{"id":183446,"date":"2026-05-19T02:35:05","date_gmt":"2026-05-19T06:35:05","guid":{"rendered":"https:\/\/alphastreet.com\/india\/apollo-micro-systems-ltd-apollo-q4-2026-earnings-call-transcript\/"},"modified":"2026-05-19T02:37:48","modified_gmt":"2026-05-19T06:37:48","slug":"apollo-micro-systems-ltd-apollo-q4-2026-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/apollo-micro-systems-ltd-apollo-q4-2026-earnings-call-transcript\/","title":{"rendered":"Apollo Micro Systems Ltd (APOLLO) Q4 2026 Earnings Call Transcript"},"content":{"rendered":"

Note:<\/strong> This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon.<\/em><\/p>\n

Apollo Micro Systems Ltd (NSE: APOLLO) Q4 2026 Earnings Call dated May. 19, 2026<\/span><\/strong><\/p>\n

Corporate Participants:<\/h2>\n

Addepalli Krishna Sai Kumar<\/strong> \u2014 Whole Time Director, Operations<\/em><\/p>\n

Analysts:<\/h2>\n

Pritesh Orukum Oramkara<\/strong> \u2014 Analyst<\/em><\/p>\n

Unidentified Participant<\/strong><\/p>\n

Presentation:<\/h2>\n

Operator<\/strong><\/p>\n

Ladies and gentlemen, good day and welcome to Apollo Microsystems Limited Q4FY26 earnings conference call hosted by ICICI Securities Limited. This conference call may contain forward looking statements about the company which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risk and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes.<\/p>\n

Should you need assistance during this conference call, please signal an operator by pressing Star then zero on your touch to info. Please note that this conference is being recorded. I now end the conference. Over to Mr. Pritesh Orukum Oramkara from ICICI securities. Thank you. And over to you sir.<\/p>\n

Pritesh Orukum Oramkara<\/strong> \u2014 Analyst<\/em><\/p>\n

Thank you Operator. Good morning everyone. I welcome you all to Apollo Microsystems Q4FY26 conference call. I would like to thank the management for guiding for giving us the opportunity to hold the conference call. From the management team we have Mr. Konakar Reddy, Managing Director, Mr. Sai Kumar, full time Director and Mr. Sudarshan Shiluvaru, CFO. Now I hand over the call to the management for opening remarks. Thank you.<\/p>\n

Addepalli Krishna Sai Kumar<\/strong> \u2014 Whole Time Director, Operations<\/em><\/p>\n

Good morning everyone. Myself A. Krishna Sai Kumar, the Director Operations, Apollo Microsystems. Thank you all for being with us today. It’s always a privilege to engage with our valued investors and provide updates on our performance strategy and future outlook. I’m pleased to share that we have delighted we have delivered our highest ever quarterly and 12 months revenue marked by consistent execution, operational discipline and a strong commitment to indigenization and the Atman Muddhar Bharat Initiative.<\/p>\n

I trust you have had the opportunity to review our financial results. Shareholder Letter, Press Release, Spare Sheet and Investor Presentation the Shareholder letter reflects the two thoughts from Apollo Microsystems which will help you understand where we are headed and our long term direction. The press release provides a concise overview of our annual and quarterly financial performance. The pair sheet offers a snapshot of who we are, what we do, our financial highlights and a glimpse into Vision 2036.<\/p>\n

The investor presentation provides a comprehensive overview of our weapons systems and subsystems, explosive portfolio, financial performance and strategic priorities. This marks our fourth interaction to conclude fiscal year 2026. We are pleased to begin with a significant milestone that mark our continued growth and global progress. We are pleased to announce that an additional acquisition by our subsidiary Apollo Defense Industries Private Limited is expected to be completed before end of this financial year which will significantly complement our organic growth and overall strengthen our business.<\/p>\n

We are currently charting our Vision 2036 document which will be unveiled soon and will outline our detailed strategy, three key growth areas and strategic direction for Apollo’s growth over the coming decade. The games of vision 2036 has already been shared with you through the Shareholder Letters and the Care Sheet. Our vision is to grow as a global OEM over the next 10 years with recognizable revenue streams across land, air and sea domains, expanding our presence in Indian markets while continuing to scale in global markets, delivering valued products built with conviction and strengthening our R and D capabilities with the most advanced and futuristic technologies.<\/p>\n

The four pillars of our vision are first, becoming a global OEM made in India, Transitioning from a Tier 1 supplier of critical electronics to a recognizable global OEM in defense platforms where Apollo’s name is on the platform itself, not only inside electronic system which form part of a platform second, building recognizable and diversified revenue streams across land, air and sea so that no single platform, program or customer defines the Apollo story Third, deepening our presence in Indian defence procurement while meaningfully expanding in global markets, converting our first export order into a sustained international revenue stream and fourth, driving conviction led innovation which has always been a backbone of Apollo Microsystem backed by futuristic RD in radio frequency technologies, artificial intelligence, autonomous systems and machine navigation technologies.<\/p>\n

We do make mistakes. Some bets will succeed while others may require a course correction. What I commit to you on behalf of the entire team, Apollo and the management team and the Managing Director of Apollo is that we will communicate with complete transparency through both success and setbacks without blotting over challenges or overstating achievements. Let me now take you through our consolidated performance in last five years, full year that is 2026 and fourth quarter ended 31-3-26. Over the last five years we have delivered strong compounded growth and operational performance.<\/p>\n

Between FY21 and FY26 our revenue grew from operations at CAGR of 30% while EBITDA grew at a CAGR of 41%. Over the same period, our bottom line significantly outpaced top line growth resisting a CAGR of 64%. We also witnessed meaningful margin expansion during this period. EBITDA margin improved from 19% in FY21 to 24% in FY26 reflecting an expansion of 500 basis points, fat margin expanded by 700 basis points increasing from 6% in FY21 to 12% in FY26. The ROCE improved substantially from 10% in FY21 to 18% in FY26 demonstrating enhanced operational efficiency and capital productivity.<\/p>\n

Our working capital cycle has also seen a significant improvement reducing from 626 days in FY21 to 359 days in FY26. Moving to our FY26 performance, during the last call we had indicated an internal target of achieving a 15% pad margin. At the standalone level we commit, we deliver. We closed the year with the full year pack margin of 16%. At consolidated level, our top line of FY26 stood at 904 crores registering a strong year on year growth of 61% compared to 562 crores in FY25. EBITDA excluding other income grew significantly by 69% to 218 crores in FY26 as against 129 crores in FY25.<\/p>\n

A similar growth trajectory was witnessed in fact which outpaced revenue growth and increased by 91% to 107 crores in FY26 compared to 56 crores in FY25. FY26 has been a breakthrough year in Apollo’s history marked by strong financial discipline and operational execution. During the year, ROCE and roe stood at 18.23% and 11.21% respectively. EBITDA margin expanded by 114 basis points to 24% in FY26 while PAT margin expanded by 185 basis points to 12% in FY26. We made the highest investment in R and D within the industry during FY26 with R&D expenditure amounting to 8% of revenue which is around 72 crores in absolute terms.<\/p>\n

Notably, we recorded zero attrition within our R and D team during this year reflecting the strength and stability of our talent base in FY26. Our focused and rigorous R and D efforts culminated in successful development of products such as minicarpeta sensor suits, underwater autonomous vehicles, fiber optic, gyro based INS systems and several other advanced solutions. We are also actively working on multiple critical and next generation technologies and solutions that will strengthen our future capabilities and growth trajectory.<\/p>\n

I would now like to draw your attention to some of the key highlights of FY26 that have laid a strong foundation for the years ahead including a successful fundraiser Greenfield expansion in Telangana, 100% acquisition of Ideal Exclusives Reciproc our first export order a tri party alliance with Indian Navy IIT Chennai and AMS an MoU with GRFC. We also received an industrial license for TNT and RDX through a subsidiary company Ideal Exclusive we have received a DPIIT license covering UAVs, INS systems, radars, torpedoes, underwater mines, ATGMs, decoys, shafts and players, aerial Bombs, rockets, missiles and lighting munitions.<\/p>\n

This is a remarkable achievement which are a lifetime license for the company and which paves a way and a road for penetrating into a full fledged platforms for the company for the Indian markets as well as for the global markets. And also we have received transfer of technology for direct Energy weapons including laser based DEW and Electro optical tracking systems. I would like to now touch upon the quarterly performance on a consolidated basis. Q4 FY26 marked our highest ever quarterly revenue EBITDA and PAT performance revenue surged by 81% year on year basis to 293 crores compared to 162 crores in Q4FY25 driven by robust execution of our order book and the successful transition of multiple products in production phase.<\/p>\n

Addicta also witnessed strong growth increasing by 88% to 68 crores in FY26 Q4 and the PAD recorded an exceptional growth of some 64% year on year rising to 37 crores as against 14 crores in the corresponding quarter of the previous year. Our order book as of 31 March stood at 1432 crores on a console basis providing strong visibility for future growth. Our Strength Apollo Heritage strength has been in the air and underwater domains including Missiles, Electronic Warfare, Avionics, Top dose Sonar underwater domains.<\/p>\n

Our presence in land systems has historically been limited, however this is now changing in a deliberate and well resourced manner. FY2627 will mark our serious entry into key defense domains including armament, Electronics, Fire control systems and battle Tanks, Infantry Combat vehicles and artillery platforms, Vehicle mounted Counterblown systems with trial schedule in the upcoming quarters. We have done remarkable progress in development of our futuristic rocket programs like the BM21 Brad Rocket.<\/p>\n

As you are all are aware that we have been trusted partner and supplier for various programs and guidance and navigation systems. One such program is the Pinaka Program and for many other programs. We will also continue our role as the approved production partner for DIDO and you all are aware that we are already approved production partner for multi influential ground mine and we are expecting to become a DCP partner for other variants of Mine of drdo India’s migm, which is India’s first indigenous naval mine of its class designated as Vigana.<\/p>\n

Developed under DCPP with brgo, each of these initiatives represent a strategic foothold together forming the foundation for long term compounding growth over the coming in the air domain. Our focus areas include unmanned systems, loitering munitions, rail platforms and counter zones. Our commitment to emerging technology spans three core areas RF systems, Artificial intelligence and emission navigation systems. In RF, we are developing various RF centers like RF tracking and direction finding system and various other electronic warfare sensors and advanced communication source, the neutral backbone of modern combat platforms.<\/p>\n

In artificial intelligence, we are building embedded AI for center fusion for autonomous vehicles and underwater autonomous systems and also for various battlefield applications and also for the various direction finding applications. We have done a good progress in this concluded financial year in developing initial navigation system based on fiber optic gyros and we will be unveiling the product soon and we will update our investors from time to time. These commitments underscore our continued operational excellence and reaffirm the strength of our growth trajectory into FY36.<\/p>\n

We have evolved from being a subsystem and systems manufacturer to establishing ourselves as a full fledged weapon system manufacturer. A significant milestone in our journey of growth and technological Excellence. Building on 41 years of technological excellence, we are poised to evolve into a multidisciplinary defense system powerhouse to drive next generation innovation. Our vision is bold, built on strong fundamentals and an unwavering commitment in creating value for our stakeholders. Thank you for your continued trust and support.<\/p>\n

We now look forward to addressing your questions.<\/p>\n

Questions and Answers:<\/h2>\n

Operator<\/strong><\/p>\n

Thank you very much. We’ll now begin with the question and answer session. Anyone who wishes to ask a question may press STAR and one on the Touchstone telephone. If you wish to remove yourself from the question queue, you may press STAR and two Participants are requested to use handsets while asking a question. I request to all the participants. Kindly limit yourself to two questions per participant and rejoin the queue for a follow up question. Ladies and gentlemen, we’ll wait for a moment while the question queue assembles.<\/p>\n

The first question is from line of Amit Dixon from Goldman Sachs. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, hi, good morning everyone and thanks for the opportunity. Consideration for a very good set of numbers and a very informative presentation uploaded on the exchanges. A couple of questions from my end. The first one is essentially if I look at the revenue growth, very impressive order book is around 1430 odd crores. Now my question is more on, you know, near term scenario, what kind of order inflows we expect in FY27 and 28, let us say, because you know, if we don’t get substantial order inflows, then this, then this superlative revenue growth might not be sustained.<\/p>\n

So just want to get your thoughts on that. The order inflows that you expect for FY27, 28, that is the first question.<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Can you continue with all your questions? I will answer it once.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. The second one is essentially on FY36 vision. I mean, thanks for articulating it in the letters to shareholder. Shareholders just want to understand the key tenets of that FY36 vision. I mean, while you have explained in terms of products where you want to be the multidisciplinary company, but if you have any financial parameters, I mean handy if you can articulate them, that would be wonderful.<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

So I will go ahead with the first question. So primarily, you know, we are expecting a large ticket project, you know, which we have been, you know, quite vocal about for the last, you know, one year. And the time has come and the clocking of this large ticket orders are due to come. And anytime in this financial year we will be getting. And our order book size also will cumulatively increase both on standalone as well as on a console basis. So that is something that I would like you to understand.<\/p>\n

We will continue to grow at a similar rate in this particular financial year and the subsequent financial year backed by the size of the order book that we are going to have. The order book sizes will increase, you know, significantly, you know, as we have been telling. And that’s something that was going to happen in this financial year. That’s something which I want to tell regarding the FY36. We just wanted to give a glimpse of what we are trying to do. The more nitty gritties of that, you know, we will come back, you know, to our investors and we will start being more vocal about it and how the members will culminate and all, you know, from time to time.<\/p>\n

But at this point of time where we are heading, we just want to give a course, you know, for you to understand, you know, what provision, you know, that we have down the line.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, so great. That’s helpful. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Next question is from the line of Abhijit Singh from Systematics Group. Please go ahead.<\/p>\n

Pritesh Orukum Oramkara<\/strong><\/p>\n

Thank you for the opportunity and good to see such great results. Sir. I want to understand what is our product and offering in the air defense systems that are going to come up like you know, QR Sands and Kusha. So what is our capability and products and offerings going into these Air defense systems. That is my first question. Second question, sir, where are we on the development of the RF speaker in the brahmos and do we also supply some other subsystems for brahmos other than our development initiative?<\/p>\n

On speakers.<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Okay, so if you remember, you know, in the previous convol, our managing director, he has already informed to investors that, you know, we have started the RF seeker development in house. RF seeker development for a couple of programs. And the programs are, these are our internal, you know, R D programs and we are investing heavily in that and we are setting up a specific specialized, you know, you know, RF seeker, you know, you know, testing facility in our upcoming unit in Harbor Park. So this is about the RF Seeker and regarding the our presenting QRSAM school and other things like these are two nitty gritty questions and I would not like to take on a con call but you know, I would like to, you know, tell that we have a good and decent presence in both the KUSHA program as well as in the QSM program.<\/p>\n

Various systems like the SAMs, the, you know, actuations and other systems are part of these programs actually. So as of now, I just would like to make it on the day.<\/p>\n

Pritesh Orukum Oramkara<\/strong><\/p>\n

Okay, sir, thank you. Thank you so much.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Next question is from the land of Gaurav Shah from Nithya Capital. Please go ahead.<\/p>\n

Pritesh Orukum Oramkara<\/strong><\/p>\n

Good morning sir. Congratulations for a very good set of numbers. I have two set of questions. One is wanted to check on what is the status of the unit 3 which was under construction. Second one is on wanted to know your thoughts on the large inventory and trade receivables that we have on our books and how do we see it coming down vis a vis the total revenue going forward.<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

So unit three, civil work is already complete for phase one. So phase two, civil work is, you know, still taking place. Some of the machinery, you know, which we have ordered have already been, you know, we have already received those machinery and you know, installation process going on and maybe electrical and other facade, you know, works are going on phase one. So we will be, you know, taking the position of the premises, you know, face wise and subsequently we will be shifting maybe machinery which is presently in the unit one to unit three, you know, on stage, the stage basis.<\/p>\n

Okay. And regarding the inventory, you know, the inventory holding days, you know, there is an improvement in this financial year and there is something which is going to be in the subsequent financial years as well. As you all know that the predominant business that gets recorded are development orders actually. And we are expecting, you know, decently good production orders. You know, on in this financial year as well as in the subsequent financial year, most of the programs have got matured and a lot of other larger players have already started receiving orders.<\/p>\n

As we have been predominantly subsystem and supplier to the various platform integrators, we are likely to get a large production order. As and when these production orders keep hitting and then the revenue starts recognizing, I think the inventory levels will slowly come down. But because of this the revenue size will also parallel grow as the number of programs are, you know, increasing. The, you know, obviously the inventory will also keep growing because in the gestation cycles of these raw material and the production and testing cycles of these different systems are very, you know, highly elongated actually which is, which is common amongst this industry.<\/p>\n

So there’s nothing that, you know, I mean say a factor that has to be looked on that about the inventory and the sizes of it. As the business keeps growing, the levels will also keep growing. But as the scale of operations will increase you will definitely see a decent improvement in the holding periods because all the test facilities which we have outsourced, which we have been outsourcing for last several years, we are setting up all the test facilities. So that is something that will contribute to the overall holding periods.<\/p>\n

That’s what you’ll see any visibility in a few quarters down the line.<\/p>\n

Pritesh Orukum Oramkara<\/strong><\/p>\n

Okay, thank you sir.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Next question is from line of Darshil Zaveri from Crown Capital. Please go ahead.<\/p>\n

Pritesh Orukum Oramkara<\/strong><\/p>\n

Hello? Hello.<\/p>\n

Operator<\/strong><\/p>\n

Yes, go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hello, hello, can you hear me?<\/p>\n

Operator<\/strong><\/p>\n

Yes, go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah. Hi sir. Hi. So firstly sir, congratulations on a great performance sir. And until presentation sir, so just wanted to understand. I was. Sorry, I was just. There was a network issue for me so I couldn’t hear the previous comments. So in terms of idl, what is the revenue expectation that you know, we have in this year and going forward? Sir? And what utilization and margins is it profiting on currently? Sir,<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Ideal last year performance stood at around 380 crores, little less than 380 crores. So it will continue to maintain a similar level of performance. So this is primarily a huge shift of management which has been there for decades now Our outlook towards IDEAL is totally different. As of now I’m not able to give any guidance on Ideal. It’s presently undergoing a transformation phase. In the next couple of quarters we are taking a lot of initiatives. In last one end of product and in next couple of quarters, you know, more initiatives will be taken.<\/p>\n

I think we’ll, we will be quite vocal about you know, ideal, you know, revenue guidance and other things from, you know, from Q3 onwards.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, okay, fair enough, sir. So but in, but currently at trinity crores, is it profitable or what do you feel sir right now like if you just give a broad range in terms of like the potential margins that can it come to the, you know, consolidated margins that we’re doing right now or you know, is it nearby? How is, how are we planning to make it EPS accelerative<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Last few years ideally was loss making. Okay. But you know there’s a huge transformation. As I already told you that we have started by taking up the initiatives and the operational loss we have reduced significantly in both EBITDA levels and at the different levels of the balance sheet. Going forward you will see a huge improvement in that. As of now it’s undergoing a transformation and one after the other we are able to do that.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. I’ll request to come back for a follow up question. Next question is from the line of Ronak Sanghvi from Nafa Asset Managers. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hello,<\/p>\n

Operator<\/strong><\/p>\n

Go ahead sir.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, thank you for taking my question. I want to know a specific thing about like in the slide number 101 you have mentioned state owned defense public sector units recorded 42% surge in exports reaching of 8389 crore. A large part of these two are from explosives as part of ammunition, particularly for artillery. So which is big demand in Europe. So are you looking into that venture soon?<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Yeah, we will be going heavily on artillery, you know, side. We have already started getting orders, you know, to that extent. Very shortly we are going to get a 31, you know, order as well. So as in then you know we keep getting, you know, we definitely announce you that this is one area which we would be expanding continuously. Explosive person will be supported by our explosive, you know, subsidiary exclusive and the rest of the hardware and you know, whatever the intelligence is required.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

So this will be like filled shells, filled artillery shells. Not only the empty shells, am I right?<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Yeah.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Next question is from the line of Pratik Bagaria, individual investor. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah. Hi sir. First of all, thanks for giving me this opportunity and congrats for a great set of numbers. So I have two specific questions. First I wanted to understand that you have mentioned that around management has participated around 150 plus indigenous programs and around 700 plus onboarded technologies. So can you throw some light as to currently at what stage are they? Are they in the serial production stage or still the development or prototype stage?<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

That will be a very exhaustive question. So but I will just give a touch base on it that you know, some of the programs are in development phase, some of them are in serial production phase, some of them are in, you know, trial phase like that actually. Okay, so but you know, detailing of each program and all over the call, you know, it’s very sensitive also to, you know, discuss. But you know, these are at the various phase levels which are panning around the missile programs, the naval programs, the air defense programs, the land system programs and all put together.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

So are we expecting any revenue contribution from them in the coming few quarters?<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Yeah, obviously any indigenous nickel program which you, which is going for production, which you hear say, you know, through the news, social media or you know, the defense news or any other, you know, media, you know, all those programs we will be having our, you know, equipment going in it. Actually that’s a unique, uniqueness of Apollo that, you know, we have a presence across every indigenous missile program. That’s how I can term ourselves.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, thank you. And my second question is with respect to the promoter pledge part. I remember last year when we discussed the idea was to bring it down completely to zero in FY26, but as I can check it is still around 39%. So can you give us a roadmap as to what does the management see.<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Immediately? Roadmap, I cannot tell. But in the last, you know, you know, call, you know, we said that, you know, in the upcoming financial year we are going to come out of this and we stand by that actually because of this financial year.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. I’ll request you to come back for a follow up question. Next question is from the line of Ayush Agarwal from MAPL Value Investing Fund. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, hi sir, good morning. Thanks for the opportunity. My questions are pertaining to the subsidiary Ideal Explosives. I want to understand more on the TNT and HMX side. First question is if you can tell us why are we going with a smaller expansion, not a larger one. What is the particular expansion, the CAPEX size we are doing in TNT and HMX? I understand it’s 500 ton for TNT and 50 ton for HMX. But like, you know, what capital will be used for that and why not a larger CAPEX for these two products?<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

So Ayesha, primarily the TNT and HMX licenses which we obtain are the, are the idea rack for the industrial exposure requirements, actually. Okay. The capacities are not limited to that. For higher capacities for the defense exposure, you know, we will be doing a very large expansion. So the DPRs that have, are getting ready and as, and then, you know, we feel it to be, you know, necessary that you know it has to be open in the market. You know, we will keep disclosing, keeping in view of the sensitivity of the area that we are working to the investors from time to time.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Understand One more question on these products is, you know, what would be the global demand in your opinion for TNT and what is the supply situation against it? Are there a lot of plants coming up outside of India to cater to this global demand and can we see prices coming down that have gone up in the last two, three years?<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Globally the conflicts have been boiling at the highest peak level in the last six years. You know there’s a huge depletion of stocks across the world in different various countries and keeping in view of the EFC and other issues, you know, a lot of plans which are unoperational for several decades in many countries. So this brings a lot of opportunity for the exclusive companies both in India as well as across the world actually. So the idea behind me, you know, getting into exclusive was one that you know, we wanted to get into full platforms now that we have a lot of experience, experience that we have put up and some of which we have already demonstrated and we have been qualified in some of the places, you know, we have been qualified as a production partner as part of the DIDA program.<\/p>\n

Some of the programs we are directly developing ourselves, indigenous, you know, RD and captive, internal, you know, R and D investments and some of the areas we have directly taken orders from army and Navy. That’s something which we are developing. So both as the captive requirement is one such thing we are going to do now that you know, we are going to, you know, build up a facility for a capital requirement will also be serving for the other markets as well.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Ayusha requested to come back for a follow up question. Next question is from the line of Amit Kumar from HDFC Securities. Please go ahead.<\/p>\n

Pritesh Orukum Oramkara<\/strong><\/p>\n

Hello, Good afternoon sir. Congratulations for a great set of numbers. I hope<\/p>\n

Operator<\/strong><\/p>\n

I’m audible. Yeah, so congrats sir for great set of numbers and lot of licenses from government of India. So my only question is we can see a lot of potential from these new licenses. Missiles, ATGM’s, torpedoes, mines, aerial bombs, etc so can you please in two minutes to explain that how much is the revenue potential from each of these? I mean I’m not, I mean holding up for a specific number but at least the guidelines and what could be the timelines for these materializing Would be of great help.<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

All, all variants of mine. We have, you know, two variants of mine, One shallow, one deep water. And you know, we have two variants of mine which are limited means. We have diver carried means. All these. Only these variants of mine alone would be accumulative, you know, market, you know, very limited market size of something like 4,000 to 4,500 gross, you know, that we are expecting which out of it some of the orders, you know, which we will be getting this financier, some maybe next next after financial on a continual basis.<\/p>\n

We also have some opportunities, you know, overseas, you know, we have started submitting our offers. So just to give a glimpse of one area. So areal bonds are bump bombs primarily. This also very sizable market. We are trying to, you know, reduce the cost of, you know, the production of it and something the trials have already been successful successfully. This is something which we are working with like that there are many other opportunities and it will be too exhaustive, you know, to take up in this call.<\/p>\n

But you know, the. The addressable market opportunity for the licenses that we have got is pretty large as a tan out of which where we are qualified that itself runs into it, you know, recently very large numbers.<\/p>\n

Operator<\/strong><\/p>\n

Okay. Also I mean if you can squeeze in. So I mean considering all of these, can we see visibility for at least next five years at the current pace of growth?<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

That’s something which I have already told in my speech itself that you know, we will continue to grow at the same pace or an accelerated pace in the years coming ahead, including this financial year.<\/p>\n

Operator<\/strong><\/p>\n

Okay, thank you sir. Thank you. Next question is from the line of Aryan Singh from Heim Securities. Please go ahead.<\/p>\n

Pritesh Orukum Oramkara<\/strong><\/p>\n

Congratulations sir, on great soft set of numbers. My first question is regarding composition of the order book.<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

On the list of order book we have never given. You know, I would like to refrain from the questions. I want to take it offline.<\/p>\n

Pritesh Orukum Oramkara<\/strong><\/p>\n

Okay, sir, my second question is like what are going to be the best products which are going to contribute most of our revenue in the coming years?<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

No, it’s not like that. You know, what products are going to contribute to revenue? You know, this is primarily. There are two aspects of it. One, you know, predominantly our business has been coming through the idea which are relevant programs and through the system integrators, you know, where whoever has been, you know what I mean? You know, integration of a larger platform. Okay. So you know, it all depends on, you know, which systems are. Which platforms are getting into production phase in various years.<\/p>\n

So it will be a very tricky question. To answer, you know, as and when there is an order book, then I will be able to tell that this is happening, that over next period of a few years, you know, how that will culminate is something new. But please keep a watch on various weapon programs that are getting into production and the announcements that are given by the government or various system integrators, including the defense PSUs and the biopsy integrators, who have got orders and, you know, which are getting into production.<\/p>\n

In all of those programs, we will be, you know, having a, you know, presence.<\/p>\n

Pritesh Orukum Oramkara<\/strong><\/p>\n

Okay, thank you, sir.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Next question is from the Lenov, Kavish, Parikh from 361 capital. Please go ahead.<\/p>\n

Pritesh Orukum Oramkara<\/strong><\/p>\n

Hi, team. Thanks for the opportunity. My question pertains to the current global supply chain environment. Are you witnessing any disruption in the availability of key supplies of critical components at this point? And could you also highlight the countries or regions from which you source these critical inputs and if there is any potential impact that you see on your production timelines or costs or overall operations if these situations persist?<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Nothing. See the geopolitical issues and something, you know, which are not new or something which are based on the current conflict or something which has been there since time immemorial. Okay, so, but, you know, as far as the, you know, performance point of view is concerned, you know, whether there will be a significant dent or not, you know, in the years to come, that’s something that, you know, is very tough to answer, actually. But there could always be a timing issue because of the various, you know, operational conditions which are running across the globe as the day stands, you know, the very immediate, what do you call, global issue which we have faced with corona.<\/p>\n

And at that time, there was a supply chain disruption, then there was a reset of, you know, how to work in this particular type of environment, of giving a guidance of, you know, what material at what point of time, you know, has to be you know, procured. So that’s how we used to give our, you know, guidance to our, you know, OEMs and suppliers of the various semiconductors which are our primary raw material. Accordingly, you know, we were procuring, okay, the similar reset will keep happening as, you know, as and when any such, you know, global events happen.<\/p>\n

But I think very immediate effect of, you know, and denting of the, you know, overall performance, you know, is something, you know, I don’t contemplate, but the timing of revenue recognitions may shift by a quarter or so. I mean, I’m not specifically talking about me as such, you know, as an industry also actually but broadly per se if you have to ask me as of now there’s nothing very significant, you know that I could see everything is normal as I am speaking to you now I’m in Middle east, you know everything is good to go here, you know, thing is normal so I don’t think any issues will be there.<\/p>\n

Pritesh Orukum Oramkara<\/strong><\/p>\n

Great, so great. So good to know that. Thank you so much. That was my question.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Next question is from the line of Vivek Gautam from GS Investments. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, so congratulations on good set of number and I what I basically like was the letter written by you. It was a very heartfelt letter and very sincere and actually we just started tracking the company. So basically if you don’t mind if you can repeat the basically the expected growth rate for our company opportunity size for us in India under Atmerbhar as an export and the differentiators for our company and are there any product where we are making short of monop sort of competition intensity is quite less.<\/p>\n

So that is these are my questions<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

But if I say that you know I am doing I’m having a monopoly or certain things, you know then it becomes quite controversial. So I would not like to term anything like that. But definitely we have a uniqueness, you know in terms of certain products where we are the only company who got qualified in certain areas and in certain areas where you know we are the only you know qualified, you know company who is a full fledged developer with all round you know IP available with us including the explosive portion of it.<\/p>\n

Although there are you know competition you know in fray in certain areas where they are and it and end up to be only a system integrators or a production partner actually. So it’s. It’s a. It’s variable this thing but there is nothing like a monopolization may not be as the right word but we have a unique standing point where we have the ability to re engineer and develop and advance technologies by virtue of holding the IT with us which is a key differentiator compared to many other peer players of that specific technology or of that particular area of where we are working.<\/p>\n

That’s how you<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Know I would like to you know professionally term IT as and coming to the opportunity size and exports also and also the fact that the last budget if I’m not wrong last financial year was the first year by government of India where the 100 defense allocated defense budget was used and I believe the dynamic defense secretary Mr. Singh is doing great work over there so what is the expected growth rate for us and the company and the sector in India?<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Definitely a dream come true and definitely a beautiful achievement by, you know, Ministry of Defence, Government of India. I personally congratulate, you know, you know, for all the stakeholders who have contributed in achieving that. And unfortunately I would, I could not be a part of, you know, that achievement which I definitely regret on my part. But we are very strong in our conviction that our exports going forward will start inching to grow and subsequently will start escalating on a higher scale for which all the requisite initiatives.<\/p>\n

We have started taking up the audits by some of the customers of interest who are interested to work with us in place orders which are export opportunities. The audit has already started actually and we are just expecting our new facility to get ready so that we can firmly and strongly take up the opportunities. Because once we commit, we have to deliver them on time. That’s something which will be very important. And now that the portfolio of the XFLO also will be growing in the next few quarters for us, this is something in larger opportunities we would be having you already, as I already told to other investors in the conference, we already started submitting our offers for various export opportunities and in the years ahead we will be having some meaningfully good decent amount of share in the export size we see which is being recorded<\/p>\n

Unidentified Participant<\/strong><\/p>\n

As an export from the country. And there was one large order from Navy for I believe mines or something, torpedo something because. Yeah, we are expecting<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Any moment. We are expecting it any moment. Any moment we should be getting this approval from the bank. So sorry to interrupt your audience. Not here. So we are expecting this batch approval any moment as and when we receive. We’ll definitely keep you posted. But this is something which is going to happen very shortly.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

That’s wonderful to hear, sir. And with government also intent on spending the full defense budget allocated, good times are there for us. Thank you very much.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Next question is from Zion of Raj Rishi from DCPL. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, hi sir. Mr. R.K. Singh, the defense secretary recently said in the CIA summit that the private sector might be involved in this ballistic missile production. So how do you see yourself if this happens?<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

It’s fantastic. If someone is taking the opportunity, then you know, I should be a key contributor because I have a lot of building blocks already available with me. But presently that’s not something that we are eyeing by ourselves.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, but it will expand the opportunity size for you, right?<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

It will definitely<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Expand<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Opportunity. You know, we have some interest coming from few Players, you know, who are eyeing as very large programs. We would be more than happy to work in a collaborative mode. This is definitely an era of collaboration. You know, we are open for opportunities wherever and whoever company would like to collaborate along with us and utilize the length and width of the experience in the IT build blocks that we have built over last 40 years. And it would be lovely working, you know, together on a consortium basis.<\/p>\n

That’s how I would comment as of now.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

And sir, this government proposed RND fund of 1 lakh crore. How do you see yourself being affected by that positively or otherwise?<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

I’m not suggesting any thought on that, you know, I have no comments on it.<\/p>\n

Operator<\/strong><\/p>\n

Thank you Raj. I’ll request to come back for a follow up question. Participants, I’ll request you to limit yourself to one question per participant. Next question is from line of Shrianj from SG securities. Please go ahead.<\/p>\n

Pritesh Orukum Oramkara<\/strong><\/p>\n

Hi, good morning sir. I had a couple of questions. The first one was on the acquisition that we have. I think we’ve been talking of that RF acquisition. So if you could give some more details on where, you know, which line of which area we have that acquisition and like quantum and what kind like how do we intend to fund that, Some more details around that. I know you said it’s going to close this year but where are we with that? As of now I’m born,<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

As of now I’m born by NDA. I’ll not be able to divulge any much detail in next few I would say, you know, before end of this quarter you will start getting to hear you know, more significant news which we have been vocal during the last quarter as well. So that has got little delayed, you know, owing to the you know, global conflicts and you know, the various processes internally that you know we were contemplating couldn’t happen. But as in, as things get, you know, progress a little more, you know we will be more open and I will keep you posted.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Next question is from the line of Ankur Kumar from Alpha Capital. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hello sir. Thank you for taking my question. Sir, I wanted to understand on this order book of 1430 odd crore how much of this we expect to execute in this year.<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Tricky question. You know we have you know a few upcoming orders as well, you know, some of the orders you know will be executed in this financial year, some will spill over to the next financial year. But we have some of you orders expected in this financial year, you know, which will update the momentum growth that we have been demonstrating. That’s all I can think<\/p>\n

Unidentified Participant<\/strong><\/p>\n

For this year what is what should be our estimate on on revenue and margin, sir<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Will continue to grow similar.<\/p>\n

Operator<\/strong><\/p>\n

Thank you Ankur. I’ll request you to come back. Next question is from the line of Ankur Sugarwal from Sewage Capital. Please go ahead.<\/p>\n

Pritesh Orukum Oramkara<\/strong><\/p>\n

Yeah, hi. Thank you for teaching my question. So firstly if I look at a standalone which is the organic growth for the year has been around 36% in terms of revenues versus I think the earlier guidance sort of was 45 to 50% sort of CAGR. So just wanted to anchor<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

It getting disturbed. Can it be a little slower?<\/p>\n

Pritesh Orukum Oramkara<\/strong><\/p>\n

Yeah. So the question is that our guidance for the organic growth was about 45 to 50% in terms of revenues. The standalone revenue growth for this year has been around 36% so slightly lower than that. So just wanted your thoughts on that. And like going ahead, do we continue to maintain that 45 to 50% CAGR organic growth guidance or are we sort of changing and given that some of the bigger orders that we were expecting last year, print material days,<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Second projects which we expected to be excluded in the last quarter of that couldn’t happen because of certain approvals which got pending actually from our customers for them which was still lying. That’s how the holding inventory is all about. Actually that’s something that we would be getting eventually. Generally these are all time based on the various approvals that we get from time to time. It’s fully restricted actually. So that’s how you know, know we couldn’t meet that, you know, 89% of guidance.<\/p>\n

You know we have just got this but we will bounce back and you know we will continue to maintain similar momentum.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Next question is from the line of Rahel Dasani from Metal Analytics. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

I’m audible.<\/p>\n

Operator<\/strong><\/p>\n

Yes sir.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah. I have two quick questions regarding Ideal Explosives. First of all, how easy is it to get into this, into the explosive customers and utilize a new capacity especially IDL having an industrial explosive supplier tank. And secondly, what margins are possible in TNT and HMX because as we know IDL is currently loss making and maybe this expansion and new products change that. Otherwise Apollo’s standalone numbers will dilute these two questions.<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Good question. You know the second part of it I will tell you. See the the on an averaging and it goes for a consult. Then definitely there will be a drip owing to the you know, presently negative EBITDA of Ideal. But as I already told that you know it’s not transformation phase, it’s just purely temporary and this is something which will start getting bonds back in next few quarters down the line regarding the exact margin, kind of a guidance that I will start doing from Q3 onwards, which I have already told actually.<\/p>\n

Regarding your first question, whether this the new market, which is the different explosive thing, we are already part of a different explosive market. The various systems that we are supplying already are filled with it and where we are actually outsourcing it, it’s something that we would continue to do with our capital systems actually. So we have been part of the defense ecosystem, we have been part of the defense technology ecosystem which is the ideal. So I don’t think there is any challenge with us for us rather to penetrate much deeper into the market.<\/p>\n

The size of the market is pretty large and the size of the industry size which is kept presently supplying for it is pretty small. So I think we definitely have a very large opportunity owing to both capital requirement and also for the requirements of the country.<\/p>\n

Operator<\/strong><\/p>\n

Thank you ladies and gentlemen. We’ll take that as a last question and now hand the conference over to the management for closing comments. Sir, would you like to give any. Sorry.<\/p>\n

Addepalli Krishna Sai Kumar<\/strong><\/p>\n

Thank you so much. So we extend our sincere gratitude to the Ministry of Defence and Government of India for their continued trust in the Indian defense manufacturing ecosystem. Their confidence reflected through substantial investment in the strong endorsement of our nation’s industrial capabilities and emulation potential. We remain steadfast in our commitment to delivering advanced solutions that bolster operation readiness and strengthen national security. It is an honor to serve the nation and we stand fully prepared to support our armed forces under all circumstances.<\/p>\n

I, joined by our MD and cfo, extend our heartfelt thanks to all our esteemed investors and members for being with us today. Your continued trust and partnership mean the world to us. Your participation and feedback are invaluable to us. We remain committed to enhancing our performance and driving sustainable growth. We look forward to welcoming you to our facilities where you will have the opportunity to observe our operations and initiatives at the ground level. If you have any further questions or wish to share your thoughts, please reach out to Investor Relations or write to us at investors.relationsapolo-metro.com thank you once again for your time and we look forward to reconnecting with you during our Q1 update.<\/p>\n

Wishing you all a great day ahead.<\/p>\n

Operator<\/strong><\/p>\n

Thank you very much on behalf of ICICI Securities. That concludes this conference. Thank you for joining us and you may now disconnect your lines.<\/p>\n","protected":false},"excerpt":{"rendered":"

Note: This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon. Apollo Micro Systems Ltd (NSE: APOLLO) Q4 2026 Earnings Call dated May. 19, 2026 Corporate Participants: Addepalli Krishna Sai Kumar \u2014 Whole Time Director, Operations Analysts: Pritesh Orukum Oramkara \u2014 Analyst Unidentified Participant Presentation: Operator […]<\/p>\n","protected":false},"author":2377,"featured_media":147581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6349],"tags":[10169,9175,9104,9092,14492,10089],"class_list":["post-183446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","tag-earnings","tag-earnings-call","tag-earnings-conference","tag-earnings-transcripts","tag-financial-results","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":170640,"url":"https:\/\/alphastreet.com\/india\/apollo-micro-systems-q1-fy26-earnings-results\/","url_meta":{"origin":183446,"position":0},"title":"Apollo Micro Systems Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"August 26, 2025","format":false,"excerpt":"Apollo Micro Systems Ltd is a pioneer in the design, development, assembly, and testing of electronic and electromechanical solutions. Presenting below its Q1 FY26 Earnings Results. Q1 FY26 Earnings Results Revenue: \u20b9134 crore, up 47.25% year-on-year (YoY) from \u20b991 crore in Q1 FY25. Total Expenses: \u20b9109 crore, up 36.25% YoY\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"APOLLO Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/APOLLO.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/APOLLO.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/APOLLO.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/APOLLO.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/APOLLO.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/APOLLO.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":172976,"url":"https:\/\/alphastreet.com\/india\/apollo-micro-systems-q2-fy26-earnings-results\/","url_meta":{"origin":183446,"position":1},"title":"Apollo Micro Systems Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"December 10, 2025","format":false,"excerpt":"Apollo Micro Systems Ltd, a pioneer in the design, development, assembly, and testing of electronic and electromechanical solutions, reported a stellar performance in Q2FY26. Financial Highlights: Revenues increased 39.75% year-on-year to \u20b9225 crore from \u20b9161 crore. Total expenses rose 30.22% to \u20b9181 crore from \u20b9139 crore. Consolidated net profit jumped\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Q2 FY26","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/APOLO.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/APOLO.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/APOLO.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/APOLO.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/APOLO.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/APOLO.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":118084,"url":"https:\/\/alphastreet.com\/india\/apollo-pipes-ltd-apollopipe-q4-fy21-earnings-concall\/","url_meta":{"origin":183446,"position":2},"title":"Apollo Pipes Ltd (APOLLOPIPE) Q4 FY21 Earnings Concall","author":"Sahil Anand","date":"May 5, 2021","format":false,"excerpt":"Apollo Pipes Ltd (NSE:APOLLOPIPE) Q4 FY21 Earnings Concall dated May 05, 2021","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":152740,"url":"https:\/\/alphastreet.com\/india\/apollo-micro-systems-ltd-q1fy24-10-rise-in-profits\/","url_meta":{"origin":183446,"position":3},"title":"Apollo Micro Systems Ltd Q1FY24; 10% rise in Profits","author":"Divyansh_Kasana","date":"August 11, 2023","format":false,"excerpt":"Apollo Micro Systems Ltd is a pioneer in design, development, assembly and testing of electronic and electro mechanical solutions. Financial Results: Apollo Micro Systems Ltd reported Revenues for Q1FY24 of \u20b957.69 Crores up from \u20b956.27 Crore year on year, a rise of 2.52%. Total Expenses for Q1FY24 of \u20b955.08 Crores\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-689.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-689.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-689.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-689.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-689.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-689.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":181527,"url":"https:\/\/alphastreet.com\/india\/apollo-micro-systems-ltd-apollo-q2-2026-earnings-call-transcript\/","url_meta":{"origin":183446,"position":4},"title":"Apollo Micro Systems Ltd (APOLLO) Q2 2026 Earnings Call Transcript","author":"News desk","date":"April 1, 2026","format":false,"excerpt":"Apollo Micro Systems Ltd (NSE: APOLLO) Q2 2026 Earnings Call dated Nov. 05, 2025 Corporate Participants: Sudarshan Chiluveru \u2014 Chief Financial Officer Analysts: Mr. Mohit Lohia \u2014 Vice President Nilabja Dey \u2014 Analyst Presentation: Operator Ladies and gentlemen, good day and welcome to The Apollo Microsystems Q2 FY26 earnings conference\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":145621,"url":"https:\/\/alphastreet.com\/india\/earnings-apollo-tyres-limited-nse-apollotyre-q4fy23-results-out-total-income-rises-11-yoy\/","url_meta":{"origin":183446,"position":5},"title":"Earnings | Apollo Tyres Limited (NSE: APOLLOTYRE): Q4FY23 Results Out; Total Income rises 11% YoY.","author":"Divyansh_Kasana","date":"May 10, 2023","format":false,"excerpt":"Apollo Tyres Limited is a leading tire manufacturing company based in India. Established in 1972, the company has since expanded to become a global brand, with operations in Asia, Europe, Africa, and America. Apollo Tyres offers a wide range of tires for passenger cars, commercial vehicles, and off-highway vehicles, including\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-33.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-33.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-33.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-33.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-33.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-33.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/183446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2377"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=183446"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/183446\/revisions"}],"predecessor-version":[{"id":183448,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/183446\/revisions\/183448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/147581"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=183446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=183446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=183446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}