Astra Micro Q3 margin expands to 31.7%; Stock declines

Shares of Astra Microwave Products Ltd. were trading 2% lower on Thursday, February 12, as it reported its third quarter earnings.

While its net profit declined marginally, its revenue, EBITDA increased and margin expanded.

Astra Micro's net profit was down 1.3% at ₹46.8 crore compared to ₹47.4 crore in the previous year.

Its revenue increased 1% as well to ₹260 crore from ₹258.5 crore in the third quarter of the previous fiscal.



Its earnings before interest, tax, depreciation and amortisation (EBITDA) increased 8.4% to ₹82.6 crore from ₹76.2 crore in the previous year.

Its margin expanded to 31.7% from 29.5% in the year-ago period.

Astra Micro shares declined 1.9% post its earnings. The stock was down 0.9% at ₹891 apiece around 3pm. It has gained 35% in the past year.

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