Apollo Micro Systems Ltd Achieves Record Revenue and Profit in FY2025
Apollo Micro Systems Ltd reports its highest-ever revenue and profit for the fiscal year 2025, marking a significant milestone in its growth trajectory.
Apollo Micro SystemsFinancial ResultsDefence TechnologyAtmanirbhar BharatStrategic AcquisitionReal EstateMay 25, 2025
The company reported a record-breaking performance with revenue surging to ₹562 crore, a 51% year-on-year (YoY) increase from ₹372 crore in FY24. The Profit After Tax (PAT) also saw a sharp rise to ₹56 crore, marking an 81% YoY growth over ₹31 crore in FY24.
Mr. Baddam Karunakar Reddy, Managing Director of Apollo Micro Systems Limited, stated, “FY25 has been a landmark year for Apollo Micro Systems Ltd, marking our strongest performance to date. We achieved a significant milestone with revenue reaching ₹562.07 crore, representing a robust 51.24% year-on-year growth. EBITDA stood at ₹132 crore, reflecting a 54% increase YoY, with a healthy EBITDA margin of 23.50%. Net profit surged by 81.18%, in line with our annual guidance. What we commit, we deliver.
These results are a testament not just to numbers, but to the strength of our robust order book, the successful execution of strategic defence programs, and the seamless transition of several high-value products into the production phase. In a business defined by tailored, complex, and mission-critical solutions, sequential (quarter-on-quarter) comparisons often fail to reflect the true picture. Product mix and delivery cycles vary significantly based on client-specific requirements. Accordingly, annual performance remains the most meaningful benchmark for evaluating our financial and operational progress.
Our sustained investments in indigenous technologies, coupled with our alignment to national defence priorities such as Atmanirbhar Bharat, continue to strengthen our position as a trusted partner in India’s evolving defence ecosystem. We are also pleased to announce a significant strategic milestone — the acquisition of IDL Explosives Ltd. This marks a new chapter for Apollo Micro Systems as we move closer to becoming a fully integrated Tier-1 defence OEM. The acquisition not only enhances our manufacturing capabilities but also broadens our solutions portfolio across critical areas of India’s defence supply chain. It is a proud moment and a feather in our cap that positions us for greater impact and scale.
Looking ahead, we expect revenue to grow at a CAGR of 45% to 50% over the next two years — driven solely by the core business, excluding any contribution from the recent acquisition. This growth is underpinned by a healthy order book and multiple products entering the production phase. Operating margins are projected to improve in the first half of FY26 due to favorable operating leverage and product mix. However, ongoing and planned capital investments are expected to moderate margin expansion in the latter half of FY26 and into FY27.
Recent geopolitical developments — particularly the India–Pakistan conflict — have further accelerated demand for indigenous defence solutions. Several of our systems were successfully tested and demonstrated during this period, generating significant interest and engagement across the defence value chain. As we move forward, our commitment remains unwavering: to drive innovation, deliver operational excellence, and deepen strategic partnerships. Apollo Micro Systems is not only delivering record-breaking results — we are helping shape a self-reliant, future-ready defence infrastructure for India.”
CONSOLIDATED INCOME STATEMENT
| Particulars (Rs in Mn) | Q4FY25 | Q3FY25 | QoQ | Q4FY24 | YoY | FY25 | FY24 | YoY |
|------------------------|--------|--------|-----|--------|-----|------|------|-----|
| Revenue from Operations | 1617.7 | 1483.9 | 9% | 1354.4 | 19% | 5620.7 | 3716.3 | 51% |
| Other Income | 7.3 | 9.8 | | 8.6 | | 28.9 | 18.3 | |
| Total Revenue | 1625.0 | 1493.7 | 9% | 1363.0 | 19% | 5649.5 | 3734.6 | 51% |
| Total Expenses except Depreciation, Amortization and Finance Cost | 1257.8 | 1104.4 | | 1066.9 | | 4328.6 | 2877.7 | |
| EBITDA (ex Other Income) | 359.9 | 379.6 | -5% | 287.4 | 25% | 1292.1 | 838.7 | 54% |
| EBITDA Margin | 22% | 26% | -13% | 21% | 5% | 23% | 23% | 2% |
| Finance Cost | 105.8 | 87.6 | | 83.0 | | 342.2 | 303.0 | |
| Depreciation | 41.4 | 39.9 | | 31.4 | | 153.3 | 113.0 | |
| PBT | 220.0 | 261.9 | -16% | 181.7 | 21% | 825.5 | 440.9 | |
| Tax | 80.4 | 79.5 | | 52.3 | | 261.9 | 129.9 | |
| PAT | 139.6 | 182.4 | -23% | 129.3 | 8% | 563.6 | 311.1 | 81% |
| PAT Margin | 9% | 12% | -30% | 10% | -10% | 10% | 8% | 20% |
| Diluted EPS | 0.5 | 0.6 | | 0.48 | | 1.9 | 1.2 | |
CONSOLIDATED BALANCE SHEET
| Key Balance Sheet Items (Rs in Mn) | FY24 | FY25 |
|-------------------------------------|------|------|
| Equity Share Capital | 282.4 | 306.5 |
| Reserves | 4,909.8 | 5,769.2 |
| Borrowings | 2,080.4 | 3,353.5 |
| Other Liabilities | 632.4 | 793.9 |
| Trade Payables | 1,657.4 | 2,771.9 |
| Total Liabilities | 9,562.4 | 12,995.0 |
| Net Block | 1,407.0 | 1,722.7 |
| Capital Work In Progress | 348.4 | 722.8 |
| Other Assets | 911.3 | 1,534.9 |
| Trade Receivables | 2,352.7 | 2,383.3 |
| Inventory | 4,335.6 | 6,006.5 |
| Cash and Cash Equivalents | 207.4 | 624.8 |
| Total Assets | 9,562.4 | 12,995.0 |
Frequently Asked Questions
What was Apollo Micro Systems Ltd's revenue for FY25?
Apollo Micro Systems Ltd reported a revenue of ₹562 crore for FY25, representing a 51% year-on-year increase from ₹372 crore in FY24.
How much did the Profit After Tax (PAT) grow for Apollo Micro Systems Ltd in FY25?
The Profit After Tax (PAT) for Apollo Micro Systems Ltd grew by 81% in FY25, reaching ₹56 crore compared to ₹31 crore in FY24.
What significant acquisition did Apollo Micro Systems Ltd make in FY25?
Apollo Micro Systems Ltd acquired IDL Explosives Ltd in FY25, enhancing its manufacturing capabilities and broadening its solutions portfolio across critical areas of India’s defence supply chain.
What is Apollo Micro Systems Ltd's projected revenue growth for the next two years?
Apollo Micro Systems Ltd expects its revenue to grow at a CAGR of 45% to 50% over the next two years, driven by a healthy order book and multiple products entering the production phase.
How did recent geopolitical developments impact Apollo Micro Systems Ltd's performance?
Recent geopolitical developments, particularly the India–Pakistan conflict, have accelerated demand for indigenous defence solutions. Several of Apollo Micro Systems Ltd's systems were successfully tested and demonstrated during this period, generating significant interest and engagement across the defence value chain.
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