Apollo Micro Systems Ltd
Apollo Micro Systems Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
The short version
Apollo Micro Systems expects revenue growth at a CAGR of 45% to 50% over FY26 and FY27 driven by core business expansion excluding contributions from the Ideal Explosives acquisition (Page 3). Apollo Micro Systems expects revenue to grow at a CAGR of 45% to 50% over FY26 and FY27, driven by core business growth excluding acquisition contributions.
From Apollo Micro Systems Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Apollo Micro Systems expects revenue growth at a CAGR of 45% to 50% over FY26 and FY27 driven by core business expansion excluding contributions from the Ideal Explosives acquisition (Page 3).
- With the commissioning of Unit 3, production capacity will increase by eight times, enabling substantial growth in sales and volumes (Page 6).
- Multiple next-generation weapon system products are anticipated to enter large-scale production within two years, providing strong revenue visibility (Page 19).
- The expanded product portfolio and signing of Memorandums of Understanding (MOUs) with overseas companies aim to boost international sales (Page 6).
2 more points from Apollo Micro Systems Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Apollo Micro Systems is investing a total of INR 250 crores in Unit 3.
- Unit 3 Phase 1 Single structure is complete; Phase 2 civil structure has started.
- Partial production in Unit 3 Phase 1 has begun; full-fledged production expected by end of this financial year or Q1 next financial year.
- Capex of around INR 60 crores is allocated specifically for advanced in-house testing facilities in Unit 3.
- Investments include building comprehensive test infrastructure to reduce dependence on external facilities like DRDO.
- Strategic acquisitions planned to enhance technological capabilities, including in RF technologies.
- Acquisition of Ideal Explosives Limited (IDL) for INR 107 crores, with plans for capital infusion and strategic partnerships to overhaul and expand explosive manufacturing capabilities.
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Fundraising & Capital Structure
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Order Book & Pipeline
- As of September end, Apollo Micro Systems' order book stood at just under INR 800 crores.
- Recent months have seen additional new development and production orders, including next-generation weapon and platform programs.
- The order book comprises a mix of short-term, medium-term, and long-term projects, with guidance maintained for similar execution timelines over the next two quarters.
- Major expected orders include:
- MIGM order (~INR 4,000 crores total with BDL; Apollo's share around INR 2,000 crores), pending approvals expected by December and order likely by March FY26.
- QRSAM and ESWT program orders anticipated before March or early next financial year.
- Orders from recent government clearances totaling INR 72,000 crores or INR 35,000 crores, with Apollo expecting a share.
2 more points from Apollo Micro Systems Ltd's call on order book
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Apollo Micro Systems Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹388 Cr, net profit ₹46 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Apollo Micro Systems Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Apollo Micro Systems Ltd Q2 FY26 results?
Apollo Micro Systems expects revenue growth at a CAGR of 45% to 50% over FY26 and FY27 driven by core business expansion excluding contributions from the Ideal Explosives acquisition (Page 3). Apollo Micro Systems expects revenue to grow at a CAGR of 45% to 50% over FY26 and FY27, driven by core business growth excluding acquisition contributions.
What is Apollo Micro Systems Ltd share price analysis?
Apollo Micro Systems Ltd currently shows a neutral. The stock trades at a P/E of 131.4 with a market cap of ₹15,942 Cr. Investors should review the full earnings analysis for detailed insights.
Is Apollo Micro Systems Ltd planning capital expenditure?
Apollo Micro Systems is investing a total of INR 250 crores in Unit 3.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.