Astra Microwave Products Limited , a leading player in the design and manufacture of defense, aerospace, and space electronics systems, has reported robust financial results for the first quarter of fiscal year 2026 and announced plans for strategic investments in advanced defense technologies.

Q1 FY26 Financial Highlights

The company's standalone financial results for Q1 FY26 show significant growth:

• Revenue increased by 28.1% year-over-year to Rs. 197.00 crores
• EBITDA grew by 65.3% to Rs. 38.00 crores, with margins expanding from 15.1% to 19.5%
• Net profit more than doubled, surging 148.1% to Rs. 13.00 crores

On a consolidated basis, Astra Microwave's performance was equally impressive:

• Revenue rose by 28.7% to Rs. 200.00 crores
• EBITDA jumped 70.6% to Rs. 41.00 crores, with margins improving from 15.5% to 20.5%
• Net profit increased by 126.2% to Rs. 16.00 crores

Strategic Investments in Advanced Defense Systems

Astra Microwave has announced plans to invest in advanced radar, electronic warfare, and communication systems. The company aims to leverage the Indian government's 'Make in India' defense initiatives while expanding its global presence to achieve steady growth.

Strong Order Book and Recent Contract

As of June 30, 2025, Astra Microwave's standalone order book stood at Rs. 1,891.00 crores, providing clear revenue visibility. The company received new orders worth Rs. 138.00 crores during Q1 FY26.

Notably, in August 2025, Astra Microwave secured a significant Rs. 135.00 crore order from the Defence Research and Development Organisation (DRDO) for radar system upgradation, highlighting its technological leadership in advanced defense solutions.

Management Commentary

Mr. S. G. Reddy, Managing Director of Astra Microwave Products Limited, commented on the company's performance: "We had a stellar start to the fiscal, with solid execution, operational efficiencies, and a favorable business environment driving margin expansion across all profitability metrics. We see significant opportunities in areas like QRSAM, missiles, space, among others."

Corporate Governance Updates

The company has made several key announcements related to corporate governance:

1. Appointment of M/s. L.D. Reddy & Co. as Secretarial Auditors for a term of 5 years, subject to shareholder approval.
2. Proposed alterations to the Memorandum and Articles of Association, to be approved at the upcoming Annual General Meeting.
3. The 34th Annual General Meeting is scheduled for September 17, 2025, to be held through video conferencing.
4. Continuation of Mr. Prakash Anand Chitrakar as a Non-executive Director beyond the age of 75, subject to shareholder approval.

Conclusion

Astra Microwave Products Limited's strong Q1 FY26 results, coupled with its strategic focus on advanced defense systems and a healthy order book, position the company well for continued growth in the defense and aerospace electronics sector. The management's optimism about future opportunities in key areas like QRSAM, missiles, and space technologies further underscores the company's potential for expansion in the coming years.

Astra Microwave Products Limited , a leading player in the defence and aerospace electronics sector, has reported robust financial performance for the first quarter of fiscal year 2026, alongside several significant corporate developments.

Strong Financial Performance

The company's standalone revenue for Q1 FY26 surged by 28.1% year-on-year to Rs 197.00 crores, up from Rs 154.00 crores in the same quarter last year. This growth was accompanied by substantial improvements across all profitability metrics:

The consolidated results mirrored this strong performance, with revenue growing by 28.7% year-on-year to Rs 200.00 crores and net profit rising by 126% to Rs 16.00 crores.

Healthy Order Book

As of June 30, 2025, Astra Microwave's standalone order book stood at Rs 1,890.95 crores, providing clear revenue visibility. The company secured new orders worth Rs 137.80 crores during the quarter. On a consolidated basis, the order book was even more robust at Rs 2,236.19 crores.

Key Corporate Developments

The company announced several important corporate initiatives:

1. Secretarial Auditor Appointment: M/s. L.D. Reddy & Co., Practicing Company Secretaries, has been appointed as the Secretarial Auditor for a term of five consecutive financial years, from FY 2025-26 to FY 2029-30, subject to shareholder approval.

2. Memorandum and Articles of Association: The Board has approved alterations to the Memorandum of Association and replacement of the existing Articles of Association, aligning them with the Companies Act, 2013. These changes are subject to shareholder approval.

3. Annual General Meeting: The 34th Annual General Meeting is scheduled for September 17, 2025, to be held via video conferencing.

4. Director Continuation: The Board has recommended the continuation of Mr. Prakash Anand Chitrakar as a Non-Executive Director beyond the age of 75 years, subject to shareholder approval.

5. Preferential Issue: The company received Rs 43.50 crores as upfront money for a preferential issue of convertible warrants, representing 25% of the total issue proceeds of Rs 173.99 crores.

Management Commentary

Mr. S G Reddy, Managing Director of Astra Microwave Products Limited, commented on the results: "We had a stellar start to the fiscal, with solid execution, operational efficiencies, and a favorable business environment driving margin expansion across all profitability metrics." He also highlighted a significant Rs 135.00 crore order from DRDO for radar system upgradation received in August, showcasing the company's technological leadership in advanced defence solutions.

Future Outlook

With a strong order book and recent corporate developments, Astra Microwave Products is well-positioned to capitalize on opportunities in areas such as QRSAM, missiles, space, and other defence and aerospace sectors. The company's focus on research and development, coupled with its strategic initiatives, sets a positive tone for future growth and expansion in the high-tech defence electronics market.