Astra Microwave Q2 Results: Stock jumps 5% on strong profit growth, margin expansion
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Astra Microwave Products Ltd.
- ✓shares jumped over 5% on Thursday, November 12, after the company reported strong September quarter results.
- ✓Net profit more than doubled to ₹51 crore, while revenue grew to ₹263 crore.
Story at a Glance
- Category
- Indian Markets
- Reported By
- cnbctv18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Shares of Astra Microwave Products Ltd. gained over 5% on Thursday, November 12, after the company reported a 22.3% year-on-year (YoY) increase in consolidated revenue from operations to ₹263 crore for the September quarter from ₹215 crore in the corresponding quarter last year.
Net profit more than doubled to ₹51 crore from ₹24 crore a year ago. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 82.9% YoY to ₹87.8 crore, compared with ₹48 crore in the year-ago quarter.
EBITDA margin expansion was also strong, at over 11 percentage points to 33.4% from 22.3% during the same quarter last year.
Order book stands at ₹4,708 crore
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