Astra Microwave Q2 Results: Stock jumps 5% on strong profit growth, margin expansion

Résumé détaillé

Astra Microwave is also pursuing a demerger of its Space, Meteorology and Hydrology business into Astra Space Technologies. The board had approved the scheme of arrangement in June 2026.

Shares of Astra Microwave Products Ltd. gained over 5% on Thursday, November 12, after the company reported a 22.3% year-on-year (YoY) increase in consolidated revenue from operations to ₹263 crore for the September quarter from ₹215 crore in the corresponding quarter last year.

Net profit more than doubled to ₹51 crore from ₹24 crore a year ago. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 82.9% YoY to ₹87.8 crore, compared with ₹48 crore in the year-ago quarter.

EBITDA margin expansion was also strong, at over 11 percentage points to 33.4% from 22.3% during the same quarter last year.

Also read: Cupid shares extend 2026 gains to 265%; Stock at record high after Q2 results, guidance raise

Astra Microwave's consolidated order book, including its joint ventures, stood at ₹4,707.6 crore as of September 30, 2026. 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, according to the financial results.

Astra Microwave operates in a single business segment comprising radio frequency and microwave products.

The company is also pursuing a demerger of its Space, Meteorology and Hydrology business into Astra Space Technologies. The board had approved the scheme of arrangement in June 2026.

The demerger will be implemented on a going-concern basis and remains subject to receipt of the requisite approvals. No effect of the proposed scheme has been given in the September quarter's consolidated financial results.

Début de l'article, extrait de CNBC-TV18. Pour lire la suite, ouvrez l'article chez le média.