ASTRAMICRO / Q1-FY26 / claim-ledger

Audit the questions that mattered.

Astra Microwave Products · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ1-FY26 · 2025-08-14Back to quarter ↗

Questions audited

12

Answered directly

46%

Numeric claims

1

Consistency

contradicted

Question ledger

What was answered, and how?

Amit Dshit · Goldman Sachs

partial

Clarify if 800 cr order inflow is residual or total, and segment breakup.

Regarding this order book of 800 crores, this we have referred in case of our joint venture company and it is expected to book additional 800 crores of orders during this financial year.

Amit Dshit · Goldman Sachs

evasive

Status of Utam radar order, expected timing and quantum.

We are not in a position to tell when and how much quantity can be inducted in phase one. We are expecting at least 10 to 12 numbers for which LSP has been given. Maybe next 3 to 4 months we'll be in a position to inform you exactly.

Amit Dshit · Goldman Sachs

direct

Expected order inflow for the main company this year.

For Astra we have given guidance of around 1,300 to 1,400 crores out of which we have booked around 260 crores as on date. We are quite confident to book another 1,100 or so by March 26.

Nirj Mana · White Pine Investment Management

declined

Value of the order for Virupaksha radar.

Value I cannot mention in the open discussion but we have received two members of AAU. We received this contract and we started execution.

Nirj Mana · White Pine Investment Management

evasive

Potential opportunity from anti-drone programs.

The very paradigm of warfare has changed. We expect massive potential. In 6 months we have participated in more than three dozen RFIs. It speaks volumes about the potential. We don't know who will get what kind of orders.

Nirj Mana · White Pine Investment Management

partial

Details on ground penetrating radar and ship-based radar programs.

Shipborne radar development contract is in final stage, likely to complete by December 2025. Ground penetrating radar prototype done, engineering model in next couple of months, likely to book orders by March 26.

Rupesh Tatya · Shri Rama Managers PMS

partial

Details on X-band seeker: missile program, stage, and potential quantity.

We have already delivered to DRDO, successfully qualified, got follow-on order. Cannot give names due to confidentiality. Potential is huge, expecting more than 50 to 60 numbers in next 2 to 3 years.

Rupesh Tatya · Shri Rama Managers PMS

partial

Competition and our right to win in Virupaksha radar.

We have received AAU contract in competitive tender. We are also developing AAU in plank version. We are there in both versions. AAU is 55 to 65% of the radar value.

Rupesh Tatya · Shri Rama Managers PMS

direct

Our involvement in BEL's 2000 cr air defense fire control radar contract.

Yes, we are part of this program. We supplied almost 50 to 60% of subsystems like TR modules. We are likely to get orders very soon by next couple of quarters.

Parag Bhya · Sukrit Investments Private Limited

partial

Status of SDR trial for JV ARC and timeline for winning bid.

ERC is qualified in initial trials. Final trials are going to happen soon. We are confident of getting through. This year before March 26 we should have three major contracts in place, totaling around $100 million.

Ajit Si · Echo Quantum Solution

direct

Revenue growth target for FY26 and next 2 years, and expected profitability.

We are expecting growth of around 18 to 20% year on year and profitability we are trying to maintain same profit. Profit margins will still remain comfortable. There will be slight improvement.

Cayor Kumar · Nvesh Shai

evasive

Opportunity in space vertical: ground stations and satellite building.

We are focusing on both ground stations and satellite building. We have started building small satellites for LEO orbit. In future we are trying to take up constellations with consortium partners.