Astra Microwave Products Full Year 2024 Earnings: Beats Expectations

Astra Microwave Products (NSE:ASTRAMICRO) Full Year 2024 Results

Key Financial Results

• Revenue: ₹9.09b (up 11% from FY 2023).
• Net income: ₹1.21b (up 73% from FY 2023).
• Profit margin: 13% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ₹12.86 (up from ₹8.06 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Astra Microwave Products Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 24%.

The primary driver behind last 12 months revenue was the India segment contributing a total revenue of ₹8.68b (95% of total revenue). Notably, cost of sales worth ₹5.63b amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to ₹1.16b (52% of total expenses). Explore how ASTRAMICRO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in Asia.

Performance of the market in India.

The company's shares are down 4.8% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Astra Microwave Products, and understanding it should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com