Astra Microwave shares tank 9% after profit, revenue take a hit in Q1FY27
Astra Microwave Products' shares fell 9% to ₹1,675 after the company reported a 24.1% decline in profit to ₹12.34 crore and an 11.5% drop in revenue to ₹176.66 crore for Q1FY27. The stock has decreased 14.5% from its 52-week high of ₹1,960, despite a year-to-date gain of 75.5%. Additionally, the company announced a management change, with S. Gurunatha Reddy stepping down as Managing Director on September 30, 2026.