Astra Microwave Products Limited announced its audited financial results for the quarter and year ended March 31, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Standalone Financial Performance

Q4 FY26 Performance (YoY):

  • Revenue from Operations: ₹487 Crores (vs. ₹405 Crores in Q4 FY25), growth of 20.4%
  • EBITDA: ₹160 Crores (vs. ₹120 Crores in Q4 FY25), growth of 33.6%
  • EBITDA Margin: 32.8% (vs. 29.6% in Q4 FY25)
  • PAT: ₹105 Crores (vs. ₹75 Crores in Q4 FY25), growth of 40.3%
  • PAT Margin: 21.6% (vs. 18.6% in Q4 FY25)

FY26 Annual Performance (YoY):

  • Revenue from Operations: ₹1,156 Crores (vs. ₹1,044 Crores in FY25), growth of 10.7%
  • EBITDA: ₹324 Crores (vs. ₹266 Crores in FY25), growth of 21.6%
  • EBITDA Margin: 28.0% (vs. 25.5% in FY25)
  • PAT: ₹178 Crores (vs. ₹143 Crores in FY25), growth of 23.9%
  • PAT Margin: 15.4% (vs. 13.7% in FY25)

Geographical Spread

  • Q4 FY26: India 83.1%, Exports 16.9%
  • FY26: India 86.0%, Exports 14.0%

Order Book & Business Metrics

  • Standalone order book: ₹2,141 Crores as on March 31, 2026
  • Orders received during Q4 FY26: ₹403 Crores

Consolidated Financial Performance

Q4 FY26 Performance (YoY):

  • Revenue from Operations: ₹488 Crores (vs. ₹408 Crores in Q4 FY25), growth of 19.7%
  • EBITDA: ₹162 Crores (vs. ₹120 Crores in Q4 FY25), growth of 35.9%
  • EBITDA Margin: 33.3% (vs. 29.3% in Q4 FY25)
  • PAT: ₹106 Crores (vs. ₹73 Crores in Q4 FY25), growth of 44.2%
  • PAT Margin: 21.7% (vs. 18.0% in Q4 FY25)

FY26 Annual Consolidated Performance (YoY):

  • Revenue from Operations: ₹1,163 Crores (vs. ₹1,051 Crores in FY25)
  • EBITDA: ₹334 Crores (vs. ₹269 Crores in FY25)
  • EBITDA Margin: 28.7% (vs. 25.6% in FY25)
  • PAT: ₹193 Crores (vs. ₹154 Crores in FY25)
  • PAT Margin: 16.6% (vs. 14.6% in FY25)

Consolidated Business Metrics

  • Consolidated order book: ₹2,610 Crores as on March 31, 2026 (includes service orders of ₹231 Crores)

Dividend Declaration

  • Recommended a Dividend of ₹2.40 per equity share (120% on face value of ₹2 each) for FY 2025-26
  • Dividend subject to approval of members at the ensuing Annual General Meeting (AGM)

Management Commentary

Mr. S G Reddy, Managing Director, commented that FY26 was another strong year with record revenue, margin expansion, and favorable revenue mix. He highlighted:

  • EBITDA margin expanded by 250 bps to 28.0% for standalone operations
  • Q4 FY26 performance was record-breaking with 20.4% YoY revenue growth
  • The company reaffirms 10% to 15% topline growth target for FY27

Strategic Development

  • Board of Directors in principle approved the demerger of Space, Meteorology, and Hydrology business in Q4 FY26
  • Purpose: Create sharper strategic and operational focus for each business segment
  • Expected benefits: Dedicated management teams, sector-specific growth opportunities, enhanced governance and accountability, simplified corporate structure, clearer investment propositions for shareholders
  • Medium to long-term expectations: Focused growth, better capital allocation, and improved operational efficiency