Apollo Micro Systems LimitedQ2 FY27 Results & Financial Update
Apollo Micro Systems Limited: Q2 FY27 consolidated results and company financials – revenue ₹388.15 Cr, PAT ₹46.15 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Apollo Micro Systems Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Apollo Micro Systems reported consolidated revenue from operations of INR 388.15 crore for the quarter ended September 30, 2026, marking a substantial expansion compared to the preceding quarter's revenue of INR 136.86 crore (derived from QoQ change metrics).
Total income for Q2 FY27 reached INR 391.69 crore, bolstered by other income of INR 3.54 crore and interest income of INR 4.46 crore.
Profit before tax (PBT) advanced strongly to INR 92.48 crore, compared to INR 54.81 crore in the previous quarter.
Profit after tax (PAT) stood at INR 46.15 crore for the quarter, yielding a net profit margin of approximately 11.89%, up from 10.03% in Q1 FY27.
Earnings per share (EPS) for the quarter rose to INR 1.32, compared to INR 0.57 in the previous period.
Financial performance reflects higher business volumes and execution velocity during the quarter, offset by rising tax provisions and financing costs.
01 · Business model
What does Apollo Micro Systems do?
Apollo Micro Systems Limited designs, develops, and manufactures high-performance mission-critical electronic, electro-mechanical, and engineering solutions primarily for defense, space, and home security applications in India.
The company operates in the electronics system design and manufacturing (ESDM) sector, supplying advanced hardware, avionics, missile integration systems, and electronic warfare suites to government agencies, defense research bodies, and public sector undertakings.
Apollo's revenue model relies on winning complex, technology-intensive defense contracts, executing custom-engineered projects, and delivering sub-assemblies and complete systems that require rigorous testing and compliance.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹388.15 Cr | ₹251.29 Cr |
| Total income | ₹391.69 Cr | ₹253.54 Cr |
| Profit before tax | ₹92.48 Cr | ₹37.67 Cr |
| Profit after tax | ₹46.15 Cr | ₹25.22 Cr |
| EPS | ₹1.32 | ₹0.75 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 11.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 23.8% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹3.54 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations surged to INR 388.15 crore during Q2 FY27, indicating accelerated execution on order books compared to INR 136.86 crore in Q1 FY27.
Total income was supplemented by INR 3.54 crore in other income and INR 4.46 crore in interest income during the quarter.
What drove margins
Tax expenses for the quarter stood at INR 46.32 crore, notably higher than the INR 33.87 crore tax charge recorded in Q1 FY27, impacting the conversion of PBT to PAT.
Finance costs increased to INR 14.63 crore in Q2 FY27 from INR 3.91 crore in the preceding quarter, reflecting increased borrowing activity or working capital deployment.
Depreciation and amortisation expenses remained steady at INR 7.60 crore, comparable to INR 7.60 crore in Q1 FY27.
04 · Reported developments
What changed operationally
Profit after tax expanded to INR 46.15 crore in Q2 FY27, representing an 83.03% increase over the previous quarter.
05 · Pressure points & risks
What is not going smoothly
Higher tax outlays of INR 46.32 crore and increased finance costs of INR 14.63 crore exerted pressure on bottom-line margins during the quarter.
06 · Items worth noticing
The line items that can distort a quick read
The company recorded provisions of INR 1.96 crore during Q2 FY27.
07 · Beyond the numbers
What changed beyond the numbers
Reported update
Statutory Filing Compliance
The financial results for Q2 FY27 were reviewed and submitted through official exchange structured filings under IND AS standards.
08 · Previous-quarter changes
What changed since the previous quarter
Revenue expanded significantly from INR 136.86 crore in Q1 FY27 to INR 388.15 crore in Q2 FY27.
Profit before tax increased by 145.51% sequentially from INR 37.67 crore in Q1 FY27 to INR 92.48 crore in Q2 FY27.
09 · Key Q&A
The quarter, answered directly
What does Apollo Micro Systems do?
Apollo Micro Systems Limited designs, develops, and manufactures high-performance mission-critical electronic, electro-mechanical, and engineering solutions primarily for defense, space, and home security applications in India.
What is the clearest takeaway from Q2 FY27?
Apollo Micro Systems reported consolidated revenue from operations of INR 388.15 crore for the quarter ended September 30, 2026, marking a substantial expansion compared to the preceding quarter's revenue of INR 136.86 crore (derived from QoQ change metrics).
What drove revenue or demand?
Revenue from operations surged to INR 388.15 crore during Q2 FY27, indicating accelerated execution on order books compared to INR 136.86 crore in Q1 FY27.
What mattered most for margins or profitability?
Tax expenses for the quarter stood at INR 46.32 crore, notably higher than the INR 33.87 crore tax charge recorded in Q1 FY27, impacting the conversion of PBT to PAT.
What changed operationally beyond the headline numbers?
The financial results for Q2 FY27 were reviewed and submitted through official exchange structured filings under IND AS standards.
What are the main pressure points disclosed for the quarter?
Higher tax outlays of INR 46.32 crore and increased finance costs of INR 14.63 crore exerted pressure on bottom-line margins during the quarter.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Tax Rate Trends: Monitor future quarters for effective tax rates relative to profit before tax levels.
- 02
Finance Cost Trajectory: Track ongoing finance costs to assess working capital and debt efficiency.
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