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It would be prudent to wait for one or two more quarters. Defence is a theme that will ultimately play out
Lower valuations reflects market’s apprehensions about earnings growth, which could be muted this year on account of lower margin and slow growth.
Net Sales are expected to increase by 10.7 percent Y-o-Y (up 100.6 percent Q-o-Q) to Rs. 173.1 crore, according to Edelweiss.
B Malla Reddy, MD of Astra Micro said that it is common in this line of business to face a few hurdles when a new project is transferred for production, which led to the disappointing set of numbers.
CNBC-T V18‘s Varinder Bansal gives an insight on midcap outperformers that might have missed the eye of investors in this earnings season.
Weakness in exports led Astra Microwave to a weak third quarter, with sales falling 39 percent to Rs 90 crore.
Domestic and export orders will contribute equally going forward, says Gurunatha Reddy, CFO, Astra Microwave.