Astra Microwave Shares Rise Following ₹250 Crore Defence Order
Astra Microwave rises after JV secures Rs 250 crore HAL order
Business Standard
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Astra Microwave Products' shares increased by 1.34% to ₹908.90 after its joint venture, Astra Rafael Comsys, secured a ₹250.58 crore order from Hindustan Aeronautics for software defined radios. The contract, expected to be completed within 18 months, highlights the company's role in defence communication systems.
- 01Astra Microwave's shares rose by 1.34% following a significant defence order.
- 02The joint venture secured an order worth ₹250.58 crore from Hindustan Aeronautics.
- 03The contract is for software defined radios, crucial for defence communication.
- 04The order will be executed within 18 months.
- 05Astra Microwave's net profit slightly declined while net sales saw a minor increase.
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Astra Microwave Products saw its shares rise by 1.34% to ₹908.90 after announcing that its joint venture, Astra Rafael Comsys, secured a significant order worth ₹250.58 crore from Hindustan Aeronautics Limited (HAL). This contract is specifically for the supply of software defined radios (SDRs), which are vital components in defence communication systems. The execution of this order is expected to take place over the next 18 months. In its recent financial report, Astra Microwave revealed a 1.31% decline in net profit, totaling ₹46.81 crore, while net sales increased by 0.66% to ₹260.25 crore for the third quarter ending December 2025 compared to the same period in 2024.
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The order is expected to bolster Astra Microwave's financial performance and could lead to job creation within the defence sector as the company ramps up production for the contract.
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