August 10, 2026: Apollo Micro Systems Ltd. (AMS) reported its strongest-ever first-quarter performance in Q1 FY27, with consolidated revenue from operations rising 88.1% year-on-year to ₹251.3 crore, compared with ₹133.6 crore in Q1 FY26.
Author: Aadarsh Patel | EQMint
Profitability also improved, with EBITDA excluding other income rising 31.3% to ₹53.7 crore, while profit after tax increased 42.6% to ₹25.2 crore. The company’s consolidated order book stood at ₹1,704 crore as of August 8, 2026.
Apollo Micro Systems Q1 FY27: Key Figures
| Metric | Q1 FY27 | YoY Growth |
|---|---|---|
| Revenue from Operations | ₹251.3 crore | 88.1% |
| Total Revenue | ₹253.5 crore | 88.6% |
| EBITDA | ₹53.7 crore | 31.3% |
| EBITDA Margin | 21.4% | — |
| PBT | ₹37.7 crore | 49.0% |
| PAT | ₹25.2 crore | 42.6% |
| PAT Margin | 10.0% | — |
| Diluted EPS | ₹0.80 | — |
| Order Book | ₹1,704 crore | — |
The figures were disclosed by the company on August 8, 2026.
Strongest-Ever Q1 Revenue
Apollo Micro Systems’ Q1 revenue has risen sharply over the past 3 years.
Standalone revenue from operations increased from ₹91 crore in Q1 FY25 to ₹134 crore in Q1 FY26 and ₹156 crore in Q1 FY27.
The accompanying chart on page 3 also shows standalone EBITDA increasing from ₹22 crore in Q1 FY25 to ₹41 crore in Q1 FY26 and ₹48 crore in Q1 FY27. Standalone PAT climbed from ₹9 crore to ₹19 crore and then ₹28 crore over the same period.
Order Book at ₹1,704 Crore
A major figure in the Q1 update is Apollo Micro Systems’ ₹1,704 crore consolidated order book as of August 8.
The order pipeline provides revenue visibility for the Hyderabad-based defence and aerospace technology company, which designs and manufactures defence electronics, embedded systems, electronic warfare systems, electro-optic systems and weapon system solutions.
AMS said it is a Tier-1 supplier to DRDO, HAL, BEL and the Ministry of Defence and is licensed to manufacture missile-class weapon systems under the Arms Act, 1959.
Profit Growth Despite Higher Equity Base
The company also pointed out that its equity base increased by more than 11%, from 33.35 crore shares as of June 30, 2025 to 37.16 crore shares as of June 30, 2026, following preferential allotments.
Despite the larger share base, diluted EPS increased from ₹0.60 in Q1 FY26 to ₹0.80 in Q1 FY27, according to the company’s financial statement.
Management Commentary
Managing Director Baddam Karunakar Reddy said the record Q1 performance reflects the company’s execution and resilience. He added that Apollo Micro Systems plans to build on the momentum with sharper execution while responding to the changing requirements of India’s defence sector.
EQMint Analysis
Apollo Micro Systems has started FY27 with strong revenue and profit growth, supported by a large order book. The 88% revenue growth is particularly notable, while the 43% PAT growth shows that earnings have continued to expand despite the increase in the company’s equity base.
The main factor to watch now is execution. Defence procurement typically involves long timelines and milestone-based revenue recognition, and the company itself cautions that quarterly performance can fluctuate because of these cycles. For this reason, the order book and year-on-year performance provide a better picture of the underlying business trend than a single quarter’s movement.
Current View
Apollo Micro Systems’ Q1 FY27 numbers point to strong operating momentum, with record first-quarter revenue, higher profitability and a ₹1,704 crore order book. The next few quarters will show whether the company can convert this order pipeline into sustained revenue and earnings growth.
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Disclaimer: This article is not an investment advice and is for educational purpose only.
