Astra Microwave shares tank 9% after profit, revenue take a hit in Q1FY27
Astra Microwave shares fell nearly 9% after Q1FY27 profit declined 24% and revenue dropped 12% year-on-year. EBITDA also weakened, while margins narrowed. The defence company announced a leadership transition, with M.V. Reddy set to become managin...
By Gaurav Kumar, ETMarkets.com |
Agencies
Astra Microwave shares fell sharply after weaker Q1 earnings showed declining profit, revenue and EBITDA, alongside an upcoming managing director transition.
Shares of Astra Microwave Products came under pressure on Monday, August 10, after the aerospace and defence sector player announced its financial results for the first quarter of FY27.
Following the results announcement, Astra Microwave shares declined as much as 8.96% to Rs 1,675 during intraday deals. The stock has fallen 14.54% from its 52-week high of Rs 1,960 apiece, touched on July 31, 2026. However, it has gained 75.48% year-to-date, according to exchange data.
The counter continued to trade under pressure during the session. At 2:57 PM on Monday, Astra Microwave shares were quoted at Rs 1,727.70 apiece, down 6.10% from the previous close. At the same time, the benchmark NSE Nifty50 was at 24,555, down 15 points, or 0.06%.
ALSO READ: Nifty at 25,100 next? Anand James explains the level bulls must first conquer
Astra Microwave Q1FY27 Results
According to the exchange filing submitted by the company, profit attributable to the owners declined 24.10% to Rs 12.34 crore in Q1FY27, compared with Rs 16.26 crore reported in Q1FY26 on a consolidated basis.
Revenue from operations also declined to Rs 176.66 crore during the quarter under review, down 11.54% year-on-year (YoY) from Rs 199.72 crore reported in the corresponding quarter of the previous fiscal year.
Astra Microwave's total expenses fell 8.97% YoY to Rs 166.3 crore from Rs 182.7 crore.
The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) declined 17.6% to Rs 33.7 crore from Rs 41 crore in the year-ago quarter.
Meanwhile, the EBITDA margin stood at 19%, compared with 20.4% a year earlier.
Astra Microwave announces management change
Astra Microwave also informed the exchanges that S. Gurunatha Reddy will cease to be the Managing Director and Director of the company with effect from the close of business hours on September 30, 2026.
The company further said that M. V. Reddy, who is currently serving as Joint Managing Director, will take over as Managing Director with effect from October 1, 2026.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Following the results announcement, Astra Microwave shares declined as much as 8.96% to Rs 1,675 during intraday deals. The stock has fallen 14.54% from its 52-week high of Rs 1,960 apiece, touched on July 31, 2026. However, it has gained 75.48% year-to-date, according to exchange data.
The counter continued to trade under pressure during the session. At 2:57 PM on Monday, Astra Microwave shares were quoted at Rs 1,727.70 apiece, down 6.10% from the previous close. At the same time, the benchmark NSE Nifty50 was at 24,555, down 15 points, or 0.06%.
ALSO READ: Nifty at 25,100 next? Anand James explains the level bulls must first conquer
Astra Microwave Q1FY27 Results
According to the exchange filing submitted by the company, profit attributable to the owners declined 24.10% to Rs 12.34 crore in Q1FY27, compared with Rs 16.26 crore reported in Q1FY26 on a consolidated basis.
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Revenue from operations also declined to Rs 176.66 crore during the quarter under review, down 11.54% year-on-year (YoY) from Rs 199.72 crore reported in the corresponding quarter of the previous fiscal year.
Astra Microwave's total expenses fell 8.97% YoY to Rs 166.3 crore from Rs 182.7 crore.
The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) declined 17.6% to Rs 33.7 crore from Rs 41 crore in the year-ago quarter.
Meanwhile, the EBITDA margin stood at 19%, compared with 20.4% a year earlier.
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Astra Microwave announces management change
Astra Microwave also informed the exchanges that S. Gurunatha Reddy will cease to be the Managing Director and Director of the company with effect from the close of business hours on September 30, 2026.
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The company further said that M. V. Reddy, who is currently serving as Joint Managing Director, will take over as Managing Director with effect from October 1, 2026.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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