Astra Microwave cuts FY27 revenue guidance by 7%
Management trimmed its annual revenue target to ₹1,300-1,400 crore, citing execution caution, while pushing back key radar program timelines.
— 1 earlier story on Astra Microwave Products Ltd. →What's new
- Revenue guidance lowered from the previous ₹1,400-1,500 crore range.
- Su-30 radar upgrade production orders now pushed out to after FY31.
- Board approved the in-principle demerger of space, meteorology, and hydrology units.
Why this matters
The guidance cut and the multi-year delay on the Su-30 program suggest that execution hurdles are mounting. While Q4 margins hit a strong 33.3%, management's warning of normalization indicates that profitability is likely to soften from here.
What we're watching
- The launch of Astra-branded IP products scheduled for before Diwali.
- Specific timelines for the proposed business demerger.
- Whether order book visibility offsets the slower execution pace.
The full read
Astra Microwave is tempering expectations. Management lowered its revenue guidance for the current year to ₹1,300-1,400 crore, a 7% reduction at the midpoint from its previous ₹1,400-1,500 crore projection. The shift stems from a more cautious view on execution, which is further evidenced by the 2-3 year delay in the Su-30 radar upgrade program, now pushed to after FY31. While the company delivered a strong 33.3% EBITDA margin in Q4, management warned that this performance is unlikely to persist. Investors are now looking to the company's plan to launch its first Astra-branded IP products before Diwali and the board's in-principle approval to demerge its space, meteorology, and hydrology divisions. The combination of lower guidance and delayed project timelines suggests that the company's near-term growth path is becoming more difficult to navigate.
Questions answered
- Why did Astra Microwave reduce its revenue guidance?
- Management cited a cautious outlook on execution as the primary reason for lowering the FY27 revenue target to ₹1,300-1,400 crore.
- What is the status of the Su-30 radar upgrade program?
- The program has faced delays, with production orders now expected only after FY31, a push-out of 2-3 years.
- What should investors expect regarding profit margins?
- Although the company recorded 33.3% EBITDA margins in Q4, management has advised that these levels will likely normalize.
- What structural changes are planned for the company?
- The board has approved the in-principle demerger of its space, meteorology, and hydrology business segments.
Story so far
All notes on ASTRAMICRO →- 27 May 2026 · 1:23 PM IST Astra Microwave cuts FY27 revenue guidance by 7%
- 1d ago Astra Microwave profit jumps 24% as Q4 momentum builds