Apollo Micro Systems Ltd (APOLLO) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management expects the MIGM order RFP in November 2026, aiming for a purchase order by February 2027 to secure a 20% advance payment this fiscal year.
- The total order book is guided to reach INR 4,500-5,000 crore by March 2027, factoring in the large, anticipated MIGM contract.
- A new associate company, Shauryaastra Defence Systems, has been formed with Dr. V. K. Saraswat to design complete weapon systems, with Apollo as the production partner.
Performance Overview
- Delivered the strongest performance in the company's history with record results for both the September quarter and the first half of FY27.
- The Competition Commission of India (CCI) approved the Premier Explosives transaction, a key regulatory milestone.
- Received Transfer of Technology for the Semi-Active Laser Homing system, enhancing indigenous precision guidance capabilities.
- Launched a new group company, Shauryaastra Defence Systems, to design and develop complete weapon systems and long-range platforms.
- Achieved a record-high order book of INR 1,765 crore as of September 30, 2026, indicating strong business momentum.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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