of ₹1,156 crores for FY26, reflecting a 10.7% year-on-year increase. Net profit rose 25.7% to ₹193 crores, driven by operational efficiency and margin expansion. EBITDA grew 24.1% to ₹334 crores, with EBITDA margin improving to 32.8%. The company recorded a record quarterly revenue of ₹487 crores in Q4FY26, up 20.4% YoY. A consolidated order book of ₹2,610 crores as of March 31, 2026, includes ₹231 crores in service orders, indicating sustained demand visibility. The firm announced plans to demerge its Space, Meteorology, and Hydrology businesses to enhance strategic focus and capitalize on growth in defence electronics. Shareholders were returned value through a recommended dividend of ₹2.40 per share. Forward guidance targets 10% to 15% revenue growth for FY27. The demerger is expected to streamline operations and improve capital allocation efficiency.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Astra Microwave Products	78.15	N/A	N/A	10,506.61
Bharat Electronics Limited	62.03	N/A	N/A	3,09,678.78
Hindustan Aeronautics Limited	33.73	N/A	N/A	2,93,338.09
Cummins India Limited	74.38	N/A	N/A	1,49,466.24

Astra Microwave Products trades at a premium valuation compared to peers, with a P/E ratio of 78.15, higher than BEL (62.03) and Cummins India (74.38), while HAL has a significantly lower P/E at 33.73.