Apollo Micro Systems Limited — Investor Meet, 08-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Apollo Micro Systems delivered strong Q2 FY26 results with highest-ever quarterly revenue of INR 225 crores (+69% QoQ) and PAT of INR 30 crores (+70% QoQ). H1 FY26 revenue grew 42% to INR 359 crores, with EBITDA margins expanding to 28% and PAT up 97% to INR 48 crores.

Management expects 45-50% revenue CAGR for FY26-FY27 from core business, driven by a healthy order book and new product commercialization. Unit 3 Phase 1 production has started, with full operation by Q1 FY27, boosting capacity by 8x and including INR 60 crores in testing facilities. The company acquired Ideal Explosives for INR 107 crores, aiming for IDL profitability by Q2 FY27.

The order book stands at ~INR 800 crores, with significant large-cap defense projects (MIGM, QRSAM, Naval programs) nearing finalization. The management is confident in its growth trajectory, actively addressing receivables and aiming for zero promoter pledge in six months. The focus remains on indigenization, technological excellence, and evolving into a multidisciplinary defense system powerhouse.