Aerospace & Defense
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Updated on 13 Nov 2025, 08:59 am
Reviewed By
Akshat Lakshkar | Whalesbook News Team
Astra Microwave Products Ltd. experienced a stock price drop of up to 3% on Thursday, November 13, following the announcement of its second-quarter financial results. For the quarter ending September, the company's revenue decreased by 6.5% compared to the previous year, amounting to ₹215 crore from ₹229.6 crore. Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) also declined by 3% to ₹48 crore, though the EBITDA margin remained relatively stable at 22.27%. Net profit saw a reduction of 5.5%, settling at ₹24 crore from ₹25.4 crore in the corresponding quarter last year. Favourable changes in the revenue mix contributed to the margin expansion during the period. The company announced it received new orders totalling ₹238 crore during the quarter. This has increased its standalone order book to ₹1,916 crore as of the end of September. India accounted for 85.8% of the total revenue, with exports contributing 14.2%. SG Reddy, Astra Micro's MD, stated that India's defence sector is poised for growth with a 15-year roadmap focusing on indigenization, next-generation systems, and anti-drone technologies. He added that these trends align with Astra's vision to strengthen its position in India’s defence and aerospace expansion, along with a rising focus on exports and R&D investments. Impact This news directly impacts Astra Microwave Products Ltd. shareholders, potentially causing short-term volatility. Investors will be scrutinizing the revenue and profit decline while weighing it against the robust order book and positive long-term outlook for the defence sector. The stock's performance will likely be influenced by market sentiment regarding its operational efficiency and future growth prospects. Rating: 6/10. Difficult terms: EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation): A metric used to measure a company's operating performance before accounting for interest, taxes, depreciation, and amortization expenses. EBITDA margin: Calculated by dividing EBITDA by total revenue, it indicates the profitability of a company's core operations relative to its sales. Indigenization: The process of developing and producing goods, services, or technologies within a country, reducing reliance on foreign imports.