Apollo Techno Industries Limited has submitted revised unaudited standalone and consolidated financial results for the half year ended September 30, 2025, to the Bombay Stock Exchange following observations on the initial submission made in January 2026. The heavy equipment machinery manufacturer rectified the Limited Review Report in accordance with prescribed SEBI format requirements.

Standalone Financial Performance

The company's standalone operations showed mixed results for the half year ended September 30, 2025. Revenue from operations declined to ₹4569.30 lakhs compared to ₹4924.54 lakhs in the corresponding period of the previous year.

The significant decline in profitability was primarily attributed to higher cost of materials consumed, which increased to ₹3809.34 lakhs from ₹3507.66 lakhs in the previous year period.

Consolidated Financial Results

On a consolidated basis, which includes subsidiary Apollo Techno Equipments Limited, the company demonstrated stronger performance. Consolidated revenue from operations decreased marginally to ₹4839.18 lakhs from ₹4924.54 lakhs in the previous year period.

Segment Performance and Business Operations

Apollo Techno Industries operates in a single business segment of heavy machinery, manufacturing Horizontal Directional Drilling Machines, Diaphragm Drilling Rigs and related moulds. The company has two reportable geographical segments - domestic and international markets.

For the half year ended September 30, 2025, domestic sales on standalone basis were ₹4400.40 lakhs while international sales contributed ₹168.90 lakhs. On consolidated basis, domestic sales were ₹3902.29 lakhs and international sales were ₹936.89 lakhs.

Post-Period Developments

After the period ended September 30, 2025, the company completed its Initial Public Offering of ₹47.96 lakhs through fresh issue of 36.89 lakhs equity shares of ₹10 each at an issue price of ₹130 per share. The company's equity shares were listed on the SME Platform of BSE from December 31, 2025.

Financial Position

The company's standalone total assets increased to ₹8787.22 lakhs as at September 30, 2025, from ₹7554.17 lakhs as at March 31, 2025. Total equity stood at ₹2604.60 lakhs compared to ₹2403.03 lakhs at the end of the previous financial year. On consolidated basis, total assets were ₹9067.09 lakhs with total equity of ₹2945.58 lakhs.

The financial results were approved by the Board of Directors at its meeting held on January 19, 2026, and have been subject to limited review by the statutory auditors DIPAL R. SHAH & CO., Chartered Accountants.

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:

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:

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:

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.