Indian equity markets witnessed a sharp rally during the morning session on the first trading day of the week, with the benchmark Nifty 50 rising 1.14% to 23,989.25.
Defence and aerospace stocks recorded b buying interest on Monday, with shares of Apollo Micro Systems posting a sharp gain during the trading session. The stock rose nearly 12% and touched a new high amid continued investor interest and improved financial performance.
During trade, shares of Apollo Micro Systems gained 11.48% to around Rs 395.80. The stock also touched a new 52-week high of Rs 400 during the session. Over the past year, the stock has recorded a sharp recovery, while its 52-week low stood at around Rs 135.50.
The company’s order portfolio and rising demand in the defence sector have supported investor interest. Apollo Micro Systems has an order book of around Rs 1,432 crore. The government’s Atmanirbhar Bharat policy and focus on domestic production in the defence sector have resulted in new orders for companies in the segment.
In the fourth quarter of FY26, the company reported operational revenue of Rs 293.26 crore, compared with Rs 161.77 crore in the previous year, reflecting growth of 81%.
Total income stood at Rs 296.45 crore.
Profit before tax (PBT) increased approximately 149% to Rs 54.79 crore.
Net profit rose 163% to Rs 36.79 crore.
For the full financial year FY26, the company reported total revenue of Rs 904.32 crore, compared with Rs 562.07 crore in FY25.
Total income stood at Rs 910.60 crore.
PBT increased 87% to Rs 154.80 crore.
Net profit rose 91% to Rs 107.38 crore.
The board of the company has recommended a final dividend of Rs 0.25 per share with a face value of Rs 1 for FY26. The proposal remains subject to shareholder approval at the upcoming annual general meeting (AGM).
