Astra Microwave Q4 FY26: Profit up 44%, stock jumps

Stock rallies after March-quarter earnings

Astra Microwave Products shares surged in Tuesday’s session after the aerospace and defence company reported its March 2026 quarter (Q4FY26) results. The stock opened at ₹1,244 on the NSE and climbed during the day, touching ₹1,365 at its intraday high. Another update in the same set of reports said the stock hit a fresh record high of ₹1,379 apiece, reflecting strong buying interest after the results. At around 2 PM, the shares were quoted at ₹1,351.50, up 9.5% for the day and ahead of the broader market move. Separate market updates also noted a jump of 12% to ₹1,379 and an intraday rise of 12.5% on May 26. A BSE update mentioned the stock rising 6% to a day’s high of ₹1,314 following the earnings announcement. Across these updates, the common driver was the stronger March-quarter performance versus last year.

Q4FY26 net profit rises to ₹106 crore

For Q4FY26, Astra Microwave Products reported consolidated net profit of ₹106 crore, a 44% year-on-year (YoY) increase. The comparable figure for the same quarter last year was reported as ₹73.4 crore in one update and ₹73.5 crore in another. Despite the small rounding difference, the direction of change remained clear in the disclosures. The profit performance was one of the key triggers behind the day’s sharp move in the share price. The company’s March-quarter numbers were tracked closely because the stock had already been in focus amid rising investor interest in defence manufacturing names. The March-quarter print also came with operating and revenue details that showed growth in both scale and margins.

Revenue grows nearly 20% year-on-year

Revenue from operations in Q4FY26 rose to ₹488.24 crore. This was described as nearly 19% YoY growth in one report and 19.6% in another, against a base of around ₹407.85 crore to ₹408 crore in Q4FY25. The company also saw a sharp sequential recovery, as revenue was reported to be 88% higher than ₹240 crore in the December quarter (Q3FY26). That QoQ comparison was highlighted as an important marker of execution during the quarter. The revenue jump, along with higher profitability, helped support the positive market reaction.

Operating performance: EBITDA up, margins expand

In terms of operating profitability, EBITDA for the March quarter rose 36% YoY to ₹162.5 crore from ₹119.6 crore. The EBITDA margin improved to 33.3% from 29.3% in the corresponding period last year, according to the figures cited. Margin expansion was a key part of the narrative around the results, alongside the revenue increase. Higher EBITDA and a better margin profile typically indicate improved operating leverage or a more favourable mix, though the reports did not specify the exact drivers. What was clear from the reported numbers was that operating profit grew faster than revenue on a YoY basis.

Dividend recommendation: ₹2.40 per share

Alongside the quarterly results, the company recommended a final dividend of ₹2.40 per equity share for FY26. The dividend was described as 120% of the face value of ₹2 per share. The recommendation was stated to be subject to shareholder approval at the upcoming Annual General Meeting (AGM). For investors, dividend declarations often add to near-term sentiment, especially when accompanied by strong quarterly earnings. The report did not provide the record date or payment timeline.

Full-year FY26 performance: revenue and profit

For the full year, the company’s revenue was reported at about ₹1,163 crore in FY26, up 11% from ₹1,051 crore in FY25. On profitability, the company posted a net profit of ₹192 crore for FY26, up 27% from ₹151 crore in the previous financial year, as cited in one report. Another passage in the provided material stated FY26 net profit at ₹1,929 crore and FY25 at ₹1,535 crore, which conflicts with the ₹192 crore and ₹151 crore figures repeated elsewhere in the same set of updates. The full-year revenue figures, however, were consistently presented around ₹1,163 crore for FY26 and ₹1,051 crore for FY25. Investors typically focus on the audited annual report and regulatory filing numbers for final confirmation.

Key figures at a glance

Market impact: what moved the stock

The immediate market reaction was visible in the sharp intraday move and new highs cited in the trading updates. The stock’s day move was reported in a range of roughly 6% to 12.5% across exchanges and timestamps, with prices cited from ₹1,314 up to ₹1,379. The combination of stronger YoY profit growth, a near-20% rise in quarterly revenue, and margin expansion provided the core support for the rally. The sequential revenue rebound from ₹240 crore in Q3FY26 to ₹488.24 crore in Q4FY26 also stood out in the reported data. These factors together helped the stock outperform broader market moves during the session.

Why the results mattered for investors

For investors tracking defence manufacturing plays, the reported Q4FY26 numbers showed simultaneous improvement in scale, profitability, and margins. The EBITDA margin expansion from 29.3% to 33.3% was a measurable improvement in operating efficiency for the quarter based on the disclosed numbers. The dividend recommendation of ₹2.40 per share added an additional shareholder return element to the result event. Full-year revenue growth of 11% to around ₹1,163 crore also positioned FY26 as a year of steady expansion in the figures cited. The next confirmation point for markets will be shareholder approval of the dividend at the AGM and any additional details the company provides through formal filings.

Conclusion

Astra Microwave Products’ March-quarter results showed higher profit, higher revenue, and improved margins, alongside a proposed final dividend of ₹2.40 per share. The stock reacted with a sharp intraday rally, with trading updates citing levels up to ₹1,379. Next, investors will watch for AGM-related updates on the dividend and for further clarity through regulatory disclosures on the full-year financials.