Exports weighed on Q3; will meet full-yr guidance: Astra Micro

Weakness in exports led Astra Microwave to a weak third quarter, with sales falling 39 percent to Rs 90 crore.But MD B Malla Reddy said the firm was anticipating this slowness and had forecast this a few quarters ago. Going forward, Astra is confident of achieving its full year revenue growth forecast of Rs 420 crore, he added.The company has posted profits of Rs 37 crore in the nine months of FY16 but Reddy expressed confident of nearly achieving its full-year bottomline growth target of Rs 60 crore.Watch video for the full discussion.