Apollo Techno Industries reported a 53% decline in standalone net profit to Rs 5.32 crore for FY26 despite a modest rise in revenue. The company, which listed on the BSE SME platform in December 2025, cited significant margin pressure. Consolidated PAT stood at Rs 11.04 crore. Investors should note the recent CFO resignation and the board's decision to skip dividends to fund future growth.
Apollo Techno Industries FY26 Standalone Profit Declines
Standalone Net Profit: Rs 5.32 crore | Consolidated Net Profit: Rs 11.04 crore
Reader Takeaway: Growth in operations is being offset by rising expenses, leading to margin contraction despite new product expansion.
What just happened
Apollo Techno Industries Limited (ATIL) released its financial results for the fiscal year ended March 31, 2026. While standalone revenue grew by 4.52% to Rs 103.63 crore, standalone net profit dropped significantly by 52.82% to Rs 5.32 crore. The company's total expenses rose by 17.01%, heavily impacting the bottom line. Consolidated results, which include the subsidiary Apollo Techno Equipments Limited, reported a net profit of Rs 11.04 crore.
Why this matters
The divergence between revenue growth and profit contraction indicates significant pressure on operational margins. The board has opted not to declare a dividend for FY26, choosing instead to conserve capital for business expansion. The company’s transition to public markets following its December 2025 IPO on the BSE SME platform puts its financial management and disclosure under closer scrutiny.
The backstory
Following its successful IPO, which saw the issuance of 36.89 lakh equity shares, the company has focused on product diversification. In 2026, it launched the A100r HDD Rig specifically for European markets, alongside new hydraulic and soil investigation drilling rigs. However, these growth initiatives are unfolding alongside a leadership transition, as CFO Maulikkumar Rameshbhai Bhatt resigned on August 31, 2026.
Risks to watch
The primary risk remains the sharp rise in standalone expenses and subsequent margin erosion. Additionally, the company faces ongoing GST tax appeals for FY 2020-21 and 2022-23, as highlighted by statutory auditors. Shareholders should also track the stability of the finance department following the CFO's exit.
Context metrics
The company currently operates with regional branches in Chennai, Uttar Pradesh, Bhopal, and Kolkata, ensuring wide market reach for its drilling equipment portfolio.