AI-generated · cited to primary sources · not investment advice
Astra Microwave (532493) May 2025 Filing Analysis
Does management do what it says?
The company received orders worth Rs. 238 Cr in Q2 FY26. Combined with Q1, the pace suggests significant catch-up is needed in H2 to meet the 1,400 Cr target. (1 in progress, 1 exceeded, 1 met across 3 tracked commitments)
“with an order book target of about INR1,400 crores for the financial year FY '26.”
The standalone PBT margin for H1 FY26 stood at 11.2%, and consolidated PBT margin at 12.9%, both well below the 18% target. (1 missed, 1 met, 1 in progress across 3 tracked commitments)
“we are aiming to grow our top line at around 20% with a bottom line of about 18%... for the financial year FY '26.”
For H1 FY26, consolidated revenue grew by only 7.7% YoY and standalone revenue by 7.2% YoY, significantly trailing the 20% annual growth target. (1 missed across 1 tracked commitment)
“In the end, I would like to share with you, we are aiming to grow our top line at around 20%... for the financial year FY '26.”
See the full cited Management analysis of Astra Microwave
Where does growth come from?
The company has identified a massive opportunity pipeline of Rs. 24,000 - 25,000 Cr through FY28, with Radar programs being the largest driver. (1 new trend across 1 signal)
“Major opportunities for AMPL of around Rs 24,000- 25,000 Crs across all sectors till FY28.”
See the full cited Future Growth analysis of Astra Microwave
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