Newsletter
Apollo Micro Systems jumped nearly 9% into focus after reporting a sharp rise in Q4 earnings.
The numbers:
- Net profit jumped to ₹38 crore from ₹14 crore last year
- Revenue surged 81% YoY to ₹293 crore
- EBITDA margin improved to 23%
Bigger story: earlier this year, Apollo Micro received a major government licence with lifetime validity to manufacture advanced defence weapon systems and ammunition.
The approval allows the company to manufacture missiles, anti-tank guided missiles, torpedoes, rockets, aerial bombs, loitering munitions, and defence countermeasure systems.
All of this manufacturing and testing will happen at the company’s Hyderabad facilities, where Apollo plans to build around 1,000 units annually across categories.
The timing: India is aggressively pushing self-reliance in defence production and wants domestic defence manufacturing to touch ₹3 lakh crore by 2029.
As military spending rises and import dependence reduces, smaller specialised defence companies like Apollo Micro are now getting access to opportunities that were earlier dominated mainly by large PSUs and foreign defence giants.
