Apollo Micro Systems Limited has informed the Exchange about Transcript
APOLLO · price
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Apollo Micro Systems reported strong Q1 FY26 results with consolidated revenue of INR234 crores, up 46% year-on-year. EBITDA jumped 83% to INR41 crores, with margins expanding 600 basis points to 31%, and PAT more than doubling to INR18 crores (110% YoY growth). The company secured a maiden export order worth $13.37 million (~INR114 crores) for advanced avionics systems and received a two-notch credit rating upgrade from ACUITE. Management guided for a 45-50% revenue CAGR over FY26-27 (core business), with order book at INR735 crores and large orders expected before December 2025, including QRSAM and BDL ATGM component orders. Working capital cycle is expected to improve by 100-120 days from FY27 onwards. Promoter pledge is on track to reach zero by FY26 (currently 37%).
Strong quarterly beat with double-digit margin expansion and clear visibility on multiple large defense orders in the pipeline should support the stock positively. The 45-50% revenue CAGR guidance, coupled with operational milestones like Unit 3 commissioning in October, signals continued momentum, though margin expansion may moderate in H2 FY26 and FY27 due to ongoing capex.