Astra Microwave Products Q2 Profit Rises 113.8% to ₹51.1 Crore

Astra Microwave Products Limited reported Q2 FY27 net profit of ₹51.1 crore, up 113.8% year-on-year, as revenue from operations rose to ₹263 crore and operating margin expanded to 25.6%. The September-quarter performance marks a sharp improvement from both the preceding quarter and the same period of FY26.

How did Astra Microwave Products perform in Q2 FY27?

Astra Microwave Products recorded total income of ₹265 crore for Q2 FY27, compared with ₹220 crore in Q2 FY26 and ₹179 crore in Q1 FY27. Revenue from operations increased 22.3% year-on-year to ₹263 crore from ₹215 crore. Other income stood at ₹1.9 crore, compared with ₹5.7 crore a year earlier.

Profit before tax more than doubled to ₹67.8 crore from ₹32.4 crore in Q2 FY26. Net profit rose to ₹51.1 crore from ₹23.9 crore, representing year-on-year growth of 113.8%. Compared with Q1 FY27, when net profit was ₹12.3 crore, the reported profit increased 315.4%.

The company designs, develops, manufactures and sells radio-frequency and microwave sub-systems used in defence, space, meteorology, civil and telecommunications applications. Its Q2 performance was supported by revenue growth in the aerospace and defence segments, according to the results summary.

What drove Astra Microwave's margin expansion?

Astra Microwave's operating margin rose to 25.6% in Q2 FY27 from 14.7% in Q2 FY26 and 8.8% in Q1 FY27. The 10.9 percentage-point year-on-year expansion was the principal factor behind profit growing faster than revenue during the quarter.

The company attributed the improvement to a more favourable product mix and efficient cost management. Higher-margin execution can have a material effect on quarterly profitability in specialised defence electronics, where project delivery schedules and the mix of systems supplied can vary across periods.

Adjusted profit increased 156.4% year-on-year and 499.0% sequentially, based on the results data provided. These measures reinforce the scale of the quarter-on-quarter recovery after the June quarter, when revenue from operations was ₹177 crore and net profit was ₹12.3 crore.

What does Astra Microwave's order book indicate?

Astra Microwave reported a record order book of ₹4,361 crore following a major contract for Uttam Radar systems. It booked orders worth ₹2,230.48 crore during the first half of the current financial year, providing a disclosed backlog of work for future execution.

The order book is important because the company's business is linked to defence and other specialised electronic-system programmes that may be executed over multiple quarters. The reported backlog is substantially larger than Q2 FY27 revenue of ₹263 crore, though the company has not provided a specific quarter-wise conversion schedule in the information available.

Motilal Oswal Financial Services had expected 14% year-on-year revenue growth in Q2 FY27, aided by an order book of about ₹2,200 crore. The brokerage had also identified ordering for QRSAM and Virupaksha radar, Uttam Radar execution, space and weather-segment inflows, export opportunities and margin sustainability as areas to monitor.

How does the result affect investors and the defence electronics sector?

Astra Microwave's reported results show the financial effect of stronger execution and operating leverage in the quarter. Revenue grew 22.3% year-on-year, while net profit increased 113.8%, reflecting the higher 25.6% operating margin. The figures provide a clearer view of how product mix and costs influenced earnings in the September quarter.

For investors, the disclosed order book and first-half order bookings are relevant alongside quarterly profitability. They indicate the scale of awarded work, while actual revenue recognition will depend on execution. The company has not disclosed a revised revenue target, margin target or order-book conversion timeline in the supplied material.

The results were filed for the quarter ended September 30, 2026. Astra Microwave scheduled a Q2 FY27 earnings call for November 13, 2026, at 2:00 PM IST, where analysts were invited to discuss operational and financial performance. The call may provide further detail on project execution and order inflows.

Conclusion

Astra Microwave Products delivered a materially stronger Q2 FY27, with net profit of ₹51.1 crore, revenue from operations of ₹263 crore and operating margin of 25.6%. The result reflects year-on-year revenue growth alongside a significant increase in profitability, supported by the stated product mix and cost-management factors.

The next disclosures to watch are management's comments at the scheduled November 13 earnings call, particularly on the ₹4,361 crore order book, Uttam Radar execution, larger-platform orders, space and weather opportunities, exports and margin sustainability.