Apollo Micro Systems (APOLLO) Q1 26/27 earnings summary

Executive summary

• Unaudited standalone and consolidated Q1FY27 results were approved by the Board on 8 Aug 2026; limited reviews raised no reporting concerns.

• Integrated defence platform spans design, development, explosives, weapon manufacturing, systems integration and lifecycle support; involved in 150+ indigenous and 60+ DCPP programmes.

• Strategy targets global OEM status, diversified Land, Air and Sea revenue, stronger exports, and investment in RF, AI, autonomy and inertial navigation.

Financial highlights

• Consolidated Q1FY27 revenue was ₹25,129.30 lakh, up 88.1% YoY; PAT was ₹2,521.60 lakh, up 42.6%, and EBITDA excluding other income was ₹537.3 mn, up 31.3%.

• Consolidated EBITDA margin was 21.4% versus 30.6% in Q1FY26; PAT margin was 10.0% versus 13.2%.

• Standalone revenue was ₹15,589.44 lakh, up 16.7% YoY; PAT was ₹2,783.38 lakh, up 43.3%, and EBITDA excluding other income was ₹483.7 mn, up 18.0%.

• Standalone EBITDA margin was 31.0% versus 30.7% YoY; PAT margin was 17.9% versus 14.5%.

• Consolidated profit attributable to owners was ₹2,691.30 lakh versus ₹1,851.15 lakh; non-controlling interest loss was ₹169.70 lakh versus ₹82.69 lakh.

Outlook and guidance

• Order book stood at ₹17,040 mn as of 8 August 2026; mature munition platforms are expected to enter large-scale production, increasing internal demand for explosives and propellants.

• Greenfield facility planned adjacent to Unit 3 in Hyderabad, with ₹300 crore investment and capacity targeted to scale to 12x; production to include rockets, mines, artillery munitions and other weapon systems.

• Priorities include turning the first export order into sustained international revenue and building recognizable revenue streams across Land, Air and Sea.

• Management expects subsidiary business plans, improving performance and committed parent/promoter support to help meet obligations in the ordinary course; results remain on a going-concern basis.