Astra Micro on winning spree

Astra Microwave Products is the top gainer on the BSE currently; on the back of a 4x surge in volumes, the opened over 6% higher at Rs.849.85 and went on to hit a new 52-week high at Rs.914, a rise of more than 14%.

The company posted one of its best performances for a quarter and fiscal. For Q4FY24, it  consolidated revenue rose 37% (YoY) at Rs.354 crore on which PAT came in at Rs.54 crore, up more than 4-times from Rs.12 crore. EBITDA was at Rs.81 crore, up 135% while margins improved from 13.3% to 22.8%.

The company ended FY24 with a PAT of Rs.121 crore, up 73% on a 1% jump in revenue at Rs.909 crore.

Enhancing its overall product mix has largely led to increased profitability, plus 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.

As at  March 24, its 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. For FY25, the company has targeted an order book to the tune of Rs. 1,300 crore and a topline in the range of Rs. 1,000 to 1,100 crore while maintaining its profit margins.