Apollo Micro Systems Limited has informed the Exchange about Transcript
APOLLO · price
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Apollo Micro Systems posted its highest-ever quarterly and 9M revenue, with Q3 FY26 revenue at INR252 crores (up 70% YoY) and 9M FY26 revenue at INR611 crores (up 53% YoY). EBITDA margin expanded by 134 bps in 9M FY26, and PAT grew 67% to INR71 crores. The consolidated order book stood at INR1,305 crores (standalone ~INR800 crores + IDL Explosives ~INR500 crores) as of December 31, 2025. Management reaffirmed 45-50% revenue CAGR guidance over the next 3 years (standalone core business) and a 15% PAT margin target. Key near-term catalysts include a ~INR2,500 crore MOORED Mine order awaiting DAC clearance, the QRSAM program where BEL negotiations are in final stages, and 1-2 acquisitions targeted for completion before FY26 end. IDL Explosives is expected to dilute consolidated margins in the short term but turn EBITDA breakeven this quarter and PAT positive from Q1 FY27.
Strong execution and a robust INR1,305 crore order book support the growth story, but near-term consolidated margins will face pressure from IDL Explosives integration, and management declined to provide consolidated margin or equity dilution guidance until FY27. Investors should track DAC clearance on MOORED Mine, QRSAM contract finalization, and acquisition closures as key upside triggers.