Rs 1,867 crore order book: Atim Kabra’s portfolio multibagger aerospace & defence stock reports stellar quarterly results (Q2FY24)!

The stock gave multibagger returns of 415 per cent in just 3 years and over 1,100 per cent in a decade.

Astra Microwave Products announced stellar Quarterly Results (Q2FY24) and robust order book for the year ended September 30, 2023. Here are the details:

According to the quarterly standalone results, the net sales increased by 10.59 per cent to Rs 188.99 crore, operating profit increased by 6.18 per cent to Rs 45.17 crore and net profit increased by 10.05 per cent to Rs 24.86 crore in Q2FY24 compared to Q2FY23. The geographical spread of total revenue for the quarter stands as follows: India – 52 per cent and Exports – 48 per cent.

According to the quarterly consolidated results, the net sales increased by 8.83 per cent to Rs 190.12 crore, operating profit increased by 8.88 per cent to Rs 45.06 crore and net profit increased by 15.07 per cent to Rs 24.17 crore in Q2FY24 compared to Q2FY23.

The company has a market capitalization of over Rs 5,200 crore. The company has been maintaining a healthy dividend payout of 29.3 per cent. As of September 30, 2023, the company’s order book stands at Rs 1,867 crore which is executable in the next 12 to 36 months period and orders booked during the quarter ended September 30, 2023, are worth Rs 405 crore. The net sales increased by 9 per cent to Rs 816 crore and net profit increased by 84 per cent to Rs 70 crore in FY23 compared to FY22.

Astra Microwave Products is involved in the development, design, and manufacture of sub-systems for Radio Frequency and microwave systems used in defence, space, meteorology, and telecommunication. As of September 30, 2023, Atim Kabra owns a 3.53 per cent stake in the company.

On Friday, shares of Astra Microwave Products Ltd plunged 0.46 per cent to Rs 557.86 per share from its previous closing of Rs 560.45. The shares of the company traded at an intraday high of Rs 569 and an intraday low of Rs 552.8. The stock’s 52-week high is Rs 577.7 per share and its 52-week low is Rs 213.15.

The stock gave multibagger returns of 415 per cent in just 3 years and over 1,100 per cent in a decade. Investors should keep an eye on this Small-Cap aerospace & defence stock. 

Disclaimer: The article is for informational purposes only and not investment advice.