Astra Microwave Products (532493) Q2 26/27 earnings summary

Executive summary

• Q2 net profit rose to Rs 4,690.51 lakh standalone and Rs 5,108.17 lakh consolidated, despite lower YoY revenue from operations of Rs 17,620.54 lakh and Rs 17,666.22 lakh, respectively.

• H1 revenue from operations and net profit increased YoY on both standalone and consolidated bases.

• Standalone order book was Rs 3,937 crore and consolidated order book was Rs 4,707.59 crore at September 30, 2026.

• Q2 EBITDA rose 87.4% standalone to Rs 87 crore and 86.0% consolidated to Rs 89 crore.

Financial highlights

• Standalone Q2 PBT was Rs 6,327.88 lakh vs Rs 2,869.24 lakh YoY; consolidated Q2 PBT was Rs 6,778.73 lakh vs Rs 3,238.25 lakh.

• H1 standalone revenue was Rs 43,713.94 lakh vs Rs 41,021.43 lakh and net profit Rs 5,672.76 lakh vs Rs 3,369.85 lakh.

• H1 consolidated revenue was Rs 43,946.71 lakh vs Rs 41,431.32 lakh and net profit Rs 6,343 lakh vs Rs 4,017.78 lakh.

• FY26 standalone revenue was Rs 1,156 crore, EBITDA Rs 324 crore and PAT Rs 178 crore, up 10.7%, 21.8% and 24.5%, respectively.

Outlook and guidance

• Targeting 15%–20% revenue growth over three to five years; a higher share of complex system fabrication is expected to support growth, margins and capital efficiency.

• Identified Rs 24,000–25,000 crore of opportunities through FY28, including radar programs of Rs 10,000–11,000 crore and turnkey projects of Rs 5,000–6,000 crore.

• H1 orders booked were Rs 2,230.48 crore standalone and Rs 2,647.34 crore consolidated.