Astra Microwave Products Q1 Review - Execution, Margins Expected To Improve: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Astra Microwave Products Ltd. has reported better than expected Q1 FY23 numbers. Revenue was up 25.8% YoY. Ebitda margin improved QoQ to 14.3% (scope of significant improvement as domestic execution moves to 70% of the mix). Order book outstanding (standalone) was Rs 16.63 billion, to be executed in next 12-30 months – order inflow being Rs 2.53 billion during Q1 FY23. In Q2 FY23, Astra Mircowave is expecting orders worth Rs 4 billion (domestic Rs 3.8 billion plus export Rs 0.2 billion) and in Q3 FY23 and Q4 FY23, the company is expecting orders worth Rs 2.5 billion each. Astra Microwave expects to convert Rs 70-80 billion out of Rs 145 billion potential inflow till FY28E into confirmed orders and delineated key strategic focus areas to capture the same..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Astra Microwave Products Q1 Review - Execution, Margins Expected To Improve: ICICI Securities

Astra Microwave Products Q1 Review - Execution, Margins Expected To Improve: ICICI Securities

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