Apollo Micro FY26 Net Profit Doubles to ₹12,058 Lakhs
Apollo Micro Systems Limited reported robust audited financial results for the year ended 31 March 2026, with standalone net profit more than doubling to ₹12,057.88 lakhs and revenue growing to ₹76,485.32 lakhs. Consolidated net profit increased to ₹10,738.01 lakhs on revenue of ₹90,432.38 lakhs. The Board recommended a final dividend of Re 0.25 per share and re-appointed cost and internal auditors.

*this image is generated using AI for illustrative purposes only.
Apollo Micro Systems Limited delivered a strong set of audited financial results for the quarter and year ended 31 March 2026, with both standalone and consolidated metrics reflecting significant year-on-year growth. The Board of Directors, at their meeting held on 18 May 2026, approved the standalone and consolidated financial results and also recommended a final dividend for the financial year. The statutory audit was conducted by S.T. Mohite & Co., Chartered Accountants, Hyderabad, who issued audit reports with unmodified opinion on both standalone and consolidated financial statements.
Standalone Financial Performance
Apollo Micro Systems reported a sharp improvement in its standalone financials for the year ended 31 March 2026. Revenue from operations grew to ₹76,485.32 lakhs from ₹56,206.92 lakhs in the prior year, while total income rose to ₹78,219.03 lakhs from ₹56,611.75 lakhs. Net profit after tax more than doubled to ₹12,057.88 lakhs compared to ₹5,724.16 lakhs in the prior year. For Q4, the company reported EBITDA of 604M rupees against 360M rupees in the same quarter of the prior year, with the EBITDA margin expanding significantly to 29.43% from 22.28% year-on-year. The following table summarises the key standalone financial metrics:
| Metric: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations (₹ lakhs): | 20,522.18 | 20,078.39 | 16,176.67 | 76,485.32 | 56,206.92 |
| Other Income (₹ lakhs): | 840.59 | 441.85 | 113.29 | 1,733.71 | 404.83 |
| Total Income (₹ lakhs): | 21,362.77 | 20,520.23 | 16,289.96 | 78,219.03 | 56,611.75 |
| Total Expenses (₹ lakhs): | 15,820.14 | 16,134.42 | 14,038.88 | 60,756.34 | 48,231.32 |
| Profit Before Tax (₹ lakhs): | 5,542.63 | 4,385.82 | 2,251.09 | 17,462.69 | 8,380.43 |
| Net Profit After Tax (₹ lakhs): | 3,744.73 | 3,066.03 | 1,431.75 | 12,057.88 | 5,724.16 |
| Total Comprehensive Income (₹ lakhs): | 3,740.26 | 3,081.08 | 1,417.51 | 12,068.46 | 5,709.91 |
| Basic EPS (₹): | 1.11 | 0.93 | 0.47 | 3.57 | 1.89 |
| Diluted EPS (₹): | 1.10 | 0.91 | 0.47 | 3.53 | 1.89 |
The Q4 EBITDA performance is further highlighted below:
| Metric: | Q4 FY26 | Q4 FY25 | Change (YoY) |
|---|---|---|---|
| EBITDA (Rupees): | 604M | 360M | Improvement |
| EBITDA Margin (%): | 29.43% | 22.28% | +715 bps |
On the standalone balance sheet, total assets stood at ₹2,29,473.00 lakhs as at 31 March 2026, compared to ₹1,26,223.76 lakhs as at 31 March 2025. Equity share capital was ₹3,572.92 lakhs and other equity stood at ₹1,28,660.42 lakhs as at 31 March 2026.
Consolidated Financial Performance
On a consolidated basis, the group—comprising Apollo Micro Systems Limited, Ananya SIP RF Technologies Private Limited, Apollo Defence Industries Private Limited, Apollo Strategic Technologies Private Limited, and IDL Explosives Limited—reported revenue from operations of ₹90,432.38 lakhs for FY26, up from ₹56,206.92 lakhs in the prior year. Consolidated net profit after tax for the year was ₹10,738.01 lakhs against ₹5,635.76 lakhs in the prior year. The key consolidated financials are presented below:
| Metric: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations (₹ lakhs): | 29,325.62 | 25,222.01 | 16,176.67 | 90,432.38 | 56,206.92 |
| Other Income (₹ lakhs): | 319.28 | 90.60 | 73.03 | 627.34 | 288.54 |
| Total Income (₹ lakhs): | 29,644.90 | 25,312.61 | 16,249.70 | 91,059.73 | 56,495.46 |
| Total Expenses (₹ lakhs): | 24,165.55 | 22,155.97 | 14,050.03 | 75,579.99 | 48,240.82 |
| Profit Before Tax (₹ lakhs): | 5,479.34 | 3,156.64 | 2,199.67 | 15,479.73 | 8,254.64 |
| Net Profit After Tax (₹ lakhs): | 3,678.76 | 2,288.09 | 1,396.08 | 10,738.01 | 5,635.76 |
| Total Comprehensive Income (₹ lakhs): | 3,691.88 | 2,299.08 | 1,381.83 | 10,762.12 | 5,621.52 |
| Basic EPS (₹): | 1.09 | 0.69 | 0.46 | 3.18 | 1.86 |
| Diluted EPS (₹): | 1.08 | 0.68 | 0.46 | 3.15 | 1.86 |
Consolidated total assets were ₹2,36,850.83 lakhs as at 31 March 2026, compared to ₹1,29,948.85 lakhs as at 31 March 2025. Net profit attributable to owners of the company for FY26 stood at ₹11,292.01 lakhs, while the non-controlling interest recorded a loss of ₹554.00 lakhs for the year.
Key Corporate Developments
The Board meeting of 18 May 2026 resolved several significant corporate matters. The following table summarises key corporate developments and strategic milestones achieved during FY26:
| Development: | Details |
|---|---|
| Final Dividend Recommended: | Re 0.25 per equity share (face value Rs. 1/- each) for FY26, subject to shareholder approval at AGM |
| Cost Auditor Re-appointed: | M/s G H Reddy & Associates, Cost Accountants, for FY2026-2027 |
| Internal Auditor Re-appointed: | M/s E Sateesh Reddy & Associates, Chartered Accountants, for FY2026-2027 |
| Company Secretary Resignation: | Ms. Rukhya Parveen resigned as Company Secretary & Compliance Officer with effect from 31 May 2026 |
| New Company Secretary Appointed: | Mr. G. Seshadri Vasan appointed as Company Secretary & Compliance Officer with effect from 1 June 2026 |
| Successful Fund Raise: | Completed during FY26 |
| First Export Order: | Received during FY26 |
| Tri-Party Alliance: | Indian Navy, IIT-Chennai, and Apollo Micro Systems |
| MoU: | Signed with GRSE |
| DPIIT License: | UAVs, INS Systems, Radar, Torpedoes, Underwater Mines, ATGMs, Decoys, Chaffs & Flares, Aerial Bombs, Rockets, Missiles, Loitering Munitions |
| Industrial License (Sister Subsidiary): | TNT & RDX manufacturing |
| Technology Transfer: | DEW Laser DEW & EO Tracking |
Historical Stock Returns for Apollo Micro Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.63% | -2.33% | +22.53% | +72.17% | +98.97% | +3,189.67% |
How might Apollo Micro Systems' first export order and DPIIT license for advanced defense systems like missiles and loitering munitions position it to capture a share of India's growing defense export target of $5 billion by 2025?
Given the significant gap between standalone net profit (₹12,057 lakhs) and consolidated net profit (₹10,738 lakhs) due to subsidiary losses, which subsidiaries are dragging performance and what is the timeline for their turnaround?
How could the Tri-Party Alliance with the Indian Navy and IIT-Chennai, along with the DEW Laser and EO Tracking technology transfer, translate into new order inflows over the next 12-24 months?


































