Date: August 10, 2026

Financial Performance Summary

Standalone Results (Q1 FY27 vs Q1 FY26)

  • Revenue from Operations: ₹176 crores (vs ₹197 crores in Q1 FY26), representing a decrease of 10.7% Year-over-Year (YoY)
  • EBITDA: ₹33 crores (vs ₹38 crores in Q1 FY26), representing a decrease of 13.7% YoY
  • EBITDA Margin: 18.8% (vs 19.5% in Q1 FY26)
  • PAT: ₹10 crores (vs ₹13 crores in Q1 FY26), representing a decrease of 24.4% YoY
  • PAT Margin: 5.6% (vs 6.6% in Q1 FY26)
  • Full Year FY26 Revenue: ₹1,156 crores
  • Full Year FY26 EBITDA: ₹324 crores
  • Full Year FY26 EBITDA Margin: 28.0%
  • Full Year FY26 PAT: ₹178 crores
  • Full Year FY26 PAT Margin: 15.4%

Consolidated Results (Q1 FY27 vs Q1 FY26)

  • Revenue from Operations: ₹177 crores (vs ₹200 crores in Q1 FY26), representing a decrease of 11.5% YoY
  • EBITDA: ₹33 crores (vs ₹41 crores in Q1 FY26), representing a decrease of 19.3% YoY
  • EBITDA Margin: 18.7% (vs 20.5% in Q1 FY26)
  • PAT: ₹12 crores (vs ₹16 crores in Q1 FY26), representing a decrease of 24.0% YoY
  • PAT Margin: 7.0% (vs 8.1% in Q1 FY26)
  • Full Year FY26 Revenue: ₹1,163 crores
  • Full Year FY26 EBITDA: ₹334 crores
  • Full Year FY26 EBITDA Margin: 28.7%
  • Full Year FY26 PAT: ₹193 crores
  • Full Year FY26 PAT Margin: 16.6%

Operational Highlights

Geographical Revenue Mix (Standalone)

  • India: 95%
  • Exports: 5%

Order Book Position (as on June 30, 2026)

  • Standalone Order Book: ₹2,156 crores
  • Consolidated Order Book: ₹2,849 crores
  • Orders Received During Q1 FY27: ₹194 crores

Significant Contract Announcement

In July 2026 (post-quarter), the company secured a significant order worth ₹2,205 crores from Hindustan Aeronautics Limited (HAL) for the procurement of:

  • 122 AAAU (Advanced Antenna Array Units)
  • 121 Interface Frames

for the Uttam Radar program.

This single order value exceeds the company's total standalone order book as of June 30, 2026 (₹2,156 crores).

Management Commentary

Mr. S G Reddy, Managing Director, commented:

  • Q1 FY27 was a "decent start for the year" with standalone revenue of ₹176 crores
  • Revenue primarily driven by execution of domestic defence production orders, followed by orders from space, exports, meteorology and other applications
  • The significant HAL order reflects "long-standing trust placed in our capabilities, technology and execution track record in the defence sector"
  • Company sees "healthy progress across our key programmes" and remains "confident in our growth trajectory"

Financial Guidance

  • Targeting topline growth of 10% to 15% year-on-year
  • Commitment to maintaining a healthy bottom line
  • With the addition of the significant HAL order, the company sees "substantial long-term opportunities ahead"
  • Focus remains on leveraging capabilities, strengthening execution, and delivering sustainable long-term growth

Company Background

Astra Microwave Products Limited is engaged in designing, developing and manufacturing Defence, Aerospace & Space Electronics systems, subsystems and components. The company holds various certifications including AS9100D, BS EN ISO 9001:2015, ISO27001:2013, ISO9001:2015, ISO14001:2015, ISO45001:2018, and ISO/IEC17025:2017.