Astra Microwave Products : Press Release and Investor Presentation

Investor Release	CIN No: L293091G1991PLC013203

ASTRA MICROWAVE PRODUCTS LIMITED

Q3FY23 Standalone Results

Friday, 10th February 2023, Hyderabad - Astra Microwave Products Limited, engaged in the business of design, development and manufacture of RF and Microwave Components, sub-systems and systems used in defense, space, meteorology and telecommunication announced its un-audited Financial Results for the quarter ended December 31st, 2022.

Recorded highest ever quarterly EBITDA & PAT

Booked orders worth Rs. 89.5 Crores during Q3FY23;

Standalone Q3 FY23 Result Highlights

• The Revenues stood at Rs. 218.9 crores for Q3FY23 as against Rs. 199.1 crores for Q3FY22; growth of 9.9% YoY
• Gross margins jumped from 30.0% in Q3FY22 to 41.1% in Q3FY23. This surge has been driven by a higher focus on domestic markets
• EBIDTA of Rs. 53.0 crores for Q3FY23 was double in contrast to the EBIDTA of 26.2 in Q3FY22
• The company reported Profit after Tax of Rs. 30.3 crores in Q3FY23 saw a multifold increase as compared to Rs. 12.1 crores in Q3FY22 with margins going up to 13.8% from 6.1%
• Geographical spread of total revenue for the quarter stands as follows: India - 68% and Exports - 32%

	+9.9%
199	219
Q3FY22	Q3FY23

Revenue (Rs. In Cr)

13.2%	24.2%
+102.2%
	53
26
Q3FY22	Q3FY23

EBITDA (Rs. In Cr)

6.1% 13.8%

+149.8%

30

12

Q3FY22 Q3FY23

PAT (Rs. In Cr)

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Investor Release	CIN No: L293091G1991PLC013203

Standalone 9M FY23 Result Highlights

• The Revenues stood at Rs. 550.9 crores for 9MFY23 as against Rs. 496.1 crores for 9MFY22; growth of 11.1% YoY
• Gross profit increased by 50.7% to Rs. 215.7 crores in 9MFY23 vs Rs. 143.1 crores in 9MFY22
• Our 9MFY23 EBITDA of Rs. 118.4 crores was double the EBITDA in 9MFY22
• The company reported Profit after Tax of Rs. 64.3 crores in 9MFY23 as against Rs. 24.7 crores in 9MFY22 with margins soaring to 11.7% from 5.0%
• Geographical spread of total revenue stands as follows: India - 67% and Exports - 33%

+11.1%
496	551
9MFY22	9MFY23

Revenue (Rs. In Cr)

11.7%	21.5%
+104.4%
	118
58
9MFY22	9MFY23

EBITDA (Rs. In Cr)

5.0%	11.7%
+160.2%
	64
25
9MFY22	9MFY23

PAT (Rs. In Cr)

Orderbook Update

• Order book of Rs. 1,733.6 Crores as on December 31, 2022, which is primarily executable in the next 12 to 38 months period.
• Orders booked during the quarter till 31st December 2022 are worth Rs. 89.5 Crores.

Commenting on the performance Mr. S G Reddy, Managing Director, Astra Microwave Products

Limited said, "Our efforts in terms of revenue shift towards domestic markets continued to pay-off in Q3FY23. This focused approach helped us achieve our highest ever quarterly profits both in terms of EBITDA as well as PAT of Rs. 53 Crores and Rs. 30.3 Crores, respectively.

Going ahead, our healthy orderbook of Rs. 1,733.6 Crores, continues to mirror a similar geographic mix with domestic orders dominating the pie. Also, our sales contribution from the space segment is expected to be grow in the foreseeable future. This will help us further diversify our sales mix and enhance our margins.

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Investor Release	CIN No: L293091G1991PLC013203

India's defence production policy like Atmanirbhar Bharat Abhiyan and higher focus on our category in the recent budget will give an impetus to our growth in the future. This combined with the strides that we are making, Astra is targeting to achieve Rs. 2,000 Crores revenues over the next 4 to 5 years."

About Astra Microwave Products Limited

Astra Microwave Products Limited (Astra) was incorporated in 1991 by a team of distinguished scientists with experience in RF/Microwave/Digital electronics and management of projects with high technology content. The company has grown substantially since inception with continuous investments in infrastructure, captive test facilities and other resources. The company has various certificates such as AS9100D & BS EN ISO 9001:2015, ISO27001:2013, ISO9001:2015, ISO14001:2015, ISO45001:2018, ISO/IEC17025:2017. The company's product portfolio spans across Defense, Space, Meteorology, Homeland Security and Systems Verticals.

Astra has 3 Automatic assembly lines for PCBA assembly, 5 class 10K cleanrooms, functional test infrastructure that extends from 30MHz up to 40GHz, in-house Environment test facilities including EMI/EMC facility and a first for any Indian Private Industry - Near Field Antenna test and measurement range.

Starting with a diverse range of microwave products like filters, transmitters, receivers, antennas etc., the company has produced actual space-borne hardware that has flown on Indian satellites.

Safe Harbor Statement

Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.

For further details please contact:

Company	Investor Relations Advisor

Astra Microwave Products Limited	Strategic Growth Advisors Pvt Ltd.
CIN No: L293091G1991PLC013203	CIN No: U74140MH2010PTC204285
Mr. T. Anjaneyulu, GM - Company Secretary	Shikha Puri / Dharmik Kansara
Email id: [e-mail]	Email id:[e-mail] / [e-mail]
	Tel No: [phone] / [phone]

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Investor Presentation - Q3 FY23

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