Financial Results for Q1 FY27 (Quarter Ended June 30, 2026)
The Board of Directors approved the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, in accordance with Regulation 33 of SEBI LODR Regulations, 2015.
Standalone Financial Performance:
- Revenue from operations: ₹487.22 crore (compared to ₹176.21 crore in Q1 FY26 and ₹197.26 crore in Q4 FY26)
- Other income: ₹7.10 crore
- Total income: ₹494.31 crore
- Profit before tax: ₹139.85 crore
- Profit after tax: ₹105.26 crore
- Basic EPS: ₹11.09
- Diluted EPS: ₹11.07
- Paid-up equity share capital: ₹18.99 crore (₹2 per equity share)
Consolidated Financial Performance:
- Revenue from operations: ₹488.24 crore
- Other income: ₹6.99 crore
- Total income: ₹495.23 crore
- Profit before tax: ₹141.04 crore
- Profit after tax: ₹105.98 crore
- Basic EPS: ₹11.16
- Diluted EPS: ₹11.14
Order Book Position:
- Standalone order book as of June 30, 2026: ₹2,156.44 crore (includes ₹258.03 crore service orders)
- Orders booked during Q1 FY27: ₹194.28 crore
- Consolidated order book: ₹2,849.09 crore (includes ₹243.67 crore service orders)
- Consolidated orders booked during Q1 FY27: ₹431.91 crore
Management Changes
Resignation: Mr. S. Gurunatha Reddy (DIN: 00003828) resigned as Managing Director and Director of the Company, effective September 30, 2026 (close of business hours). The reason cited is to oversee the demerger of the Company and focus on establishing the resulting company (Astra Space Technologies Private Limited). There are no material reasons for his resignation other than those mentioned in his resignation letter.
Appointment: Dr. M.V. Reddy (DIN: 00421401), currently Joint Managing Director, was appointed as Managing Director effective October 1, 2026, for the balance period of his existing tenure (approved up to April 29, 2028). The appointment is subject to shareholder approval at the ensuing Annual General Meeting.
Dr. M.V. Reddy is a graduate in Engineering (Electronics) and post-graduate in Business Administration with 34 years of experience in handling Marketing and Business operations in Defence, Space and Telecom segments in India and overseas markets. He is not related to any Directors, Manager or other Key Managerial Personnel of the company.
Corporate Developments
Convertible Warrants: The company had approved allotment of up to 20,13,885 convertible warrants at ₹864 each (aggregating ₹173.99 crore) during FY26. The company received 25% upfront money of ₹43.50 crore on June 23-24, 2025.
Demerger Scheme: On June 10, 2026, the Board approved a Scheme of Arrangement for demerger of the Space, Meteorology and Hydrology Business of the Company into Astra Space Technologies Private Limited on a going concern basis. The scheme has been filed with BSE and NSE for their No Objection and will become effective after receiving all requisite approvals. No effect of the scheme has been given in the current financial results.
Labour Codes: The company noted the notification of four labour codes by the Government of India on November 21, 2025. Based on management's evaluation, the estimated impact on existing obligations is not material.
Annual General Meeting
The 35th Annual General Meeting will be held on Friday, September 18, 2026, at 3:00 PM through Video Conferencing or Other Audio Visual Means.
Auditor Review
The financial results were reviewed by Price Waterhouse Chartered Accountants LLP (Firm Registration Number: 012754N/N500016), who concluded that the results are prepared in accordance with applicable accounting standards and contain no material misstatement.
The consolidated results include entities: Astra Defence Technologies Private Limited, Aelius Semiconductors Pte. Ltd, Astra Space Technologies Private Limited, Astra Rafael Comsys Private Limited (joint venture), Navictronics Private Limited (joint venture), and Janyu Technologies Private Limited (associate).
Board Meeting Details
The Board meeting commenced at 11:30 AM and concluded at 1:00 PM on August 10, 2026.