Board Meeting Details

The Board of Directors meeting was held on 24th October 2026 at the registered office at Plot No 128/A, Road No. 12, BEL Road, IDA Mallapur, Uppal Mandal, Hyderabad – 500076, Telangana, India. The meeting commenced at 11:30 AM IST and concluded at 3:15 PM IST.

Key Decisions and Approvals

1. Considered and approved the Unaudited Standalone Financial Results for the Quarter and Half Year ended 30th September 2026, as reviewed and recommended by the Audit Committee.

2. Took note of the Limited Review Report on Standalone Financial Results for the Quarter and Half Year ended 30th September 2026.

3. Considered and approved the Unaudited Consolidated Financial Results for the Quarter and Half Year ended 30th September 2026, as reviewed and recommended by the Audit Committee.

4. Took note of the Limited Review Report on Consolidated Financial Results for the Quarter and Half Year ended 30th September 2026.

Standalone Financial Performance (All amounts in ₹ lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from operations: ₹30,628.82 (vs ₹22,526.45 in Q2 FY26)
  • Other Income: ₹875.56 (vs ₹316.53)
  • Total Income: ₹31,504.38 (vs ₹22,842.98)
  • Profit before tax: ₹9,756.35 (vs ₹4,751.99)
  • Tax Expense: ₹4,983.38 (vs ₹1,447.42)
  • Profit after tax: ₹4,772.96 (vs ₹3,304.56)
  • Basic EPS: ₹1.31 (vs ₹1.02)
  • Diluted EPS: ₹1.31 (vs ₹0.97)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from operations: ₹46,218.26 (vs ₹35,884.75)
  • Other Income: ₹1,611.40 (vs ₹451.27)
  • Total Income: ₹47,829.65 (vs ₹36,336.02)
  • Profit before tax: ₹13,826.57 (vs ₹7,534.24)
  • Tax Expense: ₹6,270.22 (vs ₹2,287.12)
  • Profit after tax: ₹7,556.35 (vs ₹5,247.12)
  • Basic EPS: ₹2.07 (vs ₹1.62)
  • Diluted EPS: ₹2.07 (vs ₹1.53)

Standalone Balance Sheet Position (as at 30 September 2026)

  • Total Assets: ₹2,84,907.92 lakhs (vs ₹2,29,423.66 lakhs as at 31 March 2026)
  • Property, plant and equipment: ₹28,792.56 lakhs
  • Capital work-in-progress: ₹29,460.75 lakhs
  • Inventories: ₹88,332.89 lakhs
  • Trade receivables: ₹60,526.92 lakhs
  • Cash and cash equivalents: ₹1,030.31 lakhs
  • Equity Share Capital: ₹3,716.00 lakhs
  • Other Equity: ₹1,47,377.24 lakhs
  • Borrowings (Non-current): ₹21,497.17 lakhs
  • Borrowings (Current): ₹38,236.82 lakhs

Consolidated Financial Performance (All amounts in ₹ lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from operations: ₹38,814.95 (vs ₹22,526.45 in Q2 FY26)
  • Other Income: ₹353.73 (vs ₹130.27)
  • Total Income: ₹39,168.68 (vs ₹22,656.72)
  • Profit before tax: ₹9,247.63 (vs ₹4,314.90)
  • Tax Expense: ₹4,632.29 (vs ₹1,312.19)
  • Profit after tax: ₹4,615.34 (vs ₹3,002.71)
  • Profit attributable to owners: ₹4,843.09 (vs ₹3,111.14)
  • Basic EPS: ₹1.32 (vs ₹0.96)
  • Diluted EPS: ₹1.32 (vs ₹0.91)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from operations: ₹63,944.26 (vs ₹35,884.75)
  • Other Income: ₹578.67 (vs ₹217.46)
  • Total Income: ₹64,522.93 (vs ₹36,102.22)
  • Profit before tax: ₹13,014.36 (vs ₹6,843.74)
  • Tax Expense: ₹5,877.42 (vs ₹2,072.59)
  • Profit after tax: ₹7,136.94 (vs ₹4,771.15)
  • Profit attributable to owners: ₹7,534.39 (vs ₹4,962.29)
  • Basic EPS: ₹2.06 (vs ₹1.53)
  • Diluted EPS: ₹2.06 (vs ₹1.45)

Consolidated Balance Sheet Position (as at 30 September 2026)

  • Total Assets: ₹2,94,037.21 lakhs (vs ₹2,36,812.03 lakhs as at 31 March 2026)
  • Property, plant and equipment: ₹33,360.49 lakhs
  • Capital work-in-progress: ₹32,031.06 lakhs
  • Goodwill: ₹14,519.55 lakhs
  • Inventories: ₹90,911.21 lakhs
  • Trade receivables: ₹64,008.71 lakhs
  • Cash and cash equivalents: ₹2,069.49 lakhs
  • Equity Share Capital: ₹3,716.00 lakhs
  • Other Equity: ₹1,48,204.89 lakhs
  • Non-Controlling Interest: ₹(884.91) lakhs
  • Borrowings (Non-current): ₹21,533.38 lakhs
  • Borrowings (Current): ₹43,832.50 lakhs

Subsidiary and Associate Information

  • The consolidated results include subsidiaries: Ananya SIP RF Technologies Private Limited (51% holding), Apollo Defence Industries Private Limited (51% holding), and stepdown subsidiary Apollo Strategic Technologies Private Limited, IDL Explosives Limited.
  • Apollo Defence Industries Private Limited completed acquisition of 100% stake in IDL Explosives Limited on 15 November 2025 for ₹10,700.00 lakhs. Purchase price allocation is preliminary as of 30 September 2026.
  • New associate company Shauryastra Defence Systems Private Limited was incorporated on 21 August 2026 (34% committed stake). Not consolidated due to no operations.

Auditor's Emphasis of Matter

The statutory auditors, S.T. Mohite & Co., highlighted in their limited review report that subsidiary companies have negative net worth, incurred cash losses for the quarter, and have large borrowings/liabilities. This indicates material uncertainty regarding subsidiaries' ability to continue as going concerns. However, management has prepared results on a going concern basis considering improving performance, business plans, and support from Apollo Micro Systems Limited and its promoters.

Additional Information

The company operates in a single segment: electromechanical components and systems and allied components and services. Financial results are available on BSE, NSE, and company website (www.apollo-micro.com).