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Earnings Call Transcript

Apollo Micro Systems Earnings Call Transcript: Key Takeaways

Apollo Micro Systems achieved record Q1 FY27 results with consolidated revenue of INR 251 Cr, up 88% YoY. Strategy focuses on indigenous defense manufacturing and backward integration via the INR 1,550 Cr Premier Explosives acquisition.

Guidance and delivery
Management target Revenue 42.5% FY27
Highlights
Revenue growth88% YoY consolidated; 17% YoY standalone.
MarginsHighest ever standalone EBITDA (31%) and PAT (18%) margins.
Order bookConsolidated INR 1,704 Cr; Standalone INR 1,224 Cr.
Demand visibilityStrong visibility from QRSAM, MIGM, and Pinaka programs.
Management confidenceHigh, citing best June quarter in history.

Growth

Consolidated Revenue grew 88% YoY to INR 251 Cr. PAT increased 43% to INR 25 Cr.

Outlook

Management guides 40%-45% revenue CAGR. Unit III commissioning expected by March 2027.

Risks

Procurement cycles are long; quarterly fluctuations are common in defense. Regulatory approvals for acquisitions are pending.

Last quarter's promises, checked

Delivered

  • Guided 15% standalone PAT margin → delivered 16% (= BEAT)
  • Commitment to zero attrition in R&D team → delivered zero attrition (= BEAT)
  • Targeting highest ever quarterly revenue → delivered INR 293 Cr (= BEAT)

Partly delivered

  • Targeted zero promoter pledge by FY26 → delivered ~39% (= PARTIAL)
  • Unit 3 completion → Phase 1 civil work complete, Phase 2 ongoing (= PARTIAL)

Missed

  • Guided 45%-50% organic revenue growth → delivered 36% (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: APOLLO. Summary written with AI assistance from the document.

Read the document ↗

Apollo Micro Systems Ltd: key numbers

Share price
₹395.60
Market cap
₹14,135 Cr
Revenue (annual)
₹904.3 Cr
Net profit (annual)
₹112.9 Cr
P/E (TTM)
116.5×Sector 53.6×
Promoter holding
49.98%-2.00% QoQ
FII holding
7.59%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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