Apollo Micro Systems shares rose nearly 9% to an intraday high of ₹410 on the National Stock Exchange on October 26, 2026, after the defence technology company reported sharply higher September-quarter revenue and operating earnings. Revenue increased 72.2% year on year, while EBITDA grew faster and its order book reached a record ₹1,765 crore.
Key Takeaways
- Quarterly revenue reached ₹388 crore, the company’s highest-ever September-quarter total.
- EBITDA rose 87.6%, with its margin widening to 28.6% from 26.3%.
- Management outlined a ten-year ambition to become a global original equipment manufacturer.
Table of Contents
- Apollo Micro Systems revenue growth lifts operating earnings
- Record order book puts execution in focus
- Vision 2036 sets a longer-term expansion ambition
- Conclusion
Apollo Micro Systems revenue growth lifts operating earnings
For the second quarter of fiscal 2026–27, revenue from operations rose to approximately ₹388 crore from ₹225.3 crore a year earlier. EBITDA—earnings before interest, taxes, depreciation and amortization—increased to ₹111 crore from ₹59.2 crore.
The EBITDA margin expanded by 2.3 percentage points to 28.6%. Operating earnings therefore grew faster than sales, indicating that the company retained a larger share of revenue at the EBITDA level.
The share-price advance followed the earnings announcement, but ₹410 was an intraday high rather than a closing price.
| Item | Details |
|---|---|
| H1 FY27 revenue | ₹639.44 crore, up 78.2% year on year. |
| H1 FY27 EBITDA | ₹164.91 crore, up 64.7% year on year. |
| H1 FY27 profit after tax | ₹71.37 crore, up 49.6% year on year. |
Record order book puts execution in focus
Apollo reported an all-time-high order book of ₹1,765 crore. That represents contracted business awaiting execution, rather than revenue already recognized in the quarter.
Managing Director Baddam Karunakar Reddy attributed the performance to strong execution and said the company would accelerate delivery while strengthening its capabilities to meet the defence sector’s evolving needs.
The Hyderabad-based company’s mission-critical defence systems capabilities span land, air, sea and space, supported by research and development, manufacturing, system integration and testing infrastructure. These established activities provide background to its expansion plans; they are separate from the latest financial results.
Vision 2036 sets a longer-term expansion ambition
Under its Vision 2036 plan, Apollo aims to become a global original equipment manufacturer over the next ten years, with recognizable revenue streams across land, air and sea domains.
The company also plans to expand its Indian presence, continue growing internationally and strengthen research and development using newer technologies. These are strategic ambitions, not completed milestones or quantified earnings guidance.
The first-half figures below show the broader FY27 performance. Revenue growth outpaced both EBITDA and profit-after-tax growth over the six-month period, contrasting with the stronger EBITDA growth seen in the second quarter alone.
Conclusion
Apollo Micro Systems’ quarterly update combined rapid revenue growth with a wider EBITDA margin. Execution of the record order book is the next operational point to watch, while Vision 2036 remains a longer-term ambition rather than a near-term financial forecast.
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