Integrated Filing — IndAS



General information about company

Scrip Code 532493
NSE Symbol ASTRAMICRO
MSEI Symbol NOTLISTED
ISIN INE386C01029
Name of company ASTRA MICROWAVE PRODUCTS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 03-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment RF & Microwave Products
Start date and time of board meeting 13-11-2025   11:30:00
End date and time of board meeting 13-11-2025   13:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 07-02-2025
Indicate Company website link for updated RPT policy of the Company https://astramwp.com/policies-1/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Company has not defaulted on Loans and Debt Securities



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 21,295.73 41,021.43
Other income 579.70 833.42
Total income 21,875.43 41,854.85
2 Expenses
(a) Cost of materials consumed 15,308.80 28,730.02
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (4,450.95) (6,934.47)
(d) Employee benefit expense 3,237.29 6,241.76
(e) Finance costs 1,329.44 2,773.36
(f) Depreciation, depletion and amortisation expense 998.79 1,925.57
(f) Other Expenses
1 Repairs and maintenance-- Plant and machinery 552.08 834.66
2 Repairs and maintenance-- Computers 139.77 225.67
3 Repairs and maintenance-- Others 153.61 300.72
4 Travelling and conveyance 427.63 821.90
5 Consumption of stores and spares 35.59 136.78
6 Power and fuel 135.84 281.73
7 Legal and professional fees 200.05 369.00
8 Business promotion expenses 85.72 205.81
9 Security charges 60.88 112.08
10 Other Expenses 791.65 1,235.73
Total other expenses 2,582.82 4,524.08
Total expenses 19,006.19 37,260.32
3 Total profit before exceptional items and tax 2,869.24 4,594.53
4 Exceptional items 0.00 0.00
5 Total profit before tax 2,869.24 4,594.53
6 Tax expense
7 Current tax 942.27 1,475.02
8 Deferred tax (143.26) (250.34)
9 Total tax expenses 799.01 1,224.68
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 2,070.23 3,369.85
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 2,070.23 3,369.85
17 Other comprehensive income net of taxes 6.55 146.69
18 Total Comprehensive Income for the period 2,076.78 3,516.54
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1,898.90 1,898.90
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.18 3.55
Diluted earnings (loss) per share from continuing operations 2.17 3.53
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.18 3.55
Diluted earnings (loss) per share from continuing and discontinued operations 2.17 3.53
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1.The Standalone unaudited financial results for the quarter and half year ended September 30, 2025, Standalone unaudited statement of assets and liabilities as at September 30, 2025 and Standalone unaudited statement of cash flows for the half year ended September 30, 2025 ('Standalone Statements') have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The same were, as reviewed by the Audit Committee, considered and approved by the Board of Directors in their meeting held on November 13, 2025. 2.The Company has only one business segment i.e. it deals in Radio Frequency & Microwave products and hence segment wise reporting is not applicable. 3.The company has an order book of Rs. 1,908.78 crores as at September 30, 2025 which also includes Rs. 181.56 crores pertaining to service orders. Orders booked during the period from April 01,2025 to September 30, 2025 are of Rs. 375.79 crores. 4.The Board of the Directors of the Company at its meeting held on May 20, 2025 and the shareholders of the company at Extraordinary General Meeting held on June 13, 2025 has approved the allotment of up to 20,13,885 convertible warrants each convertible into, or exchangeable for, one fully paid up equity share of the Company, having a face value of Rs. 2, within the period of eighteen months in accordance with the applicable laws at a price of Rs. 864 aggregating up to Rs.173.99 crores (issue proceeds). During the half-year ended September 30, 2025, the Company has received 25% of the issue proceeds i.e., 43.50 crores (Upfront monies) on June 23, 2025 and June 24, 2025.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 21,613.44
Capital work-in-progress 140.84
Investment property 0.00
Goodwill 0.00
Other intangible assets 613.63
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 3,852.28
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 805.93
Total non-current financial assets 4,658.21
Deferred tax assets (net) 1,200.11
Other non-current assets 736.64
Total non-current assets 28,962.87
2 Current assets
Inventories 60,824.48
Current financial asset
Current investments 0.00
Trade receivables, current 60,838.99
Cash and cash equivalents 9,726.59
Bank balance other than cash and cash equivalents 7,950.78
Loans, current 0.00
Other current financial assets 0.00
Total current financial assets 78,516.36
Current tax assets (net) 84.63
Other current assets 5,953.71
Total current assets 1,45,379.18
3 Non-current assets classified as held for sale 92.73
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 1,74,434.78
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,898.90
Other equity 1,12,867.57
Total equity attributable to owners of parent 1,14,766.47
Non controlling interest
Total equity 1,14,766.47
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 3,302.47
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 0.00
Total non-current financial liabilities 3,302.47
Provisions, non-current 1,368.24
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities 8,938.20
Total non-current liabilities 13,608.91
Current liabilities
Current financial liabilities
Borrowings, current 24,030.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 2,616.41
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 5,037.56
Total Trade payable 7,653.97
Other current financial liabilities 2,094.54
Total current financial liabilities 33,778.51
Other current liabilities 11,707.30
Provisions, current 475.24
Current tax liabilities (Net) 98.35
Deferred government grants, Current 0.00
Total current liabilities 46,059.40
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 59,668.31
Total equity and liabilites 1,74,434.78
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of post-employment benefit obligations 875000 19602000
Total Amount of items that will not be reclassified to profit and loss 8.75 196.02
2 Income tax relating to items that will not be reclassified to profit or loss 2.20 49.33
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 6.55 146.69



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 4,594.53
Adjustments for reconcile profit (loss)
Adjustments for finance costs 2,773.36
Adjustments for decrease (increase) in inventories 13.04
Adjustments for decrease (increase) in trade receivables, current 17,748.18
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (977.83)
Adjustments for decrease (increase) in other non-current assets 44.57
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 53.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 72.25
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (2,227.71)
Adjustments for increase (decrease) in other non-current liabilities 3,462.97
Adjustments for depreciation and amortisation expense 1,925.57
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (4.80)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (574.49)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 22,308.11
Net cash flows from (used in) operations 26,902.64
Dividends received 0.00
Interest paid 0.00
Interest received (315.70)
Income taxes paid (refund) 2,545.25
Other inflows (outflows) of cash (409.35)
Net cash flows from (used in) operating activities 23,632.34
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 1.49
Purchase of property, plant and equipment (1,313.52)
Proceeds from sales of investment property 212.23
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets (217.15)
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 315.70
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (3,712.09)
Net cash flows from (used in) investing activities (1,652.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 4,349.99
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares (35.02)
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings (40,271.08)
Repayments of borrowings (54,791.79)
Payments of lease liabilities 0.00
Dividends paid (2,085.53)
Interest paid (2,091.64)
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (37,465.80)
Net cash flows from (used in) financing activities (14,382.91)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 7,597.43
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 7,597.43
Cash and cash equivalents cash flow statement at beginning of period 2,129.16
Cash and cash equivalents cash flow statement at end of period 9,726.59





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Price Waterhouse Chartered Accountants LLP Yes 30-11-2026


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 30-06-2025
Amount Raised 4,349.99
Report filed for Quarter ended 30-09-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CRISIL Ratings Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review false
Comments of the auditors, if any false
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Fund being raised to meet the Working Capital Requirements and General Corporate Purposes (25%) Nil 4,349.99 0.00 4,349.99 0.00 During the Quarter the Company has not raised any amount. This Statement of Deviation or variation is w.r.t the funds raised on preferential issue on 30.06.2025 during last quarter.


Signatory Details

Name of signatory Rahul Rungta
Designation of person Chief Financial Officer
Place Hyderabad
Date 13-11-2025




Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Astra Microwave Products Limited Bhavyabhanu Electronics Private Limited Wholly Owned Subsidiary of Astra Microwave Products Ltd. Any other transaction Purchase & Sale of Goods/Service & Leases & Equity Investment & Loan and Advance taken (Unsecured) Nil 880.51 30.99 253.05
2 Astra Microwave Products Limited Aelius Semiconductors Pte. Ltd., Singapore Wholly Owned Subsidiary of Astra Microwave Products Ltd. Any other transaction Purchase & Sale of Goods/Service & Leases & Equity Investment & Loan and Advance taken (Unsecured) Nil 11.20 2.50 0.00
3 Astra Microwave Products Limited Janyu Technologies Private Limited Associate Company Advance Nil 0.00 21.00 21.00
4 Astra Microwave Products Limited Astra Rafael Comsys Private Limited Joint Venture Company Entities with joint control or significant influence over entity Any other transaction Sales of Goods /Service & Loan and Advance taken & Equity Investment & Receivables (Unsecured) Nil 4,865.70 7,926.92 12,437.26
5 Astra Microwave Products Limited Mr. S. Gurunatha Reddy Key management personnel (Managing Director) Remuneration Nil 32.62 0.00 0.00
6 Astra Microwave Products Limited Mr. M. Venkateshwar Reddy Key management personnel (Joint Managing Director) Remuneration Nil 32.62 0.00 0.00
7 Astra Microwave Products Limited Mr.Atim Kabra Key management personnel (Director - Strategy and Business Development Remuneration Nil 6.30 0.00 0.00
8 Astra Microwave Products Limited Mr. Rahul Rungta Key management personnel (CFO) Any other transaction Salary & Allowances Nil 10.79 0.00 0.00
9 Astra Microwave Products Limited Mr. T. Anjaneyulu Key management personnel (CS) Any other transaction Salary & Allowances Nil 9.75 0.00 0.00
Total value of transaction during the reporting period 5,849.49