Astra Microwave Products Ltd Share Price – NSE  /  BSE

Aerospace & Defence, Small Cap

Astra Microwave Products has secured an order of Rs 56 crore from Hindustan Aeronautics for supply, installation, testing and commissioning of precision approach radar system.

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The company has received orders worth Rs 56 crore from Hindustan Aeronautics (HAL) for supply, installation, testing and commissioning of precision approach radar (PAR) system. The said order will be completed within 10 months.

Meanwhile, the company has also received orders worth Rs 385.58 crore from Bharat Electronics, Ghaziabad for supply of MPR sub systems. The said order will be completed within 36 months.

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 jumped 56.7% to Rs 43.38 crore in Q3 FY24 as compared with Rs 27.68 crore in Q3 FY23. Revenue from operations increased 4.9% YoY to Rs 231.02 crore in Q3 FY24.

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The said order will be completed within 36 months.

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 jumped 56.7% to Rs 43.38 crore in Q3 FY24 as compared with Rs 27.68 crore in Q3 FY23. Revenue from operations increased 4.9% YoY to Rs 231.02 crore in Q3 FY24.

The scrip rallied 9.41% to ends at Rs 595.70 on Thursday, 28 March 2024. The domestic market is closed today, on account of Good Friday.

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Astra Microwave Products has received reaffirmation in credit rating for the company's bank facilities at 'CRISIL A; Stable / CRISIL A1'.

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