Astra Microwave Products Q4 FY26 Results: Net Profit Jumps 44%, Revenue Surges 20% — Stock Hits 52-Week High
By Kaushik Brahmakshatriya
Published On 26 May 2026.
Astra Microwave Products Q4 FY26 Results
India’s leading defence and aerospace electronics manufacturer, Astra Microwave Products Limited (NSE: ASTRAMICRO), delivered an exceptional set of financial results for the fourth quarter of FY2025–26. Declared at a Board meeting on May 26, 2026, the Q4 FY26 numbers beat street expectations across all key parameters — profit, revenue, and margins — triggering a sharp rally in the stock that took shares to their 52-week high of ₹1,379.70 on the BSE.
Q4 FY26 Highlights at a Glance
The quarter ended March 31, 2026, proved to be the strongest of the fiscal year for Astra Microwave. Consolidated net profit surged 44–45% year-on-year to ₹106 crore, compared to ₹73 crore in Q4 FY25. Revenue from operations climbed 19.6% YoY to ₹488 crore, up from ₹408 crore in the same quarter last year. Operating profit (EBITDA) expanded by 36% annually to ₹162 crore, against ₹120 crore in Q4 FY25 — a clear signal of strong margin expansion at the operating level.
The results were audited by Price Waterhouse Chartered Accountants LLP, which issued an unmodified opinion on both standalone and consolidated financial statements, adding credibility to the reported numbers.
Q4 FY26 Financial Performance Table
| Metric | Q4 FY26 | Q4 FY25 | YoY Growth |
| Revenue from Operations | ₹488 crore | ₹408 crore | +19.6% |
| EBITDA (Operating Profit) | ₹162 crore | ₹120 crore | +36.0% |
| Net Profit (Consolidated) | ₹106 crore | ₹73 crore | +44–45% |
| Stock Price (May 26, 2026) | ₹1,360.90 | — | +10.14% |
| 52-Week High (Intraday) | ₹1,379.70 | — | All-time high |
Full Year FY26 Performance — Another Record Year
The strong Q4 was the perfect close to a stellar full financial year. For FY2025–26 on a consolidated basis:
- Revenue from operations crossed ₹1,163 crore, up 11% from ₹1,051 crore in FY25
- Total consolidated income stood at ₹1,181.29 crore, growing 10.5% YoY
- Net profit jumped 25.7% to ₹192.97 crore from ₹153.51 crore in the prior year
- Consolidated basic EPS improved to ₹20.32 per share from ₹16.17, reflecting strong profit growth across subsidiaries and joint venturesFor shareholders, the Board has recommended a final dividend of ₹2.40 per equity share — a 120% payout on the face value of ₹2 per share — subject to approval at the upcoming Annual General Meeting
- For shareholders, the Board has recommended a final dividend of ₹2.40 per equity share — a 120% payout on the face value of ₹2 per share — subject to approval at the upcoming Annual General Meeting.
FY26 vs FY25 Full Year Comparison
| Metric | FY26 | FY25 | YoY Change |
| Revenue from Operations | ₹1,163 crore | ₹1,051 crore | +11% |
| Total Consolidated Income | ₹1,181.29 crore | ₹1,068.71 crore | +10.5% |
| Net Profit (Consolidated) | ₹192.97 crore | ₹153.51 crore | +25.7% |
| Basic EPS (Consolidated) | ₹20.32 | ₹16.17 | +25.7% |
| Dividend per Share | ₹2.40 | — | 120% on FV |
Order Book & Business Outlook
One of the most encouraging aspects of the Q4 FY26 results is the robust order pipeline. As of March 31, 2026, the group’s total order book — including joint ventures — stood at ₹2,609.99 crore, which includes ₹230.68 crore from service orders. During FY26, the company booked fresh orders worth ₹1,660.22 crore, underscoring strong demand momentum from defence, space, and export customers.
The company is also advancing a major business restructuring plan aimed at unlocking value in its fast-growing space segment, with a proposed demerger expected to provide greater strategic focus. In April 2026, a joint venture secured a ₹250.58 crore order from HAL for defence radio systems, adding to the already healthy pipeline.
Order Book & Key Business Metrics
| Parameter | Value (as of March 31, 2026) |
| Total Order Book (Group + JVs) | ₹2,609.99 crore |
| Service Orders (Included) | ₹230.68 crore |
| New Orders Booked in FY26 | ₹1,660.22 crore |
| Market Capitalisation | ₹12,917 crore |
| P/E Ratio | 76.74x |
Why This Result Matters for Investors
Astra Microwave is a core beneficiary of India’s defence indigenisation push under the Atmanirbhar Bharat initiative. With a strong presence in radar, electronic warfare, and space communication systems, the company is well-placed to capture a growing share of India’s rising defence capital expenditure. The combination of double-digit revenue growth, 44% quarterly profit surge, a record order book, and a forthcoming business demerger makes this one of the most closely watched mid-cap defence stocks on Indian exchanges.
The stock’s jump to a 52-week high on results day — with shares up over 10% intraday — reflects investor confidence in the company’s execution and growth runway ahead.
Frequently Asked Questions (FAQ) — People Also Ask
Q1. What was Astra Microwave Products’ net profit in Q4 FY26?
Astra Microwave Products reported a consolidated net profit of ₹106 crore in Q4 FY26, which is a 44–45% increase compared to ₹73 crore in Q4 FY25.
Q2. What was Astra Microwave’s revenue in Q4 FY26?
The company’s consolidated revenue from operations in Q4 FY26 was ₹488 crore, reflecting a year-on-year growth of approximately 19.6%.
Q3. What dividend has Astra Microwave declared for FY26?
The Board of Directors has recommended a final dividend of ₹2.40 per equity share for FY2025–26, representing a 120% payout on the face value of ₹2 per share, subject to shareholder approval at the AGM.
Q4. What is Astra Microwave’s order book as of March 2026?
As of March 31, 2026, Astra Microwave’s group and JV order book stood at ₹2,609.99 crore, including ₹230.68 crore from service orders. The company booked new orders worth ₹1,660.22 crore during FY26.
Q5. What is Astra Microwave’s FY26 full-year net profit?
On a consolidated basis, Astra Microwave’s net profit for the full year FY26 grew 25.7% to ₹192.97 crore, compared to ₹153.51 crore in FY25.
Q6. Why did Astra Microwave share price rise on May 26, 2026?
The stock rallied over 10% intraday, touching a 52-week high of ₹1,379.70, after the company declared Q4 FY26 results that significantly beat market expectations on both profit and revenue fronts.
Q7. What business restructuring is Astra Microwave planning?
Astra Microwave is working on a demerger of its space business to unlock value and provide sharper strategic focus to each segment — defence, space, and exports.
Conclusion
Astra Microwave Products has closed FY26 on a high note, with every key financial metric moving in the right direction. A 44% quarterly profit jump, 20% revenue growth, robust order inflows, record order book, and a meaningful dividend payout collectively make this one of the standout earnings announcements in India’s defence sector for Q4 FY26. With a planned space business demerger in the pipeline and India’s defence spending trajectory firmly upward, Astra Microwave remains a compelling story for long-term investors tracking the domestic defence and aerospace theme.
Disclaimer
This blog does not provide financial, investment, or trading advice. All content is for educational and informational purposes only. Please consult a certified financial advisor before making any investment decisions. The author will not be responsible for any financial losses incurred
