Astra Microwave Products shares surged 11% to hit its 52-week high of ₹1,365 on Tuesday, May 26, following the company's strong March quarter earnings announcement. The aerospace and defence firm reported a 45% growth in consolidated net profit at ₹106 crore for Q4 FY26 compared to ₹73 crore in the same period last year. According to reports from The Economic Times, the company's revenue from operations increased 19.6% year-on-year to ₹488 crore in the January-March period from ₹408 crore in the year-ago period. The stock opened at ₹1,244 on the National Stock Exchange and climbed to an intraday high of ₹1,365, significantly outperforming the broader markets where the Nifty 50 was down 0.40%.
The company's operating performance showed significant improvement with EBITDA rising 36% annually to ₹162 crore as against ₹120 crore in Q4 FY25. As reported by The Economic Times, the operating profit margin expanded to 33.2% in contrast to 29.3% on a yearly basis. For the full financial year FY26, Astra Microwave's revenue from operations increased 11% to ₹1,163 crore compared to ₹1,051 crore in the previous fiscal year, while net profit jumped 26% to ₹193 crore from ₹153.5 crore annually. The company's full-year FY26 net profit stood at ₹1,929 crore, up 25% from ₹1,535 crore in FY25, demonstrating sustained operational excellence across the fiscal year.
According to the company's announcement, as of March 31, 2026, Astra Micra's group and joint ventures had an order book of ₹2,609.99 crore, including ₹230.68 crore from service orders. During the year, the defence firm secured new orders worth ₹1,660.22 crore. The company, founded in 1991 and headquartered in Hyderabad, specialises in the design, development, and manufacturing of Radio Frequency (RF) and microwave subsystems, radar electronics, and satellite communication equipment for strategic sectors. The stock emerged as the top gainer on the Nifty India Defence Index, which was trading 0.3% higher.
Along with the earnings approval, the board of directors has recommended a dividend of ₹2.40 per equity share (120% on the face value of ₹2 each) for FY26. As reported by The Economic Times, the proposal is subject to approval by shareholders at the ensuing Annual General Meeting (AGM), with the dividend to be credited or dispatched within specified timelines after the AGM conclusion. The AGM date and record date for the purpose of the payment of dividend will be announced in due course. At 2:20 PM on Tuesday, Astra Microwave shares were trading at ₹1,351.50, soaring 9.5% and significantly outperforming the broader markets.
