ASTRAMICRO / Q4-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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PositiveQ4-FY26 · 2026-05-15Back to quarter ↗

Questions audited

11

Answered directly

68%

Numeric claims

6

Consistency

contradicted

Question ledger

What was answered, and how?

Amit Pigshit · Goldman Sachs

partial

Can EBITDA margin trajectory strengthen further given rising space and export share?

these exports are different from the earlier offset based exports... the gross margin will be close to about 40% kind of thing in these exports.

Amit Pigshit · Goldman Sachs

evasive

Will margin trajectory strengthen year-on-year or at least sustain?

Yes. Yes. Uh as far as the AS is concerned uh we have a order book... going forward for next two 2 3 years we have a clear visibility to have a good growth.

Amit Pigshit · Goldman Sachs

evasive

What is the business size from Sukhoi upgrade (radar and ASPJ pods)?

we have been developing uh triple AU with the DRDO and uh we are the part of the Viru Pakia program... we are the DCPP one of the DCPPP uh as you are aware that they selected two DCPP we are one among them

Vikas Singh · ICICI Securities

direct

What capex is needed to achieve revenue triple guidance?

In terms of the capex uh as you know every year know we are augmenting the existing uh requirements by spending close to about 40 50 crores. So that will continue.

Vikas Singh · ICICI Securities

direct

How should we look at margin mix given space order book shrunk?

the reduction in the space order book or overall space contribution to the sales of the company should not have any negative impact in terms of the overall margins.

Vikas Singh · ICICI Securities

evasive

Can we assume margins will be higher than historical levels?

We feel that uh we should be doing very well by sustaining the current margins achieved by the company not only in terms of the gross margin but also in terms of various profit margins.

Vikas Singh · ICICI Securities

partial

What is the dependency on MMIC and in-house sourcing percentage?

as of now we have not encountered any issue and uh that production and as well as development is going very smooth... most of the active devices we are sourcing out from our in-house MMIC division

Sanjie Zaberti · Antique Stock Broking

direct

What is the updated addressable market for next two years?

the total accessible market is remain same but only there is a shift in the uh year... instead of fi 28 29 may go up to 3031.

W Modi · Swan Investments

direct

What is the timeline and drivers for tripling revenue?

we are expecting uh at least next you know down the line 3 to four years uh to triple the uh revenue or maybe you can say up to FI 30 to 31

W Modi · Swan Investments

direct

What is the current order book?

we have order book of 2141. Uh this is the order book. Uh standalone order book Astra.

Balas Subramanim · Aryand Capital Markets

direct

What is the margin difference between BTP and design-led exports?

it is around 45 uh% uh as compared to the uh singledigit figure in the BTP business.

Balas Subramanim · Aryand Capital Markets

direct

Why is JV profit only 1 crore despite earlier guidance of 350 cr revenue?

the share of profit from the JV for the entire year is closed about 8 crores after tax.