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Apollo Systems Surges on Mega Defence Deal Buzz
29 Jun
Summary
- Apollo Micro Systems shares rose 7% on potential BEL defence order.
- BEL may secure a ₹30,000 crore order for the QRSAM programme.
- Apollo Systems supplies critical electronic subsystems for defence platforms.
Apollo Micro Systems' stock experienced a notable 7% surge, reaching ₹411.70 per share, driven by news of a potential ₹30,000 crore Quick Reaction Surface-to-Air Missile (QRSAM) order for Bharat Electronics Ltd (BEL). This significant defence contract is part of India's ongoing efforts to modernize its air defence capabilities, specifically enhancing short-range threat detection and destruction.
As a crucial supplier of electronic subsystems, including the Integrated Avionic Unit, Apollo Micro Systems is positioned to gain indirectly from BEL's anticipated order. The company reported strong financial performance, with revenues increasing by 81% to ₹293 crores and net profit rising to ₹37 crores in Q4FY26. As of March 31, 2026, Apollo Micro Systems maintained an order book of ₹1,432 crores, further bolstered by a recent ₹421 crore order from Coal India.
Founded in 1985 and headquartered in Hyderabad, Apollo Micro Systems specializes in mission-critical electronic and electromechanical solutions for defence, space, and homeland security. The company's diverse portfolio spans missiles, drones, and advanced weaponry, showcasing its multi-domain capabilities in modern warfare technologies.
