Astra Microwave Products Reports Q3FY26 Results with Rs. 258 Cr Revenue, CFO Transition
Astra Microwave Products Limited announced Q3FY26 results showing steady performance with standalone revenue of Rs. 258 crores and improved EBITDA margin of 30.9%. The company demonstrated strong nine-month performance with revenue of Rs. 668 crores and maintains robust order book of Rs. 2,226 crores standalone and Rs. 2,566 crores consolidated, while transitioning leadership with appointment of new CFO Srinivasarao Devathi.

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Astra Microwave Products Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company demonstrated solid operational performance with margin expansion across both standalone and consolidated metrics while announcing a significant leadership transition in its finance function.
Standalone Financial Performance
The company's standalone operations showed robust performance during Q3FY26. Revenue from operations reached Rs. 258 crores for the quarter, representing a marginal growth of 0.6% year-on-year. EBITDA stood at Rs. 80 crores with an improved margin of 30.9% compared to 29.1% in the previous year. Net profit was Rs. 39 crores, maintaining a healthy PAT margin of 15.1%.
| Metric: | Q3FY26 | Q3FY25 | YoY Growth | 9MFY26 | 9MFY25 | YoY Growth |
|---|---|---|---|---|---|---|
| Revenue from Operations: | Rs. 258 Cr | Rs. 257 Cr | 0.6% | Rs. 668 Cr | Rs. 639 Cr | 4.5% |
| EBITDA: | Rs. 80 Cr | Rs. 75 Cr | 7.1% | Rs. 165 Cr | Rs. 147 Cr | 12.1% |
| EBITDA Margin: | 30.9% | 29.1% | - | 24.6% | 22.9% | - |
| PAT: | Rs. 39 Cr | Rs. 39 Cr | 0.7% | Rs. 73 Cr | Rs. 68 Cr | 6.3% |
| PAT Margin: | 15.1% | 15.0% | - | 10.9% | 10.7% | - |
For the nine-month period, the company achieved revenue of Rs. 668 crores with strong growth of 4.5% year-on-year. The geographical revenue mix showed India contributing 88.1% and exports accounting for 11.9% during the nine-month period.
Consolidated Results and Order Book
On a consolidated basis, the company's performance included contributions from subsidiaries and joint ventures. Consolidated revenue from operations for Q3FY26 was Rs. 260 crores with year-on-year growth of 0.7%. EBITDA margin improved to 31.7% from 29.5% in the previous year, while PAT stood at Rs. 47 crores.
| Parameter: | Q3FY26 Consolidated | Q3FY25 Consolidated | YoY Growth |
|---|---|---|---|
| Revenue from Operations: | Rs. 260 Cr | Rs. 259 Cr | 0.7% |
| EBITDA: | Rs. 83 Cr | Rs. 76 Cr | 8.3% |
| EBITDA Margin: | 31.7% | 29.5% | - |
| PAT: | Rs. 47 Cr | Rs. 47 Cr | -1.3% |
The company maintains a strong standalone order book of Rs. 2,226 crores as of December 31, 2025, while the consolidated order book stands at Rs. 2,566 crores. During the quarter, the company secured new orders worth Rs. 476 crores.
Management Commentary and Strategic Outlook
Commenting on the performance, Mr. S G Reddy, Managing Director, highlighted the company's strongest-ever nine-month performance across profitability metrics. He emphasized the margin expansion driven by favorable revenue mix and disciplined execution. The management reaffirmed growth targets for FY26, comprising approximately 10% to 15% growth in topline and similar growth in bottom-line, with order inflows expected in the range of Rs. 1,300 crore to Rs. 1,400 crore.
The company's collaboration with Bharat Electronics Limited was noted as an important step in strengthening relationships with defence PSUs. Key orders were also secured by joint venture Astra Rafael Comsys, reinforcing its importance in serving defence communication and electro optics segment requirements.
Leadership Transition
The Board of Directors meeting held on February 12, 2026, approved significant changes in senior management. Mr. Rahul Rungta ceased to be the Chief Financial Officer with effect from February 11, 2026, and has been appointed as CFO at Astra Space Technologies Private Limited, a wholly owned subsidiary.
| Position Details: | Outgoing CFO | Incoming CFO |
|---|---|---|
| Name: | Mr. Rahul Rungta | Mr. Srinivasarao Devathi |
| Effective Date: | February 11, 2026 | February 12, 2026 |
| New Role: | CFO at Astra Space Technologies | CFO at Astra Microwave Products |
| Experience: | - | 22+ years in Finance & Accounts |
Mr. Srinivasarao Devathi, a Chartered Accountant with over 22 years of experience in Finance & Accounts operations, has been appointed as the new Chief Financial Officer and Key Managerial Personnel with effect from February 12, 2026.
Historical Stock Returns for Astra Microwave Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.01% | -4.71% | -8.03% | -8.89% | +32.56% | +657.20% |


































