Astra Microwave Products Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 3 Aug 2026 | Aerospace & Defense | Market Cap: ₹17.2K Cr
For FY '26, Astra Microwave Products Limited expects revenue growth of 15% to 20%, targeting around INR1,200 crores to INR1,300 crores in sales. For FY '26, Astra Microwave Products Limited expects revenue growth of approximately 15% to 20%, targeting INR1,200 crores to INR1,300 crores in sales.
From Astra Microwave Products Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹1,662
Market Cap
₹17.2K Cr
P/E Ratio
89.0
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Compare Astra Microwave Products Ltd against every Aerospace & Defense company this quarter on revenue, margins and earnings-call signals.
Astra Microwave Products Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹488 Cr, net profit ₹106 Cr.
Full financials →📊 Revenue & Sales Performance
- →For FY '26, Astra Microwave Products Limited expects revenue growth of 15% to 20%, targeting around INR1,200 crores to INR1,300 crores in sales.
- →Clear visibility of INR1,300 crores to INR1,500 crores worth of orders is projected for FY '26, covering domestic and export markets.
- →For FY '27, the company anticipates at least 20% growth in the order book.
- →The company aims to maintain or slightly improve EBITDA margins around 29%-30% in the coming years.
- →Export revenues are expected to contribute a minimum of 10% to 15% of total revenue, focusing more on build-to-spec products rather than low-margin offset opportunities.
- →Specific segments like radar, EW, missile telemetry, space, metrology, and exports are expected to have robust order inflows.
- →Significant revenue contribution from new products like Uttam AESA radar is expected from FY '27 onward.
📈 Profitability & Margins
- →For FY '26, Astra Microwave Products Limited expects revenue growth of approximately 15% to 20%, targeting INR1,200 crores to INR1,300 crores in sales.
- →The company anticipates a minimum of 20% growth in order book for FY '27.
- →EBITDA margin guidance remains stable, with expectations to maintain or slightly improve from the current ~29% level.
- →The firm projects sustained healthy margins upwards of 25% as a norm going forward.
- →The JV company Astra Rafael is expected to contribute increasing revenues, with INR275 crores forecasted for the current year.
- →Export revenue is targeted at 10%-15% of total revenue in coming years, focusing on build-to-spec products.
- →Earnings growth will be driven by radar, EW, missile telemetry, space, and exports, supported by strong order inflows and domestic defense demand.
🏗️ Capital Expenditure Plans
- →Management confirmed there will be some capex for FY '26.
- →The capex is primarily aimed at augmenting existing company activities.
- →Specific figures are not yet estimated; details are expected to be shared during the year-end call.
- →A ballpark figure indicated is around INR 30 crores to INR 35 crores.
- →This capex is for maintenance purposes.
💰 Fundraising & Capital Structure
- →Management did not indicate any specific plans for new fundraising through debt or equity in the current call.
- →Current long-term debt stands around INR30 crores and short-term debt is about INR400 crores.
- →The company mentioned some upcoming capital expenditure (capex) for augmentation of existing activities, estimated minimally at INR30-35 crores for maintenance capex in FY '26.
- →No explicit mention of raising new capital via debt or equity was made.
- →Management plans to provide more clarity on capex during the year-end call.
- →Overall, no immediate or announced plans for fresh fundraising through debt or equity as per the current discussion.
📋 Order Book & Pipeline
- →Stand-alone order book as of December 2024: INR 1,960.2 crores.
- →Consolidated order book as of December 2024: INR 2,332.6 crores.
- →New orders received during Q3 FY'25: INR 141 crores.
- →Additional orders concluded but not yet booked (as of Feb 2025): INR 150 crores.
- →Orders in pipeline, expected to be received in current quarter: INR 200 crores.
- →Expected order inflow for FY'26: INR 1,300 crores to INR 1,500 crores.
- →Order breakup for FY'26: Radar INR 900-1,000 crores, EW INR 100-150 crores, Missile & Telemetry INR 100-120 crores, Space INR 70-80 crores, Metrology INR 100-150 crores, Exports INR 100-120 crores.
- →Uttam AESA Radar orders expected mostly by Q1 FY'26, with revenue from few units by March 2026 and majority in FY'27.
- →JV Astra Rafael order book as of Dec 2024: INR 475 crores.
Key Metrics
Frequently Asked Questions
What were Astra Microwave Products Ltd Q3 FY25 results?
For FY '26, Astra Microwave Products Limited expects revenue growth of 15% to 20%, targeting around INR1,200 crores to INR1,300 crores in sales. For FY '26, Astra Microwave Products Limited expects revenue growth of approximately 15% to 20%, targeting INR1,200 crores to INR1,300 crores in sales.
What is Astra Microwave Products Ltd share price analysis?
Astra Microwave Products Ltd currently shows a neutral. The stock trades at a P/E of 89.0 with a market cap of ₹17,179 Cr. Investors should review the full earnings analysis for detailed insights.
Is Astra Microwave Products Ltd planning capital expenditure?
Management confirmed there will be some capex for FY '26.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.