Apollo Micro Systems Reports Robust Q3 FY26 Revenue and PAT Growth

Apollo Micro Systems Limited reported strong Q3 FY26 numbers, with revenue and profit both rising year-on-year. Revenue from operations for the quarter ended 31 December 2025 grew 70% to Rs 252.22 crore. Profit After Tax for the same period reached Rs 22.88 crore, up 25% compared with Q3 FY25.

Total income for Q3 FY26, including other income of Rs 0.91 crore, stood at Rs 253.13 crore. This was 69% higher than the Rs 149.37 crore reported in Q3 FY25. However, on a sequential basis, revenue increased more modestly from Rs 225.26 crore in Q2 FY26, reflecting steady quarter-on-quarter growth.

On a nine-month basis, Apollo Micro Systems Limited delivered broad-based growth in FY26. Revenue from operations for 9M FY26 rose 53% year-on-year to Rs 611.07 crore, against Rs 400.30 crore in 9M FY25. Including other income, total revenue for 9M FY26 reached Rs 614.15 crore, up from Rs 402.46 crore a year earlier.

Operating costs, excluding depreciation, amortisation and finance charges, increased in line with higher activity levels. Such expenses climbed to Rs 201.83 crore in Q3 FY26, compared with Rs 166.08 crore in Q2 FY26. They were also higher than Rs 110.44 crore reported in Q3 FY25, reflecting the larger operating scale.

For 9M FY26, operating expenses excluding these non-operating items rose to Rs 460.55 crore. During 9M FY25, the comparable figure was Rs 307.08 crore. This rise shows the cost impact of expanded operations at Apollo Micro Systems Limited, although profitability measures still showed improvement across the reporting period.

Despite cost escalation, Apollo Micro Systems Limited recorded higher earnings before interest, tax, depreciation and amortisation. EBITDA, excluding other income, for Q3 FY26 came in at Rs 50.39 crore. This compared with Rs 37.96 crore in Q3 FY25 and Rs 59.19 crore in Q2 FY26, implying healthy yearly growth but softer sequential performance.

On margins, the Q3 FY26 EBITDA margin stood at 20.0%. For the nine months ended 31 December 2025, the margin was stronger at 24.6%, up from 23.3% in 9M FY25. Aggregate 9M FY26 EBITDA rose 61% year-on-year to Rs 150.52 crore, versus Rs 93.22 crore in the prior comparable period.

Metric	Period	FY26	FY25
Revenue from operations	Q3	Rs 252.22 crore	Rs 148.39 crore
Total revenue	Q3	Rs 253.13 crore	Rs 149.37 crore
PBT	Q3	Rs 31.57 crore	Rs 26.19 crore
PAT	Q3	Rs 22.88 crore	Rs 18.24 crore
PBT	9M	Rs 100.00 crore	Rs 60.55 crore
PAT	9M	Rs 70.59 crore	Rs 42.40 crore

Profit Before Tax for Q3 FY26 was Rs 31.57 crore, up 21% year-on-year from Rs 26.19 crore. Sequentially, PBT declined from Rs 43.15 crore in Q2 FY26. For 9M FY26, PBT climbed to Rs 100.00 crore, showing 65% growth compared with Rs 60.55 crore posted in 9M FY25.

After a tax charge of Rs 8.69 crore in Q3 FY26, Apollo Micro Systems Limited reported PAT of Rs 22.88 crore. This compared with Rs 18.24 crore in Q3 FY25. The PAT margin for the quarter was 9.1%. For 9M FY26, PAT reached Rs 70.59 crore with an 11.6% margin.

The nine-month PAT of Rs 70.59 crore represented a 67% increase over Rs 42.40 crore in 9M FY25. Diluted earnings per share for Q3 FY26 stood at Rs 0.7. For 9M FY26, diluted EPS was reported at Rs 2.1, higher than Rs 1.4 in the same nine-month period of FY25.

"Looking ahead, we expect revenue to grow atleastat a CAGR of 45% to 50% over the next three years driven solely by the core business, excluding any contribution from the recent acquisition. This growth is underpinned by a healthy order book and multiple products entering the production phase.We are also pleased to announce an additional acquisition by ADIPL, which is expected to be completed before the end of this financial year. This acquisition will significantly enhance the our organic growth and overall strength," commented Mr. BaddamKarunakarReddy, Managing Director, Apollo Micro Systems Limited.

Apollo Micro Systems Limited stated that the revenue outlook excludes any benefit from the new acquisition. The proposed acquisition, routed through ADIPL, is expected to close within the current financial year. Management expects it to strengthen both organic growth prospects and the broader financial position over the medium term.

Apollo Micro Systems Limited, listed on NSE as APOLLO and on BSE as 540879, has a 41-year track record. The company works in defence technology and focuses on designing, developing and producing advanced electronic, electro-mechanical and engineering systems. These activities place Apollo Micro Systems Limited within key defence and allied segments.