Astra Microwave Reports Impressive Q1 FY25 Results, Receives 'Hold' Call from MarketsMOJO

Astra Microwave Products, a midcap company in the defence industry, has recently declared its financial results for the quarter ended March 2024. The company has received a ‘Hold’ call from MarketsMOJO, a leading financial analysis platform.

According to the financials, Astra Microwave has shown outstanding performance in the quarter, with a significant improvement in its score from 15 to 31 in the last three months. The company’s Profit Before Tax (PBT) has grown by 186.5% to Rs 68.58 crore, compared to the average PBT of the previous four quarters at Rs 23.94 crore. The Profit After Tax (PAT) has also seen a growth of 171.4% to Rs 54.40 crore, compared to the average PAT of Rs 20.05 crore in the previous four quarters. The company’s Net Sales have also shown a positive trend, with a growth of 74.1% to Rs 353.96 crore, compared to the average Net Sales of Rs 203.33 crore in the previous four quarters.

Astra Microwave’s ability to manage interest payments has also improved, with the Operating Profit to Interest ratio being the highest at 8.50 times in the last five quarters. The company’s Operating Profit (PBDIT) for the quarter was also the highest at Rs 80.71 crore, while the PBT and PAT were also at their highest at Rs 68.58 crore and Rs 54.40 crore, respectively. The company’s Earnings per Share (EPS) for the quarter were also at their highest at Rs 5.73, indicating an increase in profitability and higher earnings for shareholders.

However, there are some areas that need improvement for Astra Microwave. The company’s interest cost has risen by 28.87% to Rs 17.63 crore in the last half-yearly period, indicating increased borrowings. The Debtors Turnover Ratio has also fallen to its lowest at 1.80 times in the last five half-yearly periods, indicating a slower pace of settling debts.

Overall, Astra Microwave has shown a strong financial performance in the quarter ended March 2024, with positive trends in key areas. However, the company needs to address its rising interest cost and improve its pace of settling debts to maintain its growth trajectory.