Astra Microwave Products Ltd
Astra Microwave Products Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Astra expects to at least triple its revenue over the next 3 to 5 years, targeting FY30 to FY31 for this growth. Astra aims to triple its revenue in the next 4 to 5.5 years, targeting FY30-FY31 for this growth.
From Astra Microwave Products Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Astra expects to at least triple its revenue over the next 3 to 5 years, targeting FY30 to FY31 for this growth.
- Growth will be asymmetrical, with most expansion occurring in FY29-FY30, driven by key programs like QRSAM, Uttam radars, Su-30 Virupaksha and Angad, electronic mines, and JV business.
- Near-term visibility includes an order book of over INR 2,141 crores (standalone) and a current execution target of INR 1,600 crores plus in FY27.
- Radar business is the primary driver, contributing around 45-60% of revenues; space and meteorology contribute ~16-25%.
- Export focus has shifted towards higher value-add design-led products, with improved margins.
- JV (ARC) revenue expected to grow to around INR 600 crores in FY27 with EBITDA margins of 18-20%.
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Profitability & Margins
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Capital Expenditure Plans
- Astra Microwave plans to continue augmenting existing capex needs by spending approximately INR 40-50 crores annually.
- No major additional capex beyond this regular spend is anticipated to support the revenue tripling guidance.
- Working capital requirements will increase with higher volumes, but improvements in working capital cycle and receivables realization will help manage this within sanctioned limits.
- The company is focused on technology depth and capital discipline.
- Strategic collaboration includes working with a startup on photonics radar and ground penetrating radar developments.
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Top-ranked in Aerospace & Defense
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Standalone order book as of March 31, FY26: INR 2,141 crores
- Consolidated order book: Approximately INR 2,600 crores
- Q4 fresh orders secured: Approximately INR 530 crores
- Planned order booking for FY27: Around INR 1,600 crores plus
- For JV (ARC), order book visibility for FY27: INR 200 crores
- Orders expected from 5-6 major programs driving long-term growth
- Additional PNC (Post-November Confirmed) orders of around INR 300 crores expected in next couple of months
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Astra Microwave Products Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹488 Cr, net profit ₹106 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Astra Microwave Products Ltd's management said in earlier quarters
- Q2 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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Frequently Asked Questions
What were Astra Microwave Products Ltd Q4 FY26 results?
Astra expects to at least triple its revenue over the next 3 to 5 years, targeting FY30 to FY31 for this growth. Astra aims to triple its revenue in the next 4 to 5.5 years, targeting FY30-FY31 for this growth.
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?
Astra Microwave plans to continue augmenting existing capex needs by spending approximately INR 40-50 crores annually.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.