Apollo Micro Systems Q1 FY26: Revenue up 46%, PAT 110%

Key takeaway from the quarter

Apollo Micro Systems Limited (AMSL) reported a strong set of numbers for Q1 FY26, led by sharp year-on-year (YoY) growth in both revenue and profit. The company said revenue increased 46.5% to ₹133.58 crore, while net profit after tax (PAT) surged 125.6% to ₹19.43 crore.

The quarter also showed operating leverage in several data points shared alongside the results, including higher operating income and improved margins. At the same time, investors tracking AMSL should note that multiple datasets in the provided disclosures carry slightly different profit figures for the same quarter, which is common when platforms classify “net income”, “PAT”, or “normalized” earnings differently.

Q1 FY26 headline numbers reported

The company’s Q1 FY26 revenue number in the update was ₹133.58 crore. Another summary table for “Quarterly - Apollo Micro Systems Q1 Results” also lists total revenue at ₹133.58 crore for the quarter ended Jun 2025, against ₹91.20 crore in Jun 2024, implying YoY growth of 46.47%.

On profitability, the narrative update mentioned PAT of ₹19.43 crore (up 125.6% YoY). The platform-style quarterly table lists net income (net income) at ₹18.51 crore for Jun 2025, versus ₹8.43 crore in Jun 2024, implying YoY growth of 119.58%. A separate management-style summary referenced PAT of ₹18 crore for Q1 FY26 compared with ₹8 crore in Q1 FY25.

Cost, operating income, and EPS signals

The Q1 quarterly table provides a clearer view of operating cost movement and operating income.

• Total operating expense for Jun 2025 was ₹97.14 crore, versus ₹72.28 crore in Jun 2024.
• Operating income for Jun 2025 was ₹36.44 crore, versus ₹18.92 crore in Jun 2024.
• Depreciation and amortization stood at ₹4.49 crore.
• Diluted normalized EPS was ₹0.54 for Jun 2025, compared with ₹0.29 in Jun 2024.

Separately, the quarterly “All Figures in Cr.” table shows adjusted EPS at ₹0.58 for Jun 2025, up from ₹0.47 for Mar 2025. Because these are stated as “Adjusted EPS” and “Diluted Normalized EPS” in different tables, investors typically treat them as related but not identical measures.

What the sequential trend shows in the quarterly table

AMSL’s quarterly series (in ₹ crore) shows how sales, operating profit, and financing costs have moved across recent quarters. For Jun 2025, the table lists net sales of ₹133.58 crore, total expenditure of ₹92.60 crore, and operating profit of ₹40.99 crore.

Interest cost was ₹10.02 crore in Jun 2025, marginally lower than ₹10.51 crore in Mar 2025. Other income was ₹1.35 crore in Jun 2025. These line items matter because they influence profit conversion even when topline growth is strong.

Margin commentary and what was stated

A performance summary included margin indicators for Q1 FY26:

• EBITDA was stated at ₹41 crore.
• EBITDA margin was stated at 31% in Q1 FY26 versus 25% in Q1 FY25.
• PAT margin was stated at 13% in Q1 FY26 versus 9% in Q1 FY25.
• PBT margin was stated at 19% in Q1 FY26 versus 13% in Q1 FY25.

The same section attributed the margin expansion to cost efficiency and execution. These statements align with the operating income increase shown in the quarterly table, although the EBITDA and operating income labels come from different summaries.

Snapshot table: Q1 FY26 vs Q1 FY25 (as provided)

Promoter holding update

The shareholding snapshot provided shows promoter holding at 49.98% in Jun 2026. The same series indicates promoter holding of 51.98% in both Dec 2025 and Mar 2026, and 50.65% in Jun 2025. This suggests a reduction between Mar 2026 and Jun 2026, based on the data shared.

Earnings calendar and market snapshot

Two dates were highlighted:

• Last earnings date: Q4 FY25-26 on 18 May 2026
• Upcoming earnings date: Q1 FY26-27 on 8 Aug 2026

A valuation snapshot in the text listed CMP at ₹174, market capitalisation at ₹5,345 crore, and P/E at 48. Another line stated the reported EPS for Apollo Micro Systems Ltd. is 3.16, while estimated EPS was shown as not available.

Additional disclosed figures (converted to ₹ crore)

Some additional quarterly figures were disclosed in ₹ million, which convert to ₹ crore (₹1 crore = ₹10 million):

• Q4 FY26 total income: ₹2,136.28 crore (₹21,362.77 million)
• Q4 FY26 revenue from operations: ₹2,052.22 crore (₹20,522.18 million)
• Q4 FY26 net profit after tax: ₹374.47 crore (₹3,744.73 million)
• Consolidated total income for Q4 FY26: ₹2,964.49 crore (₹29,644.90 million)

These numbers are presented as stated in the supplied text and are not reconciled here with the separate quarterly tables that list figures such as ₹293.26 crore revenue for Mar 2026.

Order-related disclosure mentioned in the call transcript

A call transcript excerpt referenced a “maiden export order” valued at 13.37 million and described as “worth around ₹113.81 crore” for the development of an advanced avionic system. The same management commentary also described Q1 FY26 growth as being driven by order book execution and transitioning multiple systems into the production phase.

Conclusion

Apollo Micro Systems’ Q1 FY26 update points to strong YoY growth in revenue and profit, along with margin improvement metrics cited in the performance summary. The next scheduled milestone in the disclosures is the upcoming earnings date of 8 Aug 2026, which will provide the next quarterly read on execution and profitability trends.