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.
ASTRAMICRO / Q1-FY26 / risks
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Astra Microwave Products · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Competition in Virupaksha radar subsystems
Other companies have won some subsystems (e.g., multi-channel exciter receiver), and Astra's share depends on technology selection.
Dependence on government defense spending
While the defense budget is increasing, any slowdown or reallocation could impact order inflows.