NewsEarningsApollo Techno Industries Limited Reports H1FY26 Financial Results with Revenue DeclineApollo Techno Industries Limited Reports H1FY26 Financial Results with Revenue Decline
Apollo Techno Industries Limited reported H1FY26 results showing standalone revenue decline of 7.21% to ₹4,569.30 lakhs and net profit drop to ₹202.26 lakhs. Consolidated performance was better with revenue at ₹4,839.18 lakhs and net profit of ₹420.89 lakhs. The company completed its IPO post-period and listed on BSE SME platform on December 31, 2025.
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Apollo Techno Industries Limited announced its unaudited standalone and consolidated financial results for the half year ended September 30, 2025, following the Board of Directors meeting held on January 19, 2026. The heavy machinery manufacturer, which specializes in Horizontal Directional Drilling Machines and Diaphragm Drilling Rigs, reported mixed performance across its financial metrics.
Standalone Financial Performance
The company's standalone operations showed a revenue decline during the reporting period. Key financial highlights include:
| Metric | H1 FY26 (₹ Lakhs) | H1 FY25 (₹ Lakhs) | Change (%) |
|---|---|---|---|
| Revenue from Operations | 4,569.30 | 4,924.54 | -7.21% |
| Total Income | 4,610.36 | 4,935.03 | -6.58% |
| Net Profit (Continuing Operations) | 202.26 | 552.57 | -63.40% |
| Basic EPS (₹) | 2.02 | 5.53 | -63.47% |
The company's total expenses decreased to ₹4,341.28 lakhs from ₹4,192.97 lakhs in the previous year, primarily driven by higher cost of materials consumed at ₹3,809.34 lakhs compared to ₹3,507.66 lakhs. Employee benefit expenses increased to ₹371.52 lakhs from ₹309.77 lakhs, while finance costs decreased to ₹125.88 lakhs from ₹137.93 lakhs.
Consolidated Financial Results
The consolidated financial statements, which include the subsidiary Apollo Techno Equipments Limited, presented a different picture:
| Metric | H1 FY26 (₹ Lakhs) | H1 FY25 (₹ Lakhs) | Change (%) |
|---|---|---|---|
| Revenue from Operations | 4,839.18 | 4,924.54 | -1.73% |
| Total Income | 4,904.29 | 4,935.05 | -0.62% |
| Net Profit (Continuing Operations) | 420.89 | 546.05 | -22.91% |
| Basic EPS (₹) | 4.20 | 5.46 | -23.08% |
The consolidated results showed better revenue performance with a smaller decline of 1.73% compared to the standalone decline of 7.21%. The consolidated net profit of ₹420.89 lakhs was significantly higher than the standalone profit of ₹202.26 lakhs.
Balance Sheet Position
The company's financial position as of September 30, 2025, reflected growth in total assets:
| Parameter | Standalone (₹ Lakhs) | Consolidated (₹ Lakhs) |
|---|---|---|
| Total Assets | 8,787.22 | 9,067.09 |
| Total Equity | 2,604.60 | 2,945.58 |
| Current Assets | 7,357.78 | 7,625.09 |
| Inventories | 4,528.85 | 4,528.85 |
Inventories increased substantially to ₹4,528.85 lakhs from ₹3,685.07 lakhs as of March 31, 2025, indicating higher stock levels. Trade receivables also grew to ₹2,098.84 lakhs from ₹1,812.36 lakhs.
Segment Performance and Geographic Distribution
The company operates in a single business segment of Heavy Machinery with two geographical segments - domestic and international. For the half year ended September 30, 2025:
Standalone Segment Revenue:
- Sales within India: ₹4,400.40 lakhs
- Sales outside India: ₹168.90 lakhs
Consolidated Segment Revenue:
- Sales within India: ₹3,902.29 lakhs
- Sales outside India: ₹936.89 lakhs
The consolidated figures showed higher international sales contribution, indicating the subsidiary's focus on export markets.
Post-Period Developments
After the reporting period ended September 30, 2025, the company completed its Initial Public Offering of ₹47.96 lakhs through fresh issue of 36.89 lakh equity shares at ₹130 per share. The company's equity shares were listed on the BSE SME platform effective December 31, 2025, marking its transition to a publicly listed entity.
Regulatory Compliance
The financial results were prepared in accordance with Indian Accounting Standard 34 (Interim Financial Reporting) and reviewed by statutory auditors Dipal R. Shah & Co. The audit committee reviewed and the Board of Directors approved these results during their meeting on January 19, 2026. The company reported no investor complaints during the period and maintained compliance with SEBI listing regulations.
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