Astra Microwave Products Ltd (NSE:ASTRAMICRO)

Q2 2026 Astra Microwave Products Ltd Earnings Call Transcript

Nov 13, 2025 / 11:00 AM GMT

Release Date Price: ₹1015.4 (-2.96%)

Transcript

Key Points

Positve

Astra Microwave Products Ltd (BOM:532493) reported a strong financial performance for Q2 FY26, with standalone revenues reaching 213 crores, reflecting a healthy margin expansion to 21.7%.
The company's order book remains robust, standing at 1,916 crores on a standalone basis and 2,209 crores on a consolidated basis, providing strong visibility for future quarters.
Astra Microwave Products Ltd (BOM:532493) is transitioning from supplying subsystems and components to delivering complete systems and integrated solutions, which is expected to enhance profitability.
The company secured a major order for the refurbishment of electronics for a long-range radar, which could lead to more opportunities in this area.
There has been a notable improvement in operating cash flow during the first half of the year, with expectations for this positive trend to continue.

Negative

The company faces challenges in completing a couple of big projects, which could impact short-term performance.
Astra Microwave Products Ltd (BOM:532493) is heavily reliant on domestic orders, particularly in the defense sector, which may limit diversification.
The transition to delivering complete systems and integrated solutions involves risks and uncertainties, including the need for multi-year tests and coordination with various suppliers.
The company's growth projections are ambitious, with plans to double turnover in the next 3-4 years, which may be challenging to achieve.
There is uncertainty regarding the company's ability to penetrate export markets, particularly in Europe and NATO, which could limit international growth opportunities.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ASTM.NS - Astra Microwave Products Ltd
Q2 2026 Astra Microwave Products Ltd Earnings Call
Nov 13, 2025 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Astra Microwave Products Limited Q2 FI26 earnings conference call. This conference call may contain forward-looking statements about the company which are based on beliefs, opinions, and expectations of the company as of the date of this call. These statements are not guarantee of future performance and involves risk and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing then 0 on a touchstone phone. Please note that

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