Astra Microwave Products has announced its revenue expectations for FY27, setting a target range between ₹1400.00 and ₹1500.00 crores. This guidance provides insight into the company's projected business performance in the aerospace and defence sector.

Revenue Projection Details

The company's revenue expectations for FY27 are outlined in the following table:

Business Outlook

The revenue guidance of ₹1400.00 to ₹1500.00 crores for FY27 reflects the company's business projections and market expectations. This target range provides stakeholders with visibility into the company's anticipated financial performance in the aerospace and defence segment.

The announcement of specific revenue expectations demonstrates the company's strategic planning approach and provides a framework for evaluating future business performance against stated objectives.

Astra Microwave Products Ltd has officially executed a Memorandum of Understanding (MoU) with Bharat Electronics Limited (BEL), a PSU under Ministry of Defence, Government of India. The strategic partnership establishes a comprehensive framework for collaborative work in advanced defence electronics and aerospace technologies.

MoU Execution and Regulatory Disclosure

The company has formally disclosed the MoU execution under Regulation 30 of SEBI (LODR) Regulations, 2015, providing detailed information about this significant partnership. The agreement was executed with BEL, which operates as a public sector undertaking under the Ministry of Defence.

Expanded Collaboration Scope

The MoU encompasses a broader scope than initially outlined, focusing on collaborative design, development and manufacturing of advanced electronic modules, subsystems and systems for defence electronics and aerospace applications. The partnership specifically targets critical technology domains including Electronic Warfare (EW), radar systems and satellites.

Strategic Partnership Objectives

This strategic partnership aims to strengthen efforts toward fostering indigenous design and production capabilities in advanced technology domains critical for national defence. The collaboration leverages Astra Microwave's specialization in microwave and RF solutions alongside BEL's extensive experience in defence electronics manufacturing.

The agreement confirms that no special rights are agreed between the parties, including rights to appoint directors, first right to share subscription in case of share issuance, or rights to restrict changes in capital structure. The parties are not related to promoter/promoter group/group companies, and the transaction does not fall within related party transactions.

Defence Manufacturing Ecosystem Impact

The partnership represents a significant development in India's defence manufacturing ecosystem, bringing together complementary capabilities for sophisticated defence electronics systems development. This collaboration aligns with the broader trend of strategic alliances within India's defence sector, focusing on indigenous technology development and reducing import dependence for critical defence applications.