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ASTRAMICRO Diversified 14 Aug 2025

Astra Microwave Products Limited — Q1 FY26

Astra Microwave reported a strong Q1 FY26 with standalone revenue of ₹197 crore, up 28.1% YoY, driven by robust execution in defense and space segments.

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Revenue ₹197 Cr +28.1%
EBITDA
PAT
EBITDA Margin
Duration 60 min
Read Time 1 min read

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2-Minute Summary

✦ AI-Generated from Full Transcript

Astra Microwave reported a strong Q1 FY26 with standalone revenue of ₹197 crore, up 28.1% YoY, driven by robust execution in defense and space segments. The order book stands at ₹1,891 crore, providing multi-quarter visibility. Management highlighted significant opportunities in the Virupaksha radar program (potential 2x current turnover), anti-drone systems (participating in 36+ RFIs), and weather radars under Project Mausam. The JV ARC expects $100M orders by March 2026. Guidance: 18-20% revenue growth with stable margins. Risk: Delays in Utam radar induction could impact near-term order inflows.

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Utam radar induction delays

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Quarter Snapshot

Order Book (Standalone) ₹1,891 Cr
+28% YoY

Order book as of June 30, 2025, providing strong revenue visibility for coming quarters.

ARC JV Order Inflow Target $100M
New target

ARC JV expects to book $100M in orders before March 2026, including SDR contracts.

Anti-Drone RFI Participation 36+
New metric

Astra has participated in over three dozen RFIs for anti-drone systems, indicating strong market traction.

Space Order Book ₹239 Cr
New metric

Space segment order book includes high-complexity components and subsystems for satellites.

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Guidance and risk preview

Top guidance Revenue growth of 18-20% YoY for FY26

Management expects standalone revenue to grow 18-20% year-on-year, driven by strong order book and execution.

Top risk Utam radar induction delays

HAL is increasing imports due to delays in DRDO trials; Astra may not receive orders for Utam radar in the near term.

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