Defence company Astra Microwave Products announced Q1FY25 results: Standalone: Revenue stood at Rs 154 crore for Q1FY25 as against Rs 133 crore for Q1FY24 Gross margins improved to 41.8% for Q1FY25 as against 27.5% in Q1FY24 EBIDTA margins was 15.1% for Q1FY25 as against 3.5% in Q1FY24 PAT was at Rs 5 crore for Q1FY25 as against loss of Rs 4 crore in Q1FY24 Geographical spread of total revenue for the quarter stands as follows: India – 79% and Exports – 21% Consolidated: Revenue stood at Rs 155 crore for Q1FY25 as against Rs 134 crore for Q1FY24 Gross margins improved to 43.8% for Q1FY25 as against 28.2% in Q1FY24 EBIDTA margins was 15.5% for Q1FY25 as against 2.3% in Q1FY24 PAT was at Rs 7 crore for Q1FY25 as against loss of Rs 7 crore in Q1FY24 Commenting on the performance S G Reddy, Managing Director, Astra Microwave Products said “During Q1FY25, we reported a satisfactory performance given the seasonality pattern which is typically observed in our business. On a YoY basis, we saw a 15.9% improvement in standalone revenue to Rs 154 Cr. This positive trajectory is further underscored by a significant enhancement in Gross Profit margins, attributable to a favorable geographic mix, which has also been reflected in our operational performance. Our momentum in securing new orders remains robust, with an impressive inflow of Rs 302 crore during the quarter. I am delighted to share that our standalone order book has surpassed the Rs2,000 crore milestone, standing at Rs 2,099 crore as of June 2024. Given the strong push toward Make in India, we remain optimistic about the domestic market's demand outlook. To remain at the cutting edge of innovation, we have expanded our work force including R&D; team during the quarter. During FY25, we are confident to achieve a topline in the range of Rs 1,000 to and Rs 1,100 crore with a PBT margin to the tune of 16-18%." Result PDF
Defence company Astra Microwave Products announced standalone Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue stood at Rs 353 crore for Q4FY24 as against Rs 256 crore for Q4FY23 Gross margins improved to 37.3% for Q4FY24 as against 28.5% in Q4FY23 EBIDTA margins was 22.8% for Q4FY24 as against 12.2% in Q4FY23 PAT was at Rs 50 crore for Q4FY24 as against Rs 12 crore in Q4FY23 Geographical spread of total revenue for the quarter stands as follows: India – 76% and Exports – 24% FY24 Financial Highlights: Revenue stood at Rs 904 crore for FY24 as against Rs 807 crore for FY23 EBITDA stood at Rs 194 crore for FY24 as against Rs 150 crore for FY23. EBITDA margin for FY24 stood at 21.4% vs 18.5% in FY23 Profit after Tax of Rs 113 crore in FY24 as against Rs 77 crore in FY23, a 300 bps of margin expansion Commenting on the performance, S G Reddy, Managing Director, Astra Microwave Products Limited said “This has been an excellent year for us, as we have grown exponentially and registered our highest ever financial performance across all metrics. Our consistent and disciplined approach towards performance has enabled us to successfully achieve the quarterly and full-year guidance given at the start of the year. Additionally, we have enhanced our overall product mix, leading to increased profitability throughout the year, and the same is also reflected in our current order book. Recently, we have also entered into a collaboration agreement with Teledyne e2v HiRel in order to provide semiconductor services to support the aerospace, defence, and reliability electronics markets. This agreement will pave the way for numerous new possibilities for us in the future. In Q4FY24, there was healthy execution of space orders, which resulted in 14% of revenue coming from this segment, compared to 6% in the last quarter. Further, we have budgeted an investment of Rs 40 crore to expand this business segment. As on March 24, our orderbook stood at Rs 1,956 crore, which is more than double of FY24 revenues. This order book consists of 88% domestic orders, which command superior margins. Going forward, we will continue to grow our capabilities strategically and achieve our targets step by step. For the coming year, we are targeting order booking to the tune of Rs 1,300 crore and a topline in the range of Rs 1,000 to 1,100 crore while maintaining our profit margins.” Result PDF