Astra Microwave Products reported a year-on-year decline in key financial metrics for the quarter ended June 30, 2026, with both standalone and consolidated net profit, revenue, and operating profitability contracting compared to the same period last year. The results were approved by the Board of Directors at its meeting held on August 10, 2026, alongside significant leadership changes at the company. The unaudited financial results were subsequently published on August 11, 2026 in Business Standard (English daily – All editions) and Nava Telangana (Telugu daily – Hyderabad edition), in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q1FY27 Standalone Financial Performance

On a standalone basis, Astra Microwave posted revenue from operations of ₹17,620.54 lakhs for Q1FY27, down from ₹19,725.70 lakhs in Q1FY26. Total income declined to ₹17,862.06 lakhs from ₹19,979.42 lakhs in the year-ago period. Net profit for the quarter stood at ₹982.25 lakhs, compared to ₹1,299.62 lakhs in the corresponding quarter of the previous year. Profit before tax came in at ₹1,316.20 lakhs, against ₹1,725.29 lakhs in Q1FY26. Basic earnings per share stood at ₹1.03, down from ₹1.37 YoY.

The following table presents the key standalone financial metrics for Q1FY27 on a year-on-year basis:

Q1FY27 Consolidated Financial Performance

On a consolidated basis, revenue from operations for Q1FY27 stood at ₹17,666.22 lakhs, compared to ₹19,972.50 lakhs in Q1FY26. Total consolidated income was ₹17,905.38 lakhs, down from ₹20,224.04 lakhs in the year-ago quarter. Consolidated net profit for the period came in at ₹1,234.83 lakhs, against ₹1,627.38 lakhs in Q1FY26. Profit before tax on a consolidated basis was ₹1,573.40 lakhs, compared to ₹2,107.47 lakhs in the same quarter last year. The share of profit from joint ventures and associates was ₹298.10 lakhs for the quarter. Basic consolidated EPS stood at ₹1.30, versus ₹1.71 in Q1FY26.

Order Book and Key Developments

As of June 30, 2026, the standalone order book stood at ₹2,156.44 crores, including ₹258.03 crores pertaining to service orders. Orders booked during the period from April 1, 2026 to June 30, 2026 were ₹194.28 crores. On a consolidated basis, the order book stood at ₹2,849.09 crores, including ₹243.67 crores pertaining to service orders, with orders booked during the same period amounting to ₹431.91 crores.

The Board also approved a Scheme of Arrangement on June 10, 2026, for the demerger of the Space, Meteorology and Hydrology Business of the company into Astra Space Technologies Private Limited on a going concern basis. The scheme has been filed with BSE and the National Stock Exchange for their No Objection and will become effective upon receipt of all requisite approvals. No effect of the scheme has been given in the financial results for the quarter ended June 30, 2026, pending such approvals.

Leadership Transition

The company also announced a significant leadership change. Mr. S. Gurunatha Reddy (DIN: 00003828) will cease to be Managing Director and Director of the company with effect from the close of business hours on September 30, 2026, to oversee the ongoing demerger of the Space and Meteorology business. The Board, based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Dr. M. V. Reddy (DIN: 00421401), presently serving as Joint Managing Director, as Managing Director with effect from October 1, 2026. The appointment is for the balance period of his existing tenure, approved up to April 29, 2028, and is subject to shareholder approval at the ensuing Annual General Meeting. Dr. M. V. Reddy holds a Graduate degree in Engineering (Electronics) and a Post Graduate degree in Business Administration, and has 34 years of experience in Marketing and Business operations in the Defence, Space, and Telecom segments in India and overseas markets. The company also announced that its 35th Annual General Meeting will be held on September 18, 2026, at 3:00 P.M. through Video Conferencing or Other Audio Visual Means.

Astra Microwave Products Limited will host its earnings call on Tuesday, August 11, 2026, at 10:00 AM IST to discuss its operational and financial performance for the first quarter of fiscal year 2027. The event provides analysts and investors with a direct channel to review the company’s latest quarterly results and strategic updates.

The announcement was made pursuant to Regulation 30 read with Part A of Schedule III and Regulation 46(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed the schedule to the Bombay Stock Exchange and the National Stock Exchange of India Limited on August 5, 2026.

Senior leadership will lead the discussion, offering insights into the company’s recent business developments. Key participants include S. G. Reddy, Managing Director; Dr. M. V. Reddy, Joint Managing Director; and Atim Kabra, Director of Strategy and Business Development.

Earnings Call Details

Investors are required to pre-register for the call using the link provided on the company’s website. The session is accessible via local access numbers in India as well as toll-free lines in the USA, UK, Singapore, and Hong Kong.

Participation and RSVP

The invitation was extended by Strategic Growth Advisors Pvt. Ltd., which is managing the registration process. Interested parties can contact Shikha Puri or Dharmik Kansara for further assistance regarding participation logistics.