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Astra Microwave Q2 profit doubles, stock jumps 5%
Positive+93Company event
GreyOak summary
Astra Microwave Products Ltd reported a 22.3% rise in Q2 revenue to ₹263 crore and net profit more than doubled to ₹51 crore. EBITDA margins expanded significantly to 33.4%. The company's order book stands at ₹4,708 crore, and it is pursuing a demerger of its space business.
What it affects
- Astra Microwave ProductsASTRAMICROPositive +93
Stock jumped 5% on strong profit growthRolling sentiment Positive +61
Source
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