Astra Microwave Products Ltd. delivered impressive financial results for the September quarter, with consolidated revenue from operations increasing 22.3% year-on-year to ₹263 crore from ₹215 crore in the corresponding quarter last year. According to reports from CNBC TV18, net profit more than doubled to ₹51 crore from ₹24 crore a year ago, while EBITDA increased 82.9% YoY to ₹87.8 crore compared with ₹48 crore in the year-ago quarter. The company's EBITDA margin expansion was strong at over 11 percentage points to 33.4% from 22.3% during the same quarter last year.
The latest quarterly results show some sequential challenges, with revenue declining 63.84% quarter-on-quarter from ₹495.23 crore in June 2026, representing the lowest quarterly decline in the last 3 years. However, the company maintained strong profitability with EBIT of ₹23.57 crore and net profit of ₹12.35 crore for the quarter. The company has consistently increased its Return on Equity (ROE) over the last 5 years, with majority of profits being added to reserves in the previous year.
Astra Microwave's consolidated order book, including its joint ventures, stood at ₹4,707.6 crore as of September 30, 2026, as reported by CNBC TV18. This included service orders worth ₹237.2 crore. The company and its joint ventures booked orders worth ₹2,647.3 crore during the first half of FY27. Astra Microwave operates in a single business segment comprising radio frequency and microwave products.
For the six months ended September 2026, consolidated revenue from operations increased 6.1% YoY to ₹439.5 crore from ₹414.3 crore. According to CNBC TV18, net profit rose 57.9% to ₹63.4 crore from ₹40.2 crore in the corresponding period last year. Profit before tax increased to ₹83.5 crore from ₹53.5 crore. Following the September quarter results, shares of the company surged as much as 6.2% to an intraday high of ₹1,835, with the stock now trading 4.2% higher at ₹1,798. The stock has gained 83% so far this year.
As of November 12, 2026, Astra Microwave shares are trading at ₹1,756.50, up 1.7% from the previous close of ₹1,727.30. The stock has demonstrated strong momentum with 12.74% returns over the past week. The company, with a market capitalization of ₹16,749.25 crore, operates in the defence sector and has a PE ratio of 86.75 and PB ratio of 12.48. The stock has reached a 52-week high of ₹1,960 and 52-week low of ₹851.
