Astra Microwave Products Ltd (ASTRAMICRO) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated August 05, 2026 3 min read

Astra Microwave Products enters Q1 FY27 results following a landmark contract win that significantly bolsters its long-term execution pipeline. Investors will be looking for early signals on revenue growth trajectory and margin sustainability as the company transitions toward high-value, IP-led product segments.

Quick Details

Results date	August 10, 2026
Quarter	Q1 FY 2026-2027
Previous quarter revenue	Rs. 487 Cr
Previous quarter PAT	Rs. 105 Cr
Previous quarter EBITDA margin	32.8%
Market cap	Rs. 17,355.96 Cr
CMP	Rs. 1,828.0

Astra Microwave Products Ltd Q1 Results Date and Time

The board meeting is scheduled on 10 Aug 2026 to approve standalone and consolidated unaudited Q1 FY27 results.

What to expect from Astra Microwave Products Ltd's Q1 FY27 results

Astra Microwave begins FY27 with a robust order book base of Rs. 2,141 Cr as of March 2026, setting the stage for its guided 15-20% standalone revenue growth for the year. While the defence electronics sub-sector reported a median revenue decline of 10.5% YoY in the latest sector report, Astra's focus on high-value radar and EW programs provides a distinct execution tailwind. Management has indicated that EBITDA margins may settle slightly lower than the elevated 32.8% seen in Q4 FY26, as the company prioritizes long-term IP-led product development and manages the impact of a weakening rupee on imported component costs. The upcoming call will likely focus on whether the Rs. 2,205 Cr HAL Uttam Radar contract is reflected in the Q1 order book and how the demerger of the space and meteorology business will impact future standalone financial reporting.

Key Things To Watch

Performance vs Guidance Tracking: Tracking progress against FY27 strategic targets.

Standalone revenue growth — 15-20% target for FY27 — In-progress
ARC JV sales — minimum 50% growth target — In-progress

Order Book and Contract Status: Clarification on the recognition of major wins.

Clarify if the Rs. 2,205 Cr HAL Uttam Radar contract is included in the Q1 order book as of 30-Jun-2026
Total standalone order book status should exceed the Rs. 2,141 Cr baseline reported at the end of March 2026

Margin Trajectory and Costs: Monitoring the sustainability of margins following the Q4 peak.

Q1 EBITDA margin performance relative to management's guidance of slightly lower levels than the 32.8% recorded in Q4 FY26
Impact of forex volatility on imported MMIC chips and raw materials

Strategic Execution and Demerger: Updates on corporate restructuring and business focus.

Status of NCLT, SEBI, and exchange approvals for the demerger of the Space, Meteorology and Hydrology business
Progress on the launch of proprietary, IP-led, Astra-branded products expected before Diwali

Operating Metric Trajectory: Key segment performance indicators.

Validation of the 50% growth target for the ARC JV in FY27
Segment-wise revenue mix shift between defence, space, and exports

Frequently Asked Questions

What was the revenue growth trajectory for Astra Microwave in FY26?

Revenue grew 11% YoY in FY26 to Rs. 1,156 Cr, meeting the company's guidance. The growth was supported by a strong Q4 performance of Rs. 487 Cr.

How does the company plan to manage capex requirements for its revenue growth vision?

Management has stated that annual capex will remain steady at Rs. 40-50 Cr. Working capital needs are expected to be managed within existing limits through better receivable realization.

What is the status of the demerger of the space and meteorology business?

The board approved the scheme of arrangement on 10-Jun-2026 to demerge these segments into Astra Space Technologies Pvt Ltd. The process is currently subject to NCLT, SEBI, and stock exchange approvals.