Astra Microwave Products Ltd — earnings calls

Astra Microwave reported Q1 FY27 revenue of Rs 182 crore, which management described as modest due to delays in customer approvals and last-stage technical issues. The company secured a landmark order worth about Rs 2,205 crore from Hindustan Aeronautics Limited for Uttam Radar subsystems in July, taking its total order book to Rs 4,300 crore. Management also announced plans to demerge its Space and Weather divisions into a separately listed company with the same shareholding pattern as Astra Microwave, expected to operate independently from April 1, 2027.

Astra Microwave reported FY26 standalone turnover of Rs 1,157 crore, in line with earlier guidance, with the radar business contributing nearly 60% of revenue and space and meteorology contributing around 16%. The company closed the year with an order book of Rs 2,141 crore standalone and Rs 2,600 crore consolidated, and management reaffirmed FY27 revenue growth guidance of 15% to 20%. Management also discussed the joint venture Astra Rafael Comsys, a planned demerger of the space, meteorology and hydrology business, and a longer-term ambition to nearly triple turnover over four and a half to five and a half years.