Apollo Micro Sys

Q1 FY27Aerospace & Defense

Apollo Micro Sys Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹388

Market cap₹14.3K Cr

P/E117.8

Updated25 Aug 2026

Read4 min read

What the Q1 FY27 call signalled

4 of 5 strong

RevenueRank 1

MarginRank 3

CapexYes

FundraiseYes

Order bookYes

The short version

Future Growth Expectations of Apollo Micro Systems Limited: - Revenue growth guidance of 40% to 45% CAGR for the current and coming financial years (Page 9). Apollo Micro Systems targets a revenue CAGR of 40%-45% from FY27 onward, on both consolidated and standalone basis.

From Apollo Micro Sys's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 1

Future Growth Expectations of Apollo Micro Systems Limited: - Revenue growth guidance of 40% to 45% CAGR for the current and coming financial years (Page 9). - Expansion with commissioning of Unit III production facility by March 2027, expected to significantly increase capacity (Page 9). - Major orders anticipated from projects like QRSAM and MIGM; execution of these orders to start from the next financial year (Page 7). - Export opportunities expected to ramp up after the full operational readiness of Unit III within next couple of quarters, with meaningful breakthrough export orders likely this financial year and sizable ones next year (Pages 16, 18). - Continued investment in R&D (~9.5% of revenue last year), supporting technology advancement and new product development (Page 22). - Growth driven by servicing defense modernization, including missile systems, drone platforms, and allied technologies (Pages 15, 17). Overall, Apollo aims for strong sustainable growth supported by capacity expansion, new orders, exports, and indigenous tech development.

Profitability & Margins

Apollo Micro Systems targets a revenue CAGR of 40%-45% from FY27 onward, on both consolidated and standalone basis.
The company expects strong order inflows from QRSAM and MIGM programs starting next financial year, contributing significantly to revenues.
EBITDA margins guidance is not explicitly given, but management indicated momentum will continue with margins better than current levels.
Profitability from acquired entities like Ideal Explosives is expected to turn positive fully by next financial year after ongoing restructuring.
Investment in R&D remains strong (around 9.5% of revenue last year), supporting high-margin, mission-critical products.
Long-term growth is supported by expanding product portfolio across missile subsystems, propulsion (via Premier Explosives acquisition), autonomous systems, and precision munitions.
Management emphasized sustainable growth and improved operational efficiencies, aiming to create long-term shareholder value.

See what Apollo Micro Sys said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

Apollo Micro Systems plans to heavily invest in R&D and technology development, particularly in autonomy segments for land, air, and sea platforms, including semi-submersible surveillance vehicles and swarm autonomous USVs.
The company is consolidating and augmenting infrastructure for new components, especially related to MIGM and other rockets, with licenses already obtained.
After acquiring Premier Explosives, Apollo aims to set up more integrated production plants and facilities within Premier and Ideal to accelerate production capabilities.
Around INR 2,500 crores of recently raised funds are allocated for acquisitions, with around INR 500 crores earmarked for working capital and corporate purposes.
Apollo is planning 2-3 acquisitions in the coming months to fill missing technology/product capabilities, with official announcements forthcoming post-MOU signing.
Capital expenditure also includes augmenting infrastructure for bulk explosives and manufacturing processes as part of Ideal’s restructuring and expansion plans.

Top-ranked in Aerospace & Defense

Ranked on what management guided this quarter

5x potential

1Rossell Techsys₹4.6K Cr

Rev 1Mar 1

2Shree Refrigerations Ltd₹1.4K Cr

Rev 1Mar 2

3₹15.2K Cr

Rev 1Mar 3

4₹7.8K Cr

Rev 1Mar 3

5₹1.6K Cr

Rev 2Mar 2

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

Currently, there is no confirmed plan for further fundraising during this financial year or the next.
The company is consolidating the current preferential round pending exchange approval, so no immediate comment on new fundraising can be provided.
Management mentioned being agile and dynamic, advising investors to keep a watch on the stock for future disclosures regarding fundraising.
In a past quarter, Apollo Micro Systems raised around INR3,300 crores primarily for an acquisition (~INR2,500 crores), working capital (~INR500 crores), and corporate purposes.
No specific new debt or equity fundraising has been announced beyond this.

See what Apollo Micro Sys said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Yes

Standalone order book as of August 8, 2026: INR 1,224 crores
Consolidated order book as of August 8, 2026 (including Ideal Explosives): INR 1,704 crores
Expected order book by end of FY27: INR 3,500 to INR 4,000 crores (consolidated)
Major expected orders include:
- QRSAM: Over 1,000 units, component value > INR 1 crore each
- Akash-NG: Over 1,000 units, component value > INR 1 crore each
- Pinaka: Around 2,000 units, component value approx. INR 85 lakhs each
- MIGM: Production to start in next financial year; order expected this year
Moored mines orders expected next financial year after completion of technical trials
Limpet mine orders expected from 4th quarter onwards of current financial year
Export orders expected once Unit 3 is operational
No pre-commitments on Make-II anti-drone; orders to flow post successful trials

Apollo Micro Sys — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹293 Cr, net profit ₹37 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Apollo Micro Systems Ltd's management said in earlier quarters

Others in Aerospace & Defense this season

Centum Electronics Ltd (Q1 FY27)
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AXISCADES Technologies Ltd (Q1 FY27)
The company sees a huge defense order pipeline exceeding ₹24,000 crore, with execution visibility till FY30. Key concall takeaways from AXISCADES Technologies…
Aequs Ltd (Q1 FY27)
Consumer segment poised for rapid growth of 125% to 150% over FY26. Key concall takeaways from Aequs's Q1 FY27 earnings call — and how it ranks against sector…
C2C Advanced Systems Ltd (Q1 FY27)
The company is bullish on its current position, especially in global markets where margins are higher compared to India (India margins ~25% net; overseas…

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Frequently Asked Questions

What were Apollo Micro Sys Q1 FY27 results?

What is Apollo Micro Sys share price analysis?

Apollo Micro Sys currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 117.8 with a market cap of ₹14,290 Cr. Investors should review the full earnings analysis for detailed insights.

Is Apollo Micro Sys planning capital expenditure?

Apollo Micro Systems plans to heavily invest in R&D and technology development, particularly in autonomy segments for land, air, and sea platforms, including semi-submersible surveillance vehicles and swarm autonomous USVs.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.