Apollo Micro Systems Q4 FY26: PAT +169%, new high

Stock jumps to a fresh 52-week high

Shares of Apollo Micro Systems extended recent gains after the company reported strong Q4 FY26 earnings. On Thursday, the stock rose nearly 6% to touch a fresh 52-week high of ₹377.70 on the NSE. The move followed a sharp reaction earlier in the week as well, with the stock rising over 9% during the trading session on Tuesday, May 19 after the results were announced.

The price action reflects how closely the market is tracking execution and profitability for defence and aerospace-linked names. For Apollo Micro Systems, the latest quarter delivered a sharp year-on-year expansion in both revenue and profit, supported by higher EBITDA and improved margins.

Q4 FY26: profit and revenue show sharp year-on-year growth

For the quarter ended March 31, 2026 (Q4 FY26), Apollo Micro Systems reported a steep rise in consolidated profit after tax (PAT). As per regulatory filings cited in the provided details, consolidated PAT stood at ₹37.61 crore, up 168.64% year-on-year versus ₹14 crore in Q4 FY25. Another figure in the provided information puts Q4 PAT at ₹36.79 crore versus ₹13.96 crore, which is consistent with the same growth trend.

Revenue from operations for the March quarter rose about 81% year-on-year to around ₹293.25 crore to ₹293.26 crore, compared with about ₹161.76 crore to ₹161.77 crore a year earlier. The company also described the quarter as its highest-ever quarterly revenue, EBITDA and PAT performance.

EBITDA rises 88% and margins improve

Operating performance strengthened alongside revenue growth. EBITDA rose 88% year-on-year to ₹67.64 crore in Q4 FY26 from ₹35.99 crore in Q4 FY25, based on the provided filing-linked numbers.

EBITDA margin improved to about 23% to 23.1% in Q4 FY26, compared with around 22% to 22.3% in the corresponding quarter last year. Separately, the information provided also cites operating margin expansion as a theme, with an EBITDA margin up 114 bps to 24% and PAT margin up 185 bps to 12% (stated in the context of FY26 margins).

Costs, interest and depreciation: what the quarter showed

The quarter also saw higher costs in absolute terms, in line with the larger scale of operations. Total expenditure climbed 79.4% year-on-year to ₹225.61 crore in Q4 FY26, as per the provided data.

Raw material costs were reported at ₹222.93 crore (up 78.5% year-on-year), and employee expenses rose 97.2% year-on-year to ₹13.45 crore. Interest costs declined 14.2% year-on-year to ₹9.08 crore, while depreciation increased 68.4% year-on-year to ₹6.97 crore.

FY26 performance: revenue crosses ₹900 crore and profit improves

For the full financial year FY26, the company reported strong growth in revenue and profitability. Consolidated revenue from operations is cited at ₹904.32 crore, up from ₹562.06 crore to ₹562.07 crore in FY25, indicating growth of about 61% year-on-year. The article inputs also include an FY26 revenue figure of ₹940.3 crore; however, the FY26 filing-linked number repeatedly referenced is ₹904.32 crore.

On profitability, FY26 consolidated net profit is reported at ₹112.92 crore compared with ₹56.39 crore in FY25. Another FY26 profit figure provided is ₹107.38 crore versus ₹56.36 crore, which points to the same broad outcome: a substantial year-on-year increase in consolidated profit.

Order book stands at ₹1,432 crore as of March 31, 2026

Apollo Micro Systems said its consolidated order book stood at ₹1,432 crore as of March 31, 2026. The company characterised this order position as providing visibility for future growth.

In its commentary included in the provided text, management linked the performance to “consistent execution” and “operational discipline,” and highlighted a commitment to indigenisation and the Atmanirbhar Bharat initiative.

Corporate updates highlighted alongside the results

Along with the financial performance, the company’s managing director, Baddam Karunakar Reddy, described FY26 as a “breakthrough year” and highlighted several milestones mentioned in the provided inputs. These included successful completion of the IDL Explosives acquisition through Apollo Defence Industries Pvt Ltd (ADIPL), receipt of a DPIIT licence for UAV manufacturing, and securing its first export order.

These updates are relevant for investors tracking how product transitions, licensing, acquisitions, and exports are feeding into execution and reported profitability.

Key numbers at a glance

Why the results matter for the stock and the sector

The immediate market reaction indicates that investors are focusing on the combination of high growth and improving margins. Q4 delivered a sharp increase in EBITDA and PAT, with revenue growth of over 80% year-on-year. The cited order book of ₹1,432 crore adds a measurable data point on the company’s pipeline at the end of the year.

For the wider defence and aerospace supply chain, such results are often read as a sign of execution capability as orders move from development to production. In Apollo Micro Systems’ case, management explicitly referenced the transition of multiple products into the production phase during Q4 FY26.

Conclusion

Apollo Micro Systems’ Q4 FY26 numbers showed strong year-on-year growth in revenue, EBITDA, and profit, and the stock responded by hitting a new 52-week high of ₹377.70 on the NSE. FY26 also ended with revenue above ₹900 crore and a consolidated order book of ₹1,432 crore as of March 31, 2026. Investors are likely to track subsequent filings and updates on the order book conversion, product production ramps, and progress on the UAV licence and export initiatives mentioned by management.