Astra Microwave Products Limited , a key player in the Indian defense and space technology sector, has reported robust financial results for the second quarter, coupled with an ambitious growth roadmap for the coming years.

Q2 Performance Highlights

The company delivered a strong quarterly performance with standalone revenue reaching INR 213.00 crores. Notably, Astra Microwave achieved significant margin expansion, with EBITDA margin improving to 21.70%. This performance was backed by a solid order book of INR 1,916.00 crores as of September 30.

Financial Metrics

All financial figures in INR crores

The half-yearly standalone revenue showed a 7.20% year-on-year growth, reaching INR 410.00 crores. The company's profit after tax for the half-year grew by 13.50% compared to the same period last year.

Major Product Deliveries

During the quarter, Astra Microwave made significant product deliveries, including modules for:

• Ashlesha and Rohini radars
• 3D-CAR prime
• FLR (Forward-Looking Radar)
• MPR (Multi-Purpose Radar)
• HMR (High-Power Microwave Radar)
• SDR (Software Defined Radio)

Order Book and Business Outlook

As of September 30, Astra Microwave's standalone order book stood at INR 1,916.00 crores, while the consolidated order book reached INR 2,209.00 crores. This robust order book provides strong visibility for the coming quarters. The company secured a major order for the refurbishment of electronics for long-range radar, which is expected to open doors for similar opportunities in the future.

Ambitious Growth Vision

Astra Microwave's management unveiled an ambitious growth plan, targeting:

• Revenue of INR 1,400.00-1,500.00 crores by FY27
• Revenue of INR 2,250.00-2,500.00 crores by FY30

This growth is expected to be driven by major defense programs, including:

1. QRSAM (Quick Reaction Surface-to-Air Missile)
2. Uttam radars for Tejas aircraft
3. Su-30 EW (Electronic Warfare) suite upgrades
4. Virupaksha project

Strategic Focus Areas

The company is strategically transitioning from primarily supplying subsystems and components to delivering complete systems and integrated solutions. Key focus areas include:

1. Space technology: Leveraging existing capabilities to tap into the growing global space market.
2. Electronic Warfare (EW): Developing systems for airborne, naval, and ground applications.
3. Radar systems: Continuing to innovate and deliver advanced radar solutions.
4. Communication systems: Expanding capabilities in software-defined radios and other communication technologies.

Challenges and Opportunities

While the company faces challenges such as long product development cycles and intense competition, it is well-positioned to capitalize on India's push for self-reliance in defense technology. The management emphasized the importance of execution in realizing their ambitious growth plans.

Astra Microwave's strong order book, diverse product portfolio, and strategic focus on complete systems position it well to benefit from India's growing defense and space sectors. However, investors should note that the projected growth is expected to be back-ended, with significant ramp-up anticipated in FY27 and beyond.

As the company transitions to higher-value, complete system offerings, it will be crucial to monitor margin trends and execution capabilities in the coming quarters.

Astra Microwave Products Limited , a key player in the defense and aerospace sector, has announced a significant change in its corporate structure. The company's wholly owned subsidiary, previously known as Bhavyabhanu Electronics Private Limited, has been renamed to Astra Defence Technologies Private Limited. This change, effective November 18, 2025, was approved by the Registrar of Companies, Central Processing Centre (Manesar).

Strategic Repositioning

The renaming of the subsidiary reflects a strategic shift in the company's focus towards defense technologies. This move aligns with Astra Microwave Products' core competencies in the defense and aerospace sectors, potentially indicating a more targeted approach to defense-related projects and technologies.

Key Details of the Name Change

Implications and Outlook

The rebranding of the subsidiary to Astra Defence Technologies Private Limited suggests a more focused approach to defense-related business activities. This strategic move may position the company to:

1. Better align with defense sector opportunities
2. Enhance its visibility in the defense technology market
3. Potentially expand its portfolio of defense-oriented products and services

Corporate Disclosure

The name change was disclosed by Astra Microwave Products in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has stated that this information will be made available on its official website, www.astramwp.com .

As the defense sector continues to evolve, particularly in India, this rebranding could signal Astra Microwave Products' intent to strengthen its position in the defense technology domain. Stakeholders and industry observers will likely watch closely to see how this strategic repositioning impacts the company's future projects and market presence in the defense technology sector.