Astra Wins Radar Contract: Astra Microwave company works on designing and making advanced RF and microwave components used in defence, space, telecom, and weather systems and other. It plays an important role in India’s defence tech sector, supplying important parts for radars, communication systems, and satellites that are used by organisations like DRDO and ISRO.
Astra Microwave Products saw a boost in its stock price by 2.30% as it touched ₹971 after the company got a major order from the Defence Research and Development Organisation (DRDO). The order, worth ₹1.35 billion, is for upgrading a ground-based radar system. This is a big win for Astra Microwave and the deal is expected to be completed in 18 months.
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The company made it very clear that there is no connection between its promoters or any related companies with DRDO, so this is not a related party deal. That also means it doesn’t need any special checks or pricing rules like other related contracts. This is just a direct business deal where Astra Microwave was chosen to do the job, swu its strong experience in this field.
Astra Microwave business performance
Astra Microwave is known for making high-quality components used in radio frequency (RF) and microwave systems. These are super important for things like radar, space tech, and defence systems. They also make subsystems and full systems for areas like telecom, weather study, and even civil communication. In simple words, they help build the ‘ears and eyes’ of modern defence systems that work with signals and waves.
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The company recently shared its earnings for the fourth quarter of FY25 and the numbers look strong. Astra Microwave posted a net profit of ₹734.9 million, which is 35.1% more than what they earned in the same quarter last year. Their revenue also increased, growing 15.2% year by year to reach ₹4.08 billion.
