Apollo Micro Systems (APOLLO) Q4 25/26 earnings summary

Executive summary

• FY26 consolidated revenue was ₹90,432.38 lakh and PAT ₹10,738.01 lakh; the order book stood at ₹14,320 Mn at March 31, 2026.

• Strategic expansion included the IDL Explosives acquisition, a first export order and a broader portfolio across explosives, unmanned systems and advanced weapons.

Financial highlights

• Consolidated FY26 EBITDA excluding other income was ₹2,181.6 Mn, up 68.8% YoY, with a 24.1% margin; PAT margin was 11.9%.

• Consolidated Q4 FY26 revenue was ₹29,325.62 lakh and PAT ₹3,678.76 lakh; profit attributable to owners was ₹3,761.95 lakh.

• Standalone FY26 revenue was ₹76,485.32 lakh, PBT ₹17,462.69 lakh and PAT ₹12,057.88 lakh.

• Board recommended a final dividend of ₹0.25 per share, subject to shareholder approval.

Outlook and guidance

• Priorities include larger, technically complex orders, stronger R&D, export growth, geographic expansion and moving toward complete systems and OEM offerings.

• An additional acquisition by ADIPL is expected before the end of FY27 to complement organic growth.

• Matured munition platforms entering large-scale production are expected to lift internal demand for explosives and propellants, including for underwater mines and ASW rockets.