Astra Microwave Products Posts Quarterly Results; Announces Management Transitions
Astra Microwave Products Ltd has reported its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The company also announced significant changes in its senior management structure, confirming the resignation of a director and the appointment of Dr. M. V. Reddy as the Managing Director.The Board of Directors approved the quarterly results at its meeting on August 10, 2026. Management has also scheduled the 35th Annual General Meeting for September 18, 2026.
Quarterly Financial Performance Summary
Standalone Results (Quarter Ended June 30, 2026)Astra Microwave Products reported a Total income of 17,862.06 Rs. Lakhs in the quarter. The company recorded a profit for the period of 982.25 Rs. Lakhs and a total comprehensive income of 1,094.63 Rs. Lakhs. Earnings per basic equity share stood at 1.03 Rs.
Key performance indicators from the standalone results are summarized below:
| Particulars | Quarter Ended June 30, 2026 (Unaudited) | March 31, 2026 | June 30, 2025 |
|---|---|---|---|
| Total Income (a+b) | 17,862.06 Rs. Lakhs | 49,431.32 Rs. Lakhs | 19,979.42 Rs. Lakhs |
| Total Expenses | 16,545.86 Rs. Lakhs | 35,446.62 Rs. Lakhs | 18,254.13 Rs. Lakhs |
| Profit for the Period | 982.25 Rs. Lakhs | 10,526.35 Rs. Lakhs | 1,299.62 Rs. Lakhs |
| Basic EPS (Rs. 2/- per equity share) | 1.03 | 11.09 | 1.37 |
Consolidated Results (Quarter Ended June 30, 2026)
The consolidated results showed Total income of 17,905.38 Rs. Lakhs for the quarter. The Group reported a profit attributable to the owners of the company amounting to 1,234.83 Rs. Lakhs, with total comprehensive income reaching 1,344.77 Rs. Lakhs. Basic earnings per equity share were 1.30 Rs.
Key consolidated figures:
| Particulars | Quarter Ended June 30, 2026 (Unaudited) | March 31, 2026 | June 30, 2025 |
|---|---|---|---|
| Total Income (a+b) | 17,905.38 Rs. Lakhs | 49,523.43 Rs. Lakhs | 20,224.04 Rs. Lakhs |
| Total Expenses | 16,630.08 Rs. Lakhs | 35,325.43 Rs. Lakhs | 18,270.72 Rs. Lakhs |
| Profit for the Period (Owners) | 1,234.83 Rs. Lakhs | 10,597.81 Rs. Lakhs | 1,627.38 Rs. Lakhs |
| Basic EPS (Rs. 2/- per equity share) | 1.30 | 11.16 | 1.71 |
Leadership Transitions and Corporate Milestones
Director Resignation: The Board noted the resignation of Mr. S. Gurunatha Reddy, who was serving as Managing Director and Director of the Company. His cessation is effective from the close of business hours on September 30, 2026, to oversee the ongoing demerger of the Space and Meteorology Business per the Scheme of Arrangement. The company confirmed that there were no material reasons for his resignation apart from those stated in his resignation letter.Director Appointment: In a related development, the Board of Directors approved the appointment of Dr. M. V. Reddy (DIN: 00421401) as the Managing Director of the Company, effective October 1, 2026. This appointment is for the balance period of his existing tenure and is approved up to April 29, 2028, subject to approval by members at the ensuing Annual General Meeting. Dr. M. V. Reddy, who holds a Graduate degree in Engineering (Electronics) and a Post Graduate degree in Business Administration, brings 34 years of experience in Marketing and Business operations across Defense, Space, and Telecom segments in India and overseas markets.
Business Operations
As of June 30, 2026, the company maintained an order book totaling Rs. 2,156.44 crores (including service orders) for the standalone entity and Rs. 2,849.09 crores (including service orders) for the Group. The company recorded new orders booked during the quarter from April 01, 2026 to June 30, 2026 totaling Rs. 194.28 crores in the standalone segment and Rs. 431.91 crores in the consolidated group.ASTRAMICRO Stock Price Movement
As of 1:42 PM, Astra Microwave Products Limited sheds 6.76% in live trading, currently priced at ₹1715.60. The stock is seeing heavy selling pressure as it trades on a volume of 250,491 shares today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.