Apollo Micro Systems Ltd witnessed a remarkable 15% surge in its share price, reaching a new 52-week high. This significant uptick followed the company’s announcement of securing an export order valued at approximately ₹113.81 crore ($13.37 million) for the development of advanced avionics systems intended for both civil and military aircraft applications

The Hyderabad-based defence electronics firm disclosed that the export order pertains to the development of sophisticated avionics systems. Due to the sensitive nature of the project, specific technical details remain confidential under a Non-Disclosure Agreement (NDA).

Following the announcement, Apollo Micro Systems’ stock opened at ₹157.15, up from the previous close of ₹155.80, and soared to an intraday high of ₹179. The stock has demonstrated robust performance, rallying over 46% in May alone, reflecting growing investor confidence in the defence sector

Financial Performance

In the fiscal year 2024-25, Apollo Micro Systems reported its highest-ever revenue and profit after tax (PAT). The company’s revenue grew by 51.24% year-on-year to ₹562.07 crore, while net profit increased by 81.18%. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹132 crore, marking a 54% rise with a healthy margin of 23.5%.

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Strategic Developments

In addition to the export order, Apollo Micro Systems recently acquired a 100% stake in IDL Explosives Ltd for ₹107 crore. This acquisition is part of the company’s strategy to expand its capabilities in the defence sector .

Conclusion

Apollo Micro Systems’ recent achievements underscore its growing prominence in the defence electronics industry. The substantial export order and strategic acquisitions position the company for continued growth and reinforce its commitment to advancing indigenous defence technologies.

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Disclaimer: This article is based on publicly available information, and is intended for informational purposes only. Investors are advised to conduct their own research before making investment decisions.