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The company has bagged orders worth Rs 174.78 crore from the Ministry of Defence. It has received contracts worth Rs 95.28 crore from public sector defence undertakings. The remaining orders worth Rs 240.18 crore are from private companies.
Apollo Micro Systems is a defence technology firm engaged in the design, development and manufacturing of electronic systems and subsystems for the defence sector.
On a consolidated basis, the company’s net profit surged 40.64% to Rs 25.68 crore on a 70% jump in net sales to Rs 252.22 crore in Q3 FY26 over Q3 FY25.
Apollo Micro Systems has been granted a License by the Government of India, Ministry of Commerce and Industry, Department for Promotion of Industry and Internal Trade (DPIIT), for the manufacture of ammunitions.
The License authorises Apollo Micro Systems to manufacture, assemble, integrate, and proof-test the following high-value strategic weapon systems and munitions. For the following category and system the License has been granted:
1. Arms of Caliber Above 12.7mm (Category I) - Manufacturing of Missiles, Anti-Tank Guided Missiles (ATGMs), Torpedoes, Underwater Mines, Safety Arming Mechanism, Chaffs, Flares and Decoys.
2. Arms of Caliber Above 12.7mm (Category II) - Manufacturing of Aerial Bombs, Rockets, Loitering Munition.
The approval has lifetime validity and marks a significant shift in the company’s business model. Apollo Micro Systems will now move from being a provider of embedded systems and subsystems to an end-to-end platform manufacturer of complete weapon systems.
Manufacturing and testing will be carried out at the company’s facilities in Hyderabad. The development is expected to strengthen its positioning in India’s defence ecosystem and support its long-term growth strategy.
Apollo Micro Systems has successfully completed blast trials for Limpet mines. These Limpet Mines are diver carried mines used in Naval Defence.
'We are the only Indian Company who has successfully developed this product for Indian Navy. This is a remarkable milestone for the company positioning it to be a provider of complete spectrum of underwater Mines right from Shallow waters, Deep Waters and Limpet Mine Categories building its strengths in underwater Electronic Warfare systems,' said the company.
ITI Ltd, Apollo Micro Systems Ltd, Sterlite Technologies Ltd and HFCL Ltd are among the other gainers in the BSE's 'A' group today, 09 April 2026.
Ola Electric Mobility Ltd soared 16.11% to Rs 35.17 at 11:44 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 263.15 lakh shares were traded on the counter so far as against the average daily volumes of 88.9 lakh shares in the past one month.
ITI Ltd surged 12.35% to Rs 299.7. The stock was the second biggest gainer in 'A' group. On the BSE, 11.65 lakh shares were traded on the counter so far as against the average daily volumes of 6.86 lakh shares in the past one month.
Apollo Micro Systems Ltd spiked 11.90% to Rs 232.7. The stock was the third biggest gainer in 'A' group. On the BSE, 5.77 lakh shares were traded on the counter so far as against the average daily volumes of 3.9 lakh shares in the past one month.
Sterlite Technologies Ltd jumped 8.82% to Rs 218.3. The stock was the fourth biggest gainer in 'A' group. On the BSE, 6.67 lakh shares were traded on the counter so far as against the average daily volumes of 4.97 lakh shares in the past one month.
HFCL Ltd rose 7.20% to Rs 80.6. The stock was the fifth biggest gainer in 'A' group. On the BSE, 23.29 lakh shares were traded on the counter so far as against the average daily volumes of 13.31 lakh shares in the past one month.
The company announced it is the only Indian firm to have developed this product for the Indian Navy, marking a significant milestone.
The development positions Apollo Micro Systems as a provider of a complete spectrum of underwater mines, including shallow-water, deep-water, and limpet mine categories, strengthening its capabilities in underwater electronic warfare systems.
Apollo Micro Systems, a pioneer in defence technology, specializes in the design, development, and manufacture of advanced electronic, electromechanical, and engineering systems.
Apollo Micro Systems has received significant orders from defence and government entities as well as private sector companies aggregating to Rs 73.32 crore.
The orders include critical Homing systems for Heavy Weight Torpedoes, Fire Control Systems, Launchers for Strategic Missile Programmes, other Avionic LRU's for Missile and other Platforms, Cyber Security Systems for Intelligence Department.
The scope of work covers critical homing systems for heavyweight torpedoes, fire control systems, launchers for strategic missile programs, avionic LRUs for missiles and other platforms, and cybersecurity systems for intelligence departments.
The company’s consolidated net profit surged 25.4% to Rs 22.88 crore on a 70% jump in net sales to Rs 252.22 crore in Q3 FY26 over Q3 FY25.
Shares of Apollo Micro Systems rose 0.51% to Rs 215.25 on the BSE.
Safari Industries (India) Ltd, Easy Trip Planners Ltd, Birla Corporation Ltd and KRN Heat Exchanger and Refrigeration Ltd are among the other losers in the BSE's 'A' group today, 02 March 2026.
Apollo Micro Systems Ltd lost 9.84% to Rs 214.5 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 7.43 lakh shares were traded on the counter so far as against the average daily volumes of 1.51 lakh shares in the past one month.
Safari Industries (India) Ltd tumbled 7.51% to Rs 1716. The stock was the second biggest loser in 'A' group.On the BSE, 6198 shares were traded on the counter so far as against the average daily volumes of 4322 shares in the past one month.
Easy Trip Planners Ltd crashed 7.19% to Rs 8. The stock was the third biggest loser in 'A' group.On the BSE, 24.72 lakh shares were traded on the counter so far as against the average daily volumes of 60.88 lakh shares in the past one month.
Birla Corporation Ltd corrected 6.81% to Rs 933. The stock was the fourth biggest loser in 'A' group.On the BSE, 12093 shares were traded on the counter so far as against the average daily volumes of 5170 shares in the past one month.
KRN Heat Exchanger and Refrigeration Ltd dropped 6.78% to Rs 930.05. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.4 lakh shares were traded on the counter so far as against the average daily volumes of 2.73 lakh shares in the past one month.