Apollo Micro Systems FY26 PAT jumps 91% to INR107 crores
Apollo Micro Systems Limited reported a 91% YoY increase in FY26 PAT to INR107 crores, with revenue rising 61% to INR904 crores. Q4 FY26 saw record revenue of INR293 crores, an 81% YoY surge, while EBITDA grew 88% to INR68 crores. The company's order book stood at INR1,432 crores as of March 31, 2026.
*this image is generated using AI for illustrative purposes only.
Apollo Micro Systems Limited has announced its financial results for the fourth quarter and fiscal year ended March 31, 2026. The company reported a strong performance with significant growth across key financial metrics. For the full year FY26, revenue from operations stood at INR904 crores, registering a year-on-year growth of 61% compared to INR562 crores in FY25.
Profitability metrics expanded considerably during the year. EBITDA excluding other income grew by 69% to INR218 crores in FY26 as against INR129 crores in the previous year. Profit after tax (PAT) outpaced revenue growth, increasing by 91% to INR107 crores in FY26 compared to INR56 crores in FY25. The EBITDA margin expanded by 114 basis points to 24%, while the PAT margin expanded by 185 basis points to 12%.
The fourth quarter of FY26 marked the company's highest ever quarterly revenue, EBITDA, and PAT performance. Revenue surged by 81% year-on-year to INR293 crores, driven by robust execution of the order book. EBITDA increased by 88% to INR68 crores, and PAT recorded exceptional growth of 164% year-on-year, rising to INR37 crores.
| Metric | FY26 | FY25 | Growth |
|---|---|---|---|
| Revenue from Operations (INR Crores) | 904 | 562 | 61% |
| EBITDA (INR Crores) | 218 | 129 | 69% |
| PAT (INR Crores) | 107 | 56 | 91% |
Operational efficiency improved, with ROCE and ROE standing at 18.23% and 11.21%, respectively. The working capital cycle reduced from 626 days in FY21 to 359 days in FY26. The company made its highest investment in R&D during the year, with expenditure amounting to 8% of revenue, approximately INR72 crores. The order book as of March 31, 2026, stood at INR1,432 crores on a consolidated basis.
Historical Stock Returns for Apollo Micro Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.51% | +0.84% | +42.54% | +58.43% | +107.53% | +3,529.20% |
With an order book of INR1,432 crores and 61% revenue growth in FY26, can Apollo Micro Systems sustain a similar growth trajectory in FY27, and what new defence contracts could drive the next leg of expansion?
Given that R&D expenditure reached 8% of revenue (~INR72 crores) in FY26, which specific technology domains or product lines is Apollo Micro Systems targeting for indigenisation under India's defence self-reliance push?
With the working capital cycle still at 359 days despite significant improvement, what further operational or financing strategies could Apollo Micro Systems deploy to bring it closer to industry benchmarks?
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