Summary of Key Information:
Reporting Period: Quarter and Half Year ended September 30, 2026 (Q2 FY27)
Nature of Filing / Announcement: Regulation 33 of SEBI (LODR) Regulations, 2015 - Financial Results
Date of Board Meeting / Approval: November 12, 2026 (10:30 AM to 12:15 PM)
Audit Opinion: Unqualified - Limited Review Report
Auditor's Comment: Nothing came to attention causing belief that financial results were not prepared in all material respects in accordance with Ind AS 34 and other accounting principles
Key Financial Highlights [All amounts in Rs. Lakhs]
Standalone Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹17,620.54 (vs. ₹26,093.40 in Q1 FY27, ₹21,295.73 in Q2 FY26)
- Total Income: ₹17,862.06
- Net Profit: ₹982.25 (vs. ₹4,690.51 in Q1 FY27, ₹2,070.23 in Q2 FY26)
- EPS: ₹1.03 (Basic), ₹1.02 (Diluted)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹43,713.94 (vs. ₹41,021.43 in H1 FY26)
- Total Income: ₹44,149.57
- Net Profit: ₹5,672.76 (vs. ₹3,369.85 in H1 FY26)
- EPS: ₹5.97 (Basic), ₹5.92 (Diluted)
Balance Sheet Position (Standalone as at September 30, 2026):
- Cash and Cash Equivalents: ₹12,168.11
- Other Bank Balances: ₹8,275.27
- Total Borrowings: ₹48,494.40 (Non-current: ₹7,335.48, Current: ₹41,158.92)
- Other Equity: ₹130,689.82
- Total Assets: ₹217,064.13
Consolidated Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹17,666.22
- Total Income: ₹17,905.38
- Net Profit: ₹1,234.83
- EPS: ₹1.30 (Basic), ₹1.29 (Diluted)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹43,946.71
- Total Income: ₹44,372.65
- Net Profit: ₹6,343.00
- EPS: ₹6.68 (Basic), ₹6.62 (Diluted)
Balance Sheet Position (Consolidated as at September 30, 2026):
- Cash and Cash Equiguivalents: ₹12,412.22
- Total Borrowings: ₹48,628.31 (Non-current: ₹7,418.86, Current: ₹41,209.45)
- Equity attributable to owners: ₹135,642.36
- Total Assets: ₹220,614.70
Segment-wise Performance:
The Company has only one business segment dealing in Radio Frequency & Microwave products. Segment-wise reporting is not applicable.
Corporate Actions:
- Paid-up Equity Share Capital: ₹1,898.90 lakhs (Face value ₹2 per equity share) remained unchanged
- Dividend: Not Specified
- Share Split/Buyback: Not Specified
Other Significant Information:
Order Book Position:
- Standalone order book: ₹3,937.00 crores as at September 30, 2026 (includes ₹251.53 crores service orders)
- Orders booked during April 01, 2026 to September 30, 2026: ₹2,230.48 crores
- Consolidated order book: ₹4,707.59 crores as at September 30, 2026 (includes ₹237.18 crores service orders)
- Consolidated orders booked during period: ₹2,647.34 crores
Convertible Warrants:
- Board (May 20, 2025) and shareholders (June 13, 2025) approved allotment of up to 20,13,885 convertible warrants at ₹864 each aggregating ₹173.99 crores
- Received 25% upfront money of ₹43.50 crores on June 23-24, 2025
Demerger Scheme:
- Board approved Scheme of Arrangement on June 10, 2026 for demerger of Space, Meteorology and Hydrology Business into Astra Space Technologies Private Limited
- Scheme to be effective after receipt of all requisite approvals under Companies Act, 2013 and SEBI regulations
- No effect given in current financial results pending approvals
Labour Codes Impact:
- Government notified four labour codes on November 21, 2025
- Management evaluated impact and concluded estimated impact on existing obligations is not material
- Company will monitor finalization of rules and recognise necessary accounting impact in due course