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Revenue
₹200 Cr
verified against source
Revenue YoY
28.1%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
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.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects standalone revenue to grow 18-20% year-on-year, driven by strong order book and execution.
- Margins expected to be maintained or slightly improved from last year, aided by focus on domestic business and reduction of BTP orders.
- The joint venture ARC is expected to secure approximately $100 million in orders before the end of FY26, including SDR contracts.
- R&D team is on track to deliver three new radars within the next 12 months, targeting both domestic and global markets.
Risks flagged
- HAL is increasing imports due to delays in DRDO trials; Astra may not receive orders for Utam radar in the near term.
- Other companies have won some subsystems (e.g., multi-channel exciter receiver), and Astra's share depends on technology selection.
- While the defense budget is increasing, any slowdown or reallocation could impact order inflows.
Key quotes
- We are expecting close to $100 million worth of orders before March 26.
- Virupaksha can itself result in a business which is more than twice our entire turnover when productization commences.
- We have participated in more than three dozen RFIs for anti-drone systems in just 6 months.
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