257.35 10.40 (4.21%)
567.1K NSE+BSE Volume
NSEDec 03, 2021 03:31 PM
Commenting on the performance Mr. S G Reddy, Managing Director, Astra Microwave Products Limited said, "Aided by external environment and internal capability, seeing good visibility on the order pipeline and new initiatives which gives us the confidence to say that we are at the cusp of multiyear growth trajectory. In the domestic market, we are witnessing good momentum and an improvement in margins is expected in the coming two quarters. In Q2FY22 on standalone basis, the company reported Rs. 176.82 crores of sales, marking growth of 69% on YoY basis. We registered EBITDA of Rs.10.64 crores with margin of 6.0%. Our order book as on 30th September, 2021 stands at Rs. 1,749.12 crores which is executable in the next 12 to 30 months period.
Self-reliance in defence has been the cornerstone of India's defence procrument policy. Atmanirbhar Bharat Abhiyan has created New Horizons of Growth for companies like Astra Microwave. A large number of state-of the-art weapon systems, platforms and equipment have been designed and developed by DRDO to meet the requirement of the armed forces through a strong indigenous technology base and we are proud to say that Astra is part of some these projects. We are excited to showcase Indigenous content into the global defence industry and evolving our business with diversified product mix and market. Astra is now targeting to move up value chain via partnerships & Make in India policy of the Government of India."