Astra Microwave Products Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 14, 2023 at 04:52 am EST
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Astra Microwave Products Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 1,901.19 million compared to INR 1,746.92 million a year ago. Revenue was INR 1,935.28 million compared to INR 1,767.58 million a year ago. Net income was INR 300.22 million compared to INR 205.23 million a year ago. Basic earnings per share from continuing operations was INR 3.16 compared to INR 2.37 a year ago. Diluted earnings per share from continuing operations was INR 3.16 compared to INR 2.37 a year ago.
For the six months, sales was INR 3,238.48 million compared to INR 3,367.68 million a year ago. Revenue was INR 3,292.46 million compared to INR 3,396.44 million a year ago. Net income was INR 232.86 million compared to INR 286.25 million a year ago. Basic earnings per share from continuing operations was INR 2.49 compared to INR 3.3 a year ago. Diluted earnings per share from continuing operations was INR 2.49 compared to INR 3.3 a year ago.
Astra Microwave Products Limited is engaged in the business of designing, developing, and manufacturing sub-systems for radio frequency and microwave systems used in defense, space, meteorology and telecommunication. The Companyâs principal activities is to manufacture, produce, assemble, repair, maintain, import, export, buy, sell or otherwise deal in all kinds of electronic items and components, including various kinds of filters, power dividers, directional couplers amplifiers, circulators, isolators, power combiners, antennae, sources, voltage-controlled oscillators, terminations and loads, among others; systems and subsystems, and very high frequency (VHF), ultra-high frequency (UHF) and microwave bands for various kinds of applications. Its products include Radar, Sub-systems and Systems, Space onboard and ground Sub-systems, and Missile Electronics and Sub-systems. It offers a diverse range of microwave products like filters, transmitters, receivers and antennas.