Astra Microwave Products Share Price Falls Over 6% After Q1 FY27 Earnings Results: Total Income Down 11.5% YoY

Astra Microwave Products Limited has released its consolidated unaudited financial results for the quarter ended June 30, 2026, as per the exchange filings.  

The company reported a total income of ₹179.05 crore and net profit of ₹12.35 crore for the June 2026 quarter. 

Astra Microwave Products Q1 FY27 Earnings Results 

The total income for the quarter ended June 30, 2026, was recorded at ₹179.05 crore. This figure represents a decline of 11.5% on a year-over-year basis compared to the ₹202.24 crore reported in the same quarter of the previous year.  

When compared to the preceding March 2026 quarter, where the total income stood at ₹495.23 crore, the current revenue reflects a decrease of 63.8%. 

The net profit, or profit after tax, for the June 2026 quarter was ₹12.35 crore. This is a reduction of 24.1% compared to the net profit of ₹16.27 crore achieved in the corresponding quarter of the previous year.  

On a quarter over quarter basis, the net profit decreased by 88.3% from the ₹105.98 crore reported for the quarter ended March 31, 2026. 

Annual Financial Data for FY26 

In addition to the quarterly figures, the company provided consolidated data for the full financial year 2026. For the duration of FY26, the total income earned by Astra Microwave Products Limited stood at ₹1,181.29 crore. During this same fiscal period, the company recorded a net profit of ₹192.97 crore. 

Executive Leadership Changes 

Managing Director Mr. S. Gurunatha Reddy submitted his formal resignation from the board, which will take effect at the close of business hours on September 30, 2026. He is leaving to oversee the ongoing demerger of the company's Space, Meteorology, and Hydrology business. 

Following recommendations from the Nomination and Remuneration Committee, the board approved Joint Managing Director Dr. M. V. Reddy as the new Managing Director. His tenure begins October 1, 2026, and runs until April 29, 2028, subject to shareholder approval. 

Annual General Meeting 

The Board of Directors approved scheduling the company's 35th Annual General Meeting for Friday, September 18, 2026, at 3:00 P.M. The entire meeting will take place via video conferencing or other audio-visual means. 

The electronic results along with the official Limited Review Report will be uploaded concurrently to the corporate web platform. Investors can verify governance schedules directly from the updated stock exchange publications. 

Order Book Backlog 

The standalone order book stood robustly at ₹2,156.44 crore as of June 30, 2026. This baseline include service contracts worth ₹258.03 crore, while fresh orders booked during the quarter totaled ₹194.28 crore. 

The consolidated group order book, combining joint ventures and associates, reached ₹2,849.09 crore. Service components comprised ₹243.67 crore of this figure, with Q1 order inflows accounting for ₹431.91 crore. 

Corporate Restructuring Progress 

The board approved a Scheme of Arrangement on June 10, 2026, to split the entity. It provides for a demerger of the Space, Meteorology, and Hydrology Business into Astra Space Technologies Private Limited. 

The scheme has been submitted to both the BSE and NSE for regulatory No Objection clearance. Financial numbers do not yet reflect the demerger pending final regulatory and statutory board sanctions. 

Capital and Warrants 

The firm previously approved the allotment of up to 20,13,885 convertible warrants at a transaction price of ₹864 each. The entire structured issue aggregates up to a total capital value of ₹173.99 crore. 

The group successfully received upfront monies representing 25% of the proceeds, totaling ₹43.50 crore. Paid-up equity share capital remained steady at ₹18.99 crore divided into shares of ₹2 face value. 

Read More: Cera Sanitaryware Share Price Falls Over 4% After Q1 FY27 Earnings Results: Total Income Up 19.2% YoY! 

Astra Microwave Products Share Price Performance 

As of August 10, 2026, at 2:20 PM, Astra Microwave Products share price on NSE was trading at ₹1,726.80, down by 6.15% from the previous closing price. 

Conclusion 

Astra Microwave Products Limited reported a total income of ₹179.05 crore and a net profit of ₹12.35 crore for the quarter ended June 30, 2026. These figures represent declines of 11.5% and 24.1% respectively compared to the previous year. 

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