$ASTRAMICRO Astra Microwave Products (ASTRAMICRO) has reported strong financial growth in FY26

Astra Microwave Products (ASTRAMICRO) has reported strong financial growth in FY26, announced a ₹2.40 per share dividend, and approved the demerger of its Space, Meteorology, and Hydrology businesses into a new subsidiary, Astra Space Technologies Pvt Ltd. The company’s Q2 FY26 results also showed a sharp rise in profit after tax (₹23.9 Cr, up 46.9% QoQ) and a healthy order book of over ₹2,141 Cr. 📊 Key Financial Highlights FY26 Results (Year ending March 31, 2026): Standalone profit: ₹177.84 Cr Consolidated profit: ₹192.07 Cr Standalone revenue: ₹1,155.67 Cr Consolidated revenue: ₹1,162.80 Cr Dividend: ₹2.40 per share (pending shareholder approval) Q2 FY26 (Quarter ending Sep 25, 2026): Operating profit: ₹37.77 Cr (+19.5% QoQ) Profit after tax: ₹23.90 Cr (+46.9% QoQ) Total income: ₹214.59 Cr (+7.4% QoQ) Operating margin: 17.6% Diluted EPS: ₹2.51 (+46.8% QoQ) 🛰️ Strategic Developments Demerger Plan: Space, Meteorology, and Hydrology businesses to be spun off into Astra Space Technologies Pvt Ltd. Aim: Focused management and unlocking shareholder value. Requires regulatory and legal approvals. Order Book Strength: Current order book: ₹2,141.21 Cr. New orders booked in FY26: ₹1,335.58 Cr. Includes major defense and aerospace contracts. 📈 Stock Market Performance NSE Price (July 31, 2026): ₹1,935.80 (+12.16%) BSE Price (July 31, 2026): ₹1,920 (+11.28%) 52-week range: ₹835.90 – ₹1,873.55 Trend: Long-term bullish, short-term neutral to moderately bearish. ⚠️ Risks & Considerations Demerger Risks: Regulatory delays or modifications could impact timelines. Market Volatility: Short-term bearish signals suggest caution for traders. Leadership Changes: Managing Director S. Gurunatha Reddy stepping down effective Sept 30, 2026.