Astra Microwave Products Ltd Share Price – NSE  / BSE

Aerospace & Defence, Small Cap

Net profit of Astra Microwave Products declined 15.42% to Rs 25.39 crore in the quarter ended September 2024 as against Rs 30.02 crore during the previous quarter ended September 2023. Sales rose 20.77% to Rs 229.61 crore in the quarter ended September 2024 as against Rs 190.12 crore during the previous quarter ended September 2023.

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Astra Microwave Products will hold a meeting of the Board of Directors of the Company on 12 November 2024

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The purpose of the agreement is to undertake the manufacturing of NavIC chips and GNSS products using the NavIC chip.

The board of the joint venture company (JVC) shall comprise four directors, with each party appointing two directors, and the parties shall jointly appoint or nominate the chief executive officer (CEO), chief financial officer (CFO), company secretary, auditor, and other key managerial personnel (KMP) for the JVC.

The shareholding in the joint venture will be equally divided, with Astra holding 50% and Manjeera holding 50%.

Astra Microwave Products designs and manufactures high-value-added RF and microwave super components and sub-systems that find application in defence, space, and civil communication systems.

The company’s consolidated net profit soared 206.8% to Rs 7.20 crore on 16% increase in net sales to Rs 155.18 crore in Q1 FY25 over Q1 FY24.

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Astra Microwave Products has received reaffirmation in credit ratings from CRISIL for the company's bank facilities as under:

Long term bank facilities - CRISIL A/ Stable
Short term bank facilities - CRISIL A1
Corporate credit rating - CRISIL A/ Stable

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