Astra Microwave Products Ltd. Q1 FY27 Results: Revenue Declines 11.5%
Astra Microwave Products Limited reported Q1 FY27 consolidated revenue of ₹177 crore, a 11.5% decrease year-on-year. PAT declined 24.0% to ₹12 crore. Standalone revenue fell 10.7% to ₹176 crore, with PAT down 24.4% to ₹10 crore. The company maintains a strong standalone order book of ₹2,156 crore. In leadership changes, Mr. S. Gurunatha Reddy will step down as MD on Sep 30, 2026, succeeded by Dr. M. V. Reddy.
The decline in revenue and profits, although significant, is offset by the robust order book and strategic initiatives like the proposed demerger and leadership transition, which suggest future potential. The impact is thus considered medium.
The financial results for Q1 FY27 show a year-on-year decline in revenue, EBITDA, and PAT for both consolidated and standalone figures, indicating a negative short-term performance trend.
Astra Microwave Products Limited has released its investor presentation for Q1 & FY27. For the first quarter of FY27, the company reported a consolidated revenue of ₹177 crore, a decrease of 11.5% compared to ₹200 crore in Q1 FY26. Consolidated EBITDA stood at ₹33 crore, down 19.3% from ₹41 crore in the previous year, with a corresponding margin of 18.7% compared to 20.5%. Profit After Tax (PAT) for the quarter was ₹12 crore, a 24.0% decline from ₹16 crore in Q1 FY26, resulting in a PAT margin of 7.0% against 8.1% in the prior year. Standalone revenue for Q1 FY27 was ₹176 crore, down 10.7% from ₹197 crore in Q1 FY26. Standalone EBITDA decreased by 13.7% to ₹33 crore from ₹38 crore, with margins at 18.8% versus 19.5%. Standalone PAT fell by 24.4% to ₹10 crore from ₹13 crore, with margins at 5.6% compared to 6.6%. The company also highlighted a robust standalone order book of ₹2,156 crore as of June 30, 2026. The Board of Directors has approved in-principle the demerger of the Space, Meteorology, and Hydrology business undertakings into a separate entity to enable focused management and operational efficiency.
Furthermore, Mr. S. Gurunatha Reddy will step down as Managing Director effective September 30, 2026, and will continue as an Executive Director. Dr. M. V. Reddy is slated to assume the role of Managing Director from October 1, 2026, subject to Board approval.
The company's presentation also detailed its performance highlights, including revenue, EBITDA, and PAT for Q1 FY26 and Q1 FY27, and provided a breakdown of its revenue and order book by segment and customer. The company aims for 15% to 20% revenue growth in the medium term, with a higher proportion of revenues from complex system fabrication.
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Astra Microwave Products Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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