Hot Pursuit     17-Aug-22
Astra Microwave gains after JVC ventures into electro optic systems manufacturing
Astra Microwave Products advanced 2.44% to Rs 282.95 after the company said that its joint venture company (JVC) Astra Rafael Comsys will take up development and manufacturing of electro optic systems.

Astra Rafael Comsys, where Astra Microwave and its associates hold 51% stake, will take up development, manufacture, integration, customization and product support of electro optic (EO) systems in addition to its existing business line.

Astra Microwave said that the EQ systems are technologically complex high value optical and infrared imaging systems used globally for military and homeland security applications to provide enhanced situational awareness on ground, airborne and sea based platforms.

These sensors are used to identify targets, track moving targets, and provide surveillance, navigation and early warning information to our armed forces in challenging battle field environments.

The EQ systems are also being used on board UAVs, unmanned platforms and guided munitions to provide wide range of capabilities including range finding, target acquisition, imaging and surveillance.

Airborne EQ systems for laser designation & recce applications being used on fighter aircrafts are hitherto being procured via global tenders, can now be manufactured, upgraded and serviced in India by the Astra Rafael JV partnership as part of the Atma Nirbhar initiative.

This new product line (EO) will enable JVC to compete in the upcoming EQ systems business of about $600 million in India in the next 5 to 8 years.

Astra Microwave Products designs, develops and manufactures customised sub-systems and components for microwave communication systems used in the defence, space and telecommunication sectors.

The company's consolidated net profit declined 33.44% to Rs 8.10 crore despite a 25.83% rise in sales to Rs 162.08 crore in Q1 FY23 over Q1 FY22.

Previous News
  Astra Microwave Products Ltd leads gainers in 'A' group
 ( Hot Pursuit - 27-May-24   12:00 )
  Astra Microwave Products consolidated net profit rises 163.45% in the March 2021 quarter
 ( Results - Announcements 26-May-21   17:32 )
  Astra Microwave Products consolidated net profit rises 56.72% in the December 2023 quarter
 ( Results - Announcements 09-Feb-24   07:39 )
  Astra Microwave Products consolidated net profit declines 33.44% in the June 2022 quarter
 ( Results - Announcements 13-Aug-22   09:01 )
  Astra Microwave Products to convene board meeting
 ( Corporate News - 19-May-23   12:23 )
  Astra Microwave Products consolidated net profit rises 46.30% in the September 2023 quarter
 ( Results - Announcements 14-Nov-23   17:36 )
  Astra Microwave Products consolidated net profit rises 29.22% in the March 2020 quarter
 ( Results - Announcements 24-Jun-20   17:14 )
  CRISIL reaffirms ratings of Astra Microwave Products
 ( Hot Pursuit - 28-Mar-22   14:39 )
  Astra Microwave Products standalone net profit rises 132.97% in the March 2021 quarter
 ( Results - Announcements 26-May-21   17:12 )
  Astra Microwave Products standalone net profit declines 74.35% in the June 2015 quarter
 ( Results - Announcements 30-Jul-15   16:57 )
  Board of Astra Microwave Products to consider Q3 and 9M results
 ( Corporate News - 16-Jan-17   17:22 )
Other Stories
  Avantel Q2 PAT jumps 42% YoY to Rs 23 cr
  05-Oct-24   17:03
  Equitas SFB total deposits jump 29% YoY in Q2 FY25
  05-Oct-24   16:28
  Ujjivan SFB total deposits rises 17% in Q2 FY25
  05-Oct-24   15:34
  L&T Finance retail disbursements jump 12% YoY in Q2 FY25
  05-Oct-24   14:31
  Bandhan Bank records over 21% YoY jump in loan book during Q2 FY25; deposits at Rs 1.42 lakh crore
  05-Oct-24   13:32
  Lupin's Pune-based biotech facility gets 5 observations from US FDA
  05-Oct-24   13:20
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
Back Top