Apollo Micro Systems Limited has reported its highest-ever quarterly and nine-month revenues for Q3FY26, driven by strong execution of its defence order book and scaling up of high-value production programs. The company posted robust year-on-year growth across revenue, EBITDA, and profit, reinforcing its position as a key player in India’s defence manufacturing ecosystem.
Author : Aashiya Jain | EQmint | Corporate Announcements
Apollo Micro Systems Limited (NSE: APOLLO | BSE: 540879), a Hyderabad based defence technology company founded in 1985, has delivered a landmark performance in the third quarter of FY26. With over four decades of experience, the company specializes in advanced electronic, electro-mechanical, and engineering systems catering primarily to strategic defence needs.
Apollo Micro Systems Q3FY26 Results
For Q3FY26, Apollo Micro Systems reported revenue from operations of ₹252.2 crore, marking a sharp 70% year-on-year growth compared to ₹148.4 crore in Q3FY25. This surge reflects strong execution of its order pipeline and the smooth transition of several critical defence systems into the production phase. Total revenue for the quarter stood at ₹253.1 crore.
Profitability also showed healthy improvement. EBITDA (excluding other income) rose 33% year-on-year to ₹50.4 crore, while Profit After Tax (PAT) increased by 25% to ₹22.9 crore. Despite higher finance and depreciation costs, operational efficiency and scale benefits supported earnings growth. EBITDA margin for the quarter came in at 20%.
The strong quarterly showing translated into an equally impressive nine month performance. For 9MFY26, revenue from operations grew 53% year-on-year to ₹611.1 crore, compared to ₹400.3 crore in the same period last year. EBITDA for the nine months rose 61% to ₹150.5 crore, while PAT jumped 67% to ₹70.6 crore. Notably, EBITDA margins expanded by 134 basis points, indicating improved cost management and operating leverage.
Apollo Micro Systems currently holds an order book of approximately ₹13,050 million, providing strong revenue visibility for the coming quarters. The company operates across a wide range of defence products, including multi-influence ground mines, limpet and moored mines, aerial bombs, rockets, and anti-submarine warfare systems. Through its subsidiary with explosives capabilities, the group positions itself as a Tier-I Original Equipment Design and Manufacturing player.
Commenting on the performance, Managing Director Mr. Baddam Karunakar Reddy highlighted the company’s alignment with national initiatives such as Atmanirbhar Bharat. He also indicated that Apollo Micro Systems is targeting a revenue CAGR of 45–50% over the next three years from its core business, supported by a healthy order book and new products entering production.
Overall, the Q3FY26 results underscore Apollo Micro Systems’ growing scale, strategic relevance in India’s defence ecosystem, and its ability to convert orders into consistent financial growth.
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