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Revenue
₹260 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
₹80 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Astra Microwave delivered its best-ever quarter with standalone revenue of ₹258 crore and EBITDA margin of 30.9%, driven by favorable revenue mix and strong execution. PAT stood at ₹39 crore. The order book crossed ₹2,226 crore, providing multi-year visibility. Management reaffirmed FY26 revenue guidance of ~₹1,150 crore (10% growth) and order inflows of ₹1,300-1,400 crore. For FY27, they guided 15% revenue growth and order book of ₹1,500+ crore. Long-term, they expect to more than double turnover in 3-4 years, targeting ₹7,500+ crore in cumulative sales over four years. Key wins included Doppler weather radars and EW subsystems. Risks include execution delays due to complex R&D programs and working capital intensity, though management highlighted sovereign receivables and customer advances (25% of gross receivables) mitigate concerns.
Colored figures show movement against the previous available record.
Guidance to track
- Management reaffirmed 10% top-line growth for FY26, with confidence in achieving ₹1,150 crore revenue.
- Order inflows expected to be in the range of ₹1,300-1,400 crore for FY26, with Q4 alone expected to contribute ₹550-600 crore.
- For FY27, management guided 15% revenue growth and order book of ₹1,500 crore plus, with healthy bottom line.
- Management expects to more than double turnover from current levels by FY29-30, with cumulative sales of ₹7,500+ crore over four years.
Risks flagged
- Complex R&D projects have faced iterations and delays due to customer approvals and design reviews, impacting revenue timing.
- High inventory and receivables are inherent due to long gestation cycles and advance procurement; though mitigated by sovereign credit and advances.
- Order inflows are lumpy and dependent on government budget cycles and price negotiations, which can cause quarterly volatility.
- High foreign content in orders exposes margins to rupee depreciation; management hedges but risk remains.
Key quotes
- We view our business in blocks of three to four years not on a quarterly basis not an annual basis as there is a significant step up which happens in terms of our technical capabilities.
- We are not here for a quarterly review. This business, we take a 3 to four year view.
- We are confident of a bagging or maybe around 8,000 crores for the execution in this particular front because in that many of the programs which are we are single or only approved qualified company.
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