Astra Microwave Products ' joint venture has secured a major defence contract worth ₹275.27 crore from the Indian Air Force, providing significant momentum to the company's order book. The contract encompasses critical military aviation upgrades and procurement activities to be completed within a 12-month timeframe.

Major Defence Contract Details

Astra Rafael Comsys Private Limited, the joint venture company of Astra Microwave Products, won the comprehensive order covering multiple aspects of military aircraft enhancement. The contract includes integration of Software Defined Radio (SDR) systems on MiG-29 aircraft, installation of Network Centric Application (NCO) on MiG-29 aircraft, and procurement of 24 SDRs specifically for LCA Mk-1A aircraft.

Financial Performance Overview

The company reported challenging Q2FY26 results, reflecting softer market conditions. Revenue declined 6.50% year-on-year to ₹215.00 crore, while net profit decreased 4.00% to ₹24.00 crore, indicating margin pressure amid lower business activity.

Revenue Mix and Diversification

Astra Microwave Products maintains a defence-heavy revenue composition, with defence contributing 77.40% in Q2FY26. The company has shown gradual diversification efforts with exports improving to 14.20% and meteorological revenues rising to 5.80%. Space applications remain a smaller but consistent contributor to the overall revenue profile.

Strong Order Book Position

The company maintains a robust standalone order book of approximately ₹1,916.00 crore, with defence and public-sector orders forming nearly 70.00% of the total mix. During Q2FY26, fresh orders worth ₹238.00 crore were secured while ₹213.00 crore worth of orders were executed, demonstrating healthy order inflows and sustained execution capabilities across defence, space, and allied segments.

Strategic Partnerships

Astra Microwave Products has established a strategic collaboration with Bharat Electronics Limited for joint design and manufacturing of advanced defence and aerospace electronics. This partnership focuses on critical areas including electronic warfare systems, radar technology, and satellite applications, supporting indigenous capability development without involving equity arrangements or related-party structures.

Astra Microwave Products has announced that its joint venture has secured a significant order worth ₹275.00 crores, marking a major business development for the defense electronics specialist.

Order Details

The substantial contract win represents a notable achievement for the company's joint venture operations. The order value of ₹275.00 crores demonstrates the scale and importance of this business development.

Business Implications

This order win highlights Astra Microwave Products' continued ability to secure major contracts through its joint venture partnerships. The company, which operates in the defense electronics and microwave products sector, has demonstrated its competitive positioning in securing substantial business opportunities.

The ₹275.00 crore order represents a significant addition to the company's order book and is expected to contribute to future revenue streams. Such large-scale contracts typically indicate strong client confidence in the company's technical capabilities and delivery track record.

Company Operations

Astra Microwave Products specializes in defense electronics and microwave products, serving various segments within the defense sector. The company's joint venture approach allows it to leverage partnerships for enhanced business opportunities and expanded market reach.

This latest order win reinforces the effectiveness of the company's joint venture strategy in securing major contracts and maintaining its competitive position in the defense electronics market.