Apollo Micro Systems Shares Surge 8% After Q2 Profit Jump
· Business · LiveMint, Economic Times
Apollo Micro Systems shares rose 8.5% on Tuesday following a strong second-quarter performance, with net profit climbing 55.6% year-on-year to ₹48.4 crore. Revenue for the defence electronics company grew 72.2% to ₹388 crore, marking its highest-ever revenue for a September quarter. The company's order book reached a record ₹1,765 crore, and the stock has gained nearly 60% so far in 2026. Managing Director Baddam Karunakar Reddy stated that the company plans to accelerate execution and expand its presence in land, air, and sea defence domains.
Why it matters
The record order book and profit growth reflect strong momentum for the defence electronics sector, impacting investor sentiment for the company's stock.
Read the original report — LiveMint
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