Apollo Micro Systems shares jump 12% to 419.9 rupees after record second-quarter results
Key Facts
Apollo Micro Systems shares rose 12% to 419.9 rupees on the NSE during trading on October 26, 2026, after the company announced results for the second quarter of its 2027 financial year. The company announced results for the quarter ended September on October 24, so the shares rose in the session after the announcement. Management said consolidated revenue reached a record 388 crore rupees, up 72% year on year and 54% from the previous quarter. The company also posted record profitability metrics, with EBITDA and profit after tax growing faster than revenue quarter on quarter. The results place the quarter’s performance within a broader growth trajectory also reflected in first-half figures for the financial year.
Consolidated EBITDA, excluding other income, reached a record 111 crore rupees, up 88% year on year and 107% quarter on quarter. Management said growth in this metric outpaced revenue growth during the quarter. The consolidated EBITDA margin widened to a record 29%, up 200 basis points from the year-earlier period and 700 basis points from the previous quarter. The combination of metric growth and margin expansion reflects an improvement in operating profitability alongside higher revenue. Consolidated profit after tax reached a record 46 crore rupees, up 40% year on year and 83% quarter on quarter.
At the standalone level, revenue was 306 crore rupees, a record, up 36% year on year and 96% from the previous quarter. Management said standalone profit after tax also reached a record 48 crore rupees, up 46% year on year and 73% quarter on quarter. These figures differ from the consolidated results, which included revenue of 388 crore rupees and profit after tax of 46 crore rupees. In the first half of the 2027 financial year, consolidated revenue rose 78% to a record 639 crore rupees, compared with 359 crore rupees in the same period of the previous financial year. First-half profit after tax increased 50% to a record 71 crore rupees.
The consolidated order book stood at 1,765 crore rupees on September 30, 2026, a record, according to management. The company said it had been awarded the transfer of technology for a semi-active laser guidance system. The managing director added that group company Shauryastra Defence Systems would design and develop complete weapon systems, alongside integrated defence platforms. On liquidity, management reported positive operating cash flow of 22 crore rupees in the first half of the 2027 financial year. Working capital days also fell to 353 days from 359 days in the 2026 financial year. The managing director said IDL had been making losses because of weak margins, and that changes and restructuring would take several quarters.
Attention is turning to contract opportunities that have not yet become confirmed orders. Management said the order book could exceed 2,000 crore rupees by March, excluding the MIGM contract, and could reach between 4,500 and 5,000 crore rupees if the contract is added before the end of the financial year. The chief operating officer said the company expects a request for price information for the MIGM programme in November. The Indian Navy, according to the official, aims to issue the purchase order before January or February, while seeking to release an advance payment before the end of the financial year. The company also expects orders related to the Pinaka programme before the end of December. These timelines and estimates remain subject to the procedures and orders cited by management being completed.