Large order delays
MIGM and QRSAM orders may slip beyond March; management expects by Q1 FY27 at latest.
medium · management_commentaryApollo Micro Systems Limited — Q2 FY26
Apollo Micro Systems delivered a stellar Q2 FY26 with revenue of ₹225 crore, up 69% QoQ, and PAT of ₹30 crore, up 70% QoQ, driven by robust order book execution and transition o...
bullish
high
Financial stats pending filing verification
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
IDL integration and capex
IDL is currently loss-making; significant overhaul and capex needed, timeline uncertain.
medium · analyst_questionForeign OEM competition
Government may allow 100% foreign subsidiaries as Indian vendors, potentially increasing competition.
low · analyst_questionWorking capital pressure
Receivables at ₹360 crore (close to Q1+Q2 revenue); management expects reduction by year-end.
medium · data_observation