Astra Microwave Products Limited (ASTRAMICRO) announced its unaudited financial results for the quarter ended 30th September 2026. The company reported a significant increase in revenue and profit for Q2 FY27 and H1 FY27. Notably, revenue from operations for Q2 FY27 grew by 22.5% year-on-year to Rs. 261 crores. The profit after tax (PAT) for the same quarter surged by 126.5% to Rs. 47 crores. For the first half of FY27, revenue from operations rose by 6.6% to Rs. 437 crores, while PAT increased by 68.3% to Rs. 57 crores.

Standalone and Consolidated Highlights

The company’s standalone order book stood at Rs. 3,937 crores as of September 30, 2026, while the consolidated order book was at Rs. 4,708 crores. The order book has a larger share of production orders for indigenous radar and electronic warfare platforms, providing strong revenue visibility and growth runway. The company remains focused on strengthening its position in India’s defence and aerospace ecosystem through indigenous product development and expansion into new opportunities.

Future Outlook

Mr. M V Reddy, Managing Director, highlighted that the first half of FY27 has been strong, with the highest ever reported EBITDA and PAT. The company will continue to invest in R&D and production capacity to meet the growing demand and achieve long-term aspirations.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Astra Microwave Products Limited

Astra Microwave Products Limited belongs to the Technology › Communication Equipment sector. Here’s a quick read on where the business and the stock stand today.

Astra holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG of 2.16 makes it expensive versus peers. The premium needs earnings to catch up quickly. Revenue grows at 12.6% and profits at 40.3% CAGR. However, that pace does not justify a premium multiple. The stock trades at 79% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 1.6% in three months on 12.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Astra Microwave Products Limited.

HFCL Limited (NSE: HFCL) has reported its financial results for Q3 FY26, showcasing a 15% surge in revenue and a 20% growth in PAT. The company’s performance has been audited by S Bhandari & Co LLP, ensuring the accuracy of these figures.

Revenue and PAT Growth

The telecom giant has managed to boost its revenue by 15% compared to the same period last year, reflecting strong market demand and effective business strategies. Moreover, the PAT has grown by 20%, indicating improved profitability and operational efficiency.

Auditors’ Review

The financial results have been reviewed by S Bhandari & Co LLP, who conducted their review in accordance with the Standard on Review Engagements (SRE) 2410. This review provided moderate assurance that the financial statements are free from material misstatements.

Forward-Looking Statement

As HFCL Limited continues to innovate and expand its market presence, the company remains optimistic about sustaining its growth trajectory in the upcoming quarters.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of HFCL Limited

HFCL Limited belongs to the Technology › Communication Equipment sector. Here’s a quick read on where the business and the stock stand today.

HFCL gains 20.1% over three months and trades near its 52-week highs. The PEG stands at 55.58 — severely stretched. Any earnings miss could trigger a sharp de-rating. Thin margins at 9.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Buyers show up with 1.5x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises 20.1% in three months. Yet revenue grows at only 1.3% and the PEG stands at 55.58. Either the market prices in a turnaround that has not shown up yet, or this is momentum without substance. Check the next two earnings prints before drawing conclusions. Check Fundamentals of HFCL Limited.

Tejas Networks Limited (TEJASNET) has reported a robust performance for Q2 FY27, with a significant 58% increase in revenue to INR 406 Cr compared to INR 262 Cr in Q2 FY26. The company’s order book has also soared to INR 2,315 Cr from INR 1,529 Cr in Q1 FY27, showcasing strong growth and increasing international engagements.

Revenue and Profit Insights

The company’s Q2 FY27 revenue was driven by shipments of Optical, IP, and FTTx products to private operators and system integrators, along with initial shipments for BSNL 4G add-on and our end-to-end 5G solution to an international customer in South America. Despite the revenue growth, the Profit After Tax (PAT) stood at INR -207 Cr compared to INR -307 Cr in the same quarter last year, indicating a slight improvement in the financial performance.

Order Book and Market Expansion

Tejas Networks Limited has received Letters of Intent (LOI) for over 18,000 4G sites for BSNL’s 4G network expansion, highlighting the company’s strong market presence and product scalability. The order book mix shows a strong domestic focus with 96% from India and 4% from international markets. The company has also initiated multiple Proof of Concept (POC) engagements in North America and Asia-Pacific regions, further expanding its global footprint.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Tejas Networks Limited

Tejas Networks Limited belongs to the Technology › Communication Equipment sector. Here’s a quick read on where the business and the stock stand today.

Tejas falls 11.9% over three months and has not found a floor yet. Industry-leading margins of 70.4% reflect exceptional pricing power and operational efficiency. 5 loss quarters over five years is a serious red flag — earnings quality is poor and recovery is not guaranteed. The stock holds at 52% of its 52-week range with RSI at 43. In other words, neither side has a clear edge right now. Revenue grows at 6.1% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Tejas Networks Limited.