Astra Microwave Products Ltd (NSE:ASTRAMICRO)

Q4 2026 Astra Microwave Products Ltd Earnings Call Transcript

May 27, 2026 / 05:30 AM GMT

Release Date Price: ₹1397.4 (+2.98%)

Transcript

Key Points

Positve

Astra Microwave Products Ltd (BOM:532493) reported a significant improvement in operating cash flow, reaching 370 crores compared to a negative 99 crores last year.
The company achieved a turnover of 1,157 crores, aligning with the guidance provided at the beginning of the year.
Astra's radar business remains a primary growth driver, contributing nearly 60% of revenue.
The joint venture, Astra Rafale Concis, closed FY26 with an order book of about 625 crores and is expected to deliver a top-line of over 600 crores in FY27.
The company is strategically positioned to benefit from the government's push towards indigenous defense manufacturing, with a strong order book of 2,141 crores as of March 31st.

Negative

Profitability was impacted by ForEx-related provisions, affecting the joint venture's financial performance.
There is a dependency on the timing of government contracts, which can lead to delays in order finalization and execution.
The company's growth projections are heavily reliant on a few major programs, which could pose a risk if any of these programs face setbacks.
Despite strong growth, the company acknowledges that sustaining current margins may be challenging due to various external factors.
The transition from low-margin built-to-print exports to higher value-added exports is still ongoing, which may affect short-term revenue.

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

ASTM.NS - Astra Microwave Products Ltd
Q4 2026 Astra Microwave Products Ltd Earnings Call
May 27, 2026 / 05:30AM 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 the Astra Microwave Products Limited Q4 FY26 Earnings Conference Call. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements do not guarantee the future performance of the company and it may involve risks 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 this conference call, please signal an operator by pressing star then zero on your

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