Astra Microwave Products Reports Strong H1 FY26 Performance with 7.2% Revenue Growth

Astra Microwave Products Limited , a leading player in the design and manufacturing of Defence, Aerospace & Space Electronics systems, has announced its unaudited financial results for the second quarter and first half of fiscal year 2026, ending September 30, 2025.

Key Financial Highlights (Standalone)

Particulars (Rs. in Cr)	Q2 FY26	Q2 FY25	YoY Change	H1 FY26	H1 FY25	YoY Change
Revenue from Operations	213.00	229.00	-6.9%	410.00	383.00	7.2%
EBITDA	46.00	49.00	-5.5%	85.00	72.00	17.3%
EBITDA Margin	21.7%	21.4%	-	20.6%	18.8%	-
PAT	21.00	24.00	-15.3%	34.00	30.00	13.5%
PAT Margin	9.7%	10.7%	-	8.2%	7.8%	-

Operational Highlights

The standalone order book stood at Rs. 1,916.00 crores as of September 30, 2025.
Orders received during the quarter amounted to Rs. 238.00 crores.
Geographical spread for Q2 FY26: India – 85.8% and Exports – 14.2%
Geographical spread for H1 FY26: India – 87.8% and Exports – 12.2%

Consolidated Performance

Particulars (Rs. in Cr)	Q2 FY26	Q2 FY25	YoY Change	H1 FY26	H1 FY25	YoY Change
Revenue from Operations	215.00	230.00	-6.5%	414.00	385.00	7.7%
EBITDA	48.00	49.00	-2.8%	89.00	73.00	21.2%
EBITDA Margin	22.3%	21.4%	-	21.4%	19.0%	-
PAT	24.00	25.00	-5.9%	40.00	33.00	23.3%
PAT Margin	11.1%	11.1%	-	9.7%	8.5%	-

The consolidated order book reached Rs. 2,209.00 crores as of September 30, 2025.

Management Commentary

Mr. S G Reddy, Managing Director of Astra Microwave Products Limited, commented on the performance: "In H1FY26, we delivered a strong half-yearly performance with improvement in revenues accompanied by margin expansion driven by a favorable revenue mix. The company delivered standalone revenues of Rs. 410.00 crores with EBITDA margin of 20.6% and PAT margin of 8.2%."

He further highlighted the company's recent achievements: "We are very proud that recently we contributed to ISRO's CMS-03 satellite, the heaviest communication satellite ever launched from Indian soil, marking a significant milestone in India's space history. During our 25+ years of engagements in the Indian Space programmes, we have been part of multiple such missions."

Recent Developments

In October 2025, Astra's joint venture company, Astra Rafael Comsys Pvt. Ltd., secured an order worth Rs. 286.00 crores from the Ministry of Defence for supplying advanced communication systems to the Indian Air Force's Special Forces.
The company continues to receive repeat orders for Software Defined Radio (SDR) requirements from multiple defence agencies.
Astra Microwave Products is aligning its strategy with India's 15-year defence sector roadmap, which focuses on greater indigenization, adoption of next-generation communication and warfare systems, and development of anti-drone technologies.

Outlook

The company remains optimistic about its future prospects, citing India's increasing focus on defence exports and R&D investments. These trends align with Astra's vision to strengthen its role in India's defence and aerospace growth.

About Astra Microwave Products Limited

Established in 1991, Astra Microwave Products Limited has grown substantially, continuously investing in infrastructure, captive test facilities, and other resources. The company's product portfolio spans across Defence, Aerospace & Space Electronics systems, sub-systems, and components. Astra has various certifications, including AS9100D & BS EN ISO 9001:2015, ISO27001:2013, ISO9001:2015, ISO14001:2015, ISO45001:2018, and ISO/IEC17025:2017.

With its diverse range of microwave products and significant contributions to India's space program, Astra Microwave Products Limited continues to be a key player in the defence and aerospace electronics sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.87%	-4.58%	-9.40%	-7.75%	+34.97%	+829.43%

Astra Microwave Products Limited , a key player in the Defence, Aerospace & Space Electronics systems sector, has announced its financial results for the second quarter of fiscal year 2026, showcasing a mixed performance with improved profitability despite a slight revenue decline.

Financial Highlights

For Q2 FY26, Astra Microwave Products reported:

Metric	Q2 FY26	Q2 FY25	YoY Change
Revenue	₹213.00 crore	₹229.00 crore	-6.9%
EBITDA	₹46.00 crore	₹49.00 crore	-5.5%
EBITDA Margin	21.7%	21.4%	+30 bps
PAT	₹21.00 crore	₹24.00 crore	-15.3%
PAT Margin	9.7%	10.7%	-100 bps

Half-Yearly Performance

The company's performance for the first half of FY26 shows positive growth:

Metric	H1 FY26	H1 FY25	YoY Change
Revenue	₹410.00 crore	₹383.00 crore	+7.2%
EBITDA	₹85.00 crore	₹72.00 crore	+17.3%
EBITDA Margin	20.6%	18.8%	+180 bps
PAT	₹34.00 crore	₹30.00 crore	+13.5%
PAT Margin	8.2%	7.8%	+40 bps

Operational Insights

The company maintains a strong order book of ₹1,916.00 crores as of September 30, 2025.
New orders received during Q2 FY26 amounted to ₹238.00 crores.
Geographical revenue split for Q2 FY26: India - 85.8%, Exports - 14.2%.

Management Commentary

Mr. S G Reddy, Managing Director of Astra Microwave Products Limited, commented on the performance: "In H1FY26, we delivered a strong half-yearly performance with improvement in revenues accompanied by margin expansion driven by a favorable revenue mix. The company delivered standalone revenues of Rs. 410 crores with EBITDA margin of 20.6% and PAT margin of 8.2%."

He further highlighted the company's recent achievements and future outlook: "We are very proud that recently we contributed to ISRO's CMS-03 satellite, the heaviest communication satellite ever launched from Indian soil, marking a significant milestone in India's space history. Our JV company, Astra Rafael Comsys Pvt. Ltd., secured an order worth Rs. 286 crores from the MoD for the supply of advanced communication systems to the Indian Air Force's Special Forces."

Market Position and Future Prospects

Astra Microwave Products is well-positioned to capitalize on India's growing defence sector. The company's diverse product portfolio, designed for various Defence and Space applications, aligns with the country's 15-year roadmap for greater indigenization and adoption of next-generation communication and warfare systems.

The company's focus on exports and R&D investments is in line with its vision to strengthen its role in India's defence and aerospace growth. With a strong order book and strategic partnerships, Astra Microwave Products is poised for continued growth in the coming quarters.

Investors and stakeholders will be watching closely to see how the company leverages its technological capabilities and market position to drive future growth and profitability.