Apollo Micro shares jump 9% after reiterating growth guidance, exports upside on Q2 results

Shares of Apollo Micro Systems Ltd. gained on Monday, October 26, after the company reported a positive set of earnings in the second quarter.

The company's profit after tax (PAT) increased by 53.3% to ₹46 crore from ₹30 crore last year.

Its revenue of ₹388 crore was up 72.4% from ₹225 crore in the previous year.

Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 88.1% to ₹111 crore from ₹59 crore in the second quarter last year. Its EBITDA margin expanded to 28.6% from 26% in the year-ago period.

The company's management highlighted that the expansion into the missile technology value chain, including seekers and complete weapon systems, leverage the recent DRDO technology transfer initiatives.

The company also reported an order book of approximately ₹1,765 crore as of September 2026, providing visibility for future execution.

Its working capital days stood at 353 in the first half of the financial year 2027, comared with 359 days in FY26. This indicates a slight improvement, although the cycle remains long.

For the road ahead, Apollo Micro has reiterated its growth guidance of 40% to 45% with exports expected to offer additional upside going forward. The company's greenfield infrastructure and advanced manufacturing capabilities are currently under development with new programs such as MIGM, moored Mines, and limpet mines.

The company is also building capabilities in explosives and energetics through the IDL and the Premier Explosives acquisition process.

Shares of Apollo Micro Systems are trading 8.7% higher on Monday at ₹407. The stock is up 47% so far this year.

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