Apollo Micro Systems shares jump nearly 10 percent on strong Q2 earnings and rising order book

Apollo Micro Systems shares jumped nearly 10 percent on Monday, 26 October, following strong financial results for the second quarter and first half of fiscal year 2027. The company reported a Q2 revenue of 388 point 15 crore rupees, which is up 72 point 3 percent from a year earlier. Profit after tax for the quarter rose 53 point 7 percent to 46 point 15 crore rupees, while EBITDA increased 87 point 8 percent to 111 point 18 crore rupees.

Strong Performance

For the first half of the fiscal year, revenue grew 78 point 2 percent year-on-year to 639 point 44 crore rupees. Profit after tax for the half-year increased 49 point 6 percent to 71 point 37 crore rupees, and EBITDA rose 64 point 7 percent to 164 point 91 crore rupees. The defence electronics company also reported an all-time-high consolidated order book of 1,765 crore rupees as of 30 September 2026.

Management and Expansion

Managing Director Baddam Karunakar Reddy said the company's best-ever Q2 performance reflected strong execution, resilience, and a focus on key priorities. He added that the firm aims to accelerate execution and support national defence preparedness. Meanwhile, group company IDL Explosives commissioned a bulk explosives silo unit near Asansol in West Bengal with a capacity of 9,000 metric tonnes to supply mining operations.

Context

Defence manufacturing firms in India are seeing higher demand as the country pushes for self-reliance in military equipment and local production. Companies in this sector often rely heavily on large government orders and long-term contracts with state-backed mining or defence agencies.