Shares of Apollo Micro Systems Ltd surged by 8.35% on Monday, reaching a session high of Rs 405.15 apiece. The significant increase followed the defense electronics company's announcement of robust financial results for the September quarter and a record-breaking consolidated order book.
Strong Q2 Performance Fuels Growth
For the quarter ending September 30, 2026, Apollo Micro Systems reported a consolidated net profit of Rs 46.15 crore, marking a substantial 54% year-on-year increase. Revenue from operations also saw impressive growth, rising 72% year-on-year to Rs 388.15 crore. Consolidated EBITDA, excluding other income, climbed by 88% to Rs 111.18 crore.
On a standalone basis, the company's revenue from operations for the September quarter increased by 97% year-on-year to Rs 306.3 crore. Standalone EBITDA, excluding other income, jumped significantly to Rs 107.6 crore from Rs 32.8 crore in the same quarter last year, while profit after tax reached Rs 47.7 crore, up from Rs 15.9 crore.
Record Order Book and Strategic Expansion
A key highlight of the announcement was the company's consolidated order book, which hit an all-time high of Rs 1,765 crore as of September 30, 2026. This substantial order backlog underscores strong demand for Apollo Micro Systems' offerings in defense and aerospace technology, which include defense electronics, embedded systems, and weapon-system solutions.
Looking at the first half of the fiscal year (FY27), Apollo Micro Systems achieved consolidated revenue from operations of Rs 639.44 crore, an increase of 78.2% year-on-year. Consolidated EBITDA, excluding other income, grew 64.7% to Rs 164.91 crore, and profit after tax rose 49.6% to Rs 71.37 crore.
In a recent letter to shareholders, Managing Director Baddam Karunakar Reddy outlined the company's ambitious plans for further expansion within the missile technology value chain. These plans include seeker development, supporting infrastructure, and the long-term objective of integrating capabilities to develop complete weapon systems. The company's investor presentation also detailed its strategy for defense explosives and acquisition-led efforts to enhance its overall capabilities.