Astra Microwave Products Limited held a conference call on May 23, 2025, to discuss Q4 and FY25 earnings.
FY25 revenue reached ₹1,044 crore (standalone), a 15% year-on-year growth.
Gross profit margins improved to 43.9% in FY25 from 39% in FY24.
EBITDA margin for FY25 was 25.5%, and PAT stood at ₹143 crore, with a margin of 13.7%.
The company received new orders worth ₹1,098 crore (standalone) during the year, primarily from radar (₹556 crore), electronic counter intelligence (₹226 crore), telemetry (₹36 crore), space (₹60 crore), exports (₹79 crore), and metrology & hydrology (₹140 crore) sectors.
Standalone order book stands at ₹1,951 crore, with 91% domestic and 9% export orders.
Consolidated order book, including service orders, is approximately ₹2,304 crore.
The Board approved a fundraise of ₹174 crore via preferential issue to strengthen the balance sheet.
A dividend of ₹2.20 per share was approved, up from ₹2.00 last year.
Joint venture company, Astra Rafael Comsys, is expected to reach ₹350+ crore in sales with a PBT of about 12% in the coming year.
Capital expenditure of ₹45 crore is budgeted for test equipment and another ₹45 crore for additional production space.
Management aims for a top-line growth of around 20% with a bottom line of about 18% and an order book target of about ₹1,400 crore for FY26.
The company is part of the Kusha development program and provides subsystems like TR modules and Receiver/Exciters.
The company has a significant portion of subsystems in the QRSAM program.
The company is also focusing on the space sector, with plans to build its own satellites for generating revenue from data.
The company is developing counter-drone solutions.
The company is also working on technology demonstrated versions for Su-30 and LCA Mark 2.
The company expects to book revenues close to around ₹1,200 crore plus.
The company expects JVC, ARC is doing extremely well, and to book orders worth of close to $100-plus million. And the revenue, we are expecting around ₹350 crore plus.