Conference Call with Astra Microwave Products Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Defence company Astra Microwave Products announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue stood at Rs 229 crore for Q2FY25 as against Rs 189 crore for Q2FY24. Gross margins was 39.6% for Q2FY25 as against 41.3% in Q2FY24. EBIDTA margins was 21.4% for Q2FY25 as against 22.0% in Q2FY24. PAT was at Rs 24 crore for Q2FY25 as against Rs 25 crore in Q2FY24. Geographical spread of total revenue for the quarter: India – 88.3% and Exports – 11.7%. H1FY25 Financial Highlights: Revenue stood at Rs 383 crore for H1FY25 as against Rs 322 crore for H1FY24. Gross margins improved to 40.5% for H1FY25 as against 35.6% in H1FY24. EBIDTA margins was 18.8% for H1FY25 as against 14.4% in H1FY24. PAT was at Rs 30 crore for H1FY25 as against Rs 21 crore in H1FY24. Geographical spread of total revenue for H1: India – 84.6% and Exports – 15.4%. S G Reddy, Managing Director, Astra Microwave Products, said: “With a decent start for the year in Q1, we reported an overall healthy performance for the first half of the year. On a YoY basis, we saw a 21% improvement in standalone revenue for Q2FY25 and 19% improvement for H1FY25. We were able to maintain attractive profitability levels with sustained margin expansions. The margin performance is mainly a reflection of our evolved and better product mix. We continue to remain focused on getting orders with higher complexity. As of September 2024, our orderbook stood at Rs 2,097, with an inflow of Rs 232 crore during the quarter. I am delighted to share that our standalone order inflows for H1 have already surpassed the Rs 530 crore, gradually moving towards our annual order win target. I would also like to highlight that this quarter there were multiple developments on a strategic front; we signed an MOU with Premier Explosives Limited to develop and sell multiple products jointly. Additionally, we also entered into a joint venture with Manjeera Digital Systems to establish a new entity focused on the manufacturing of NavIC chips and GNSS products using Navic chips. Such strategic developments, along with a strong push toward Make in India by the government, will help us develop a strong orderbook, explore new opportunities, and strengthen our overall capabilities. This gives us confidence for a robust domestic demand scenario going forward. Result PDF