Shares of Telangana-based Apollo Micro Programs gained 4% on Thursday, 21 August, after the corporate introduced it had emerged because the lowest bidder for orders price Rs 25.1 crore from DRDO.
In its regulatory submitting, the corporate mentioned that they’ve emerged because the lowest bidder (L1) from the Defence Analysis and Growth Organisation (DRDO) and the defence public sector undertakings. The corporate didn’t disclose particulars in regards to the contract’s scope or timeline in its inventory alternate submitting.
In Could 2025, Apollo Micro Programs acquired a 100% stake in IDL Explosives Ltd for Rs 107 crore in an all-cash deal. IDL Explosives, previously a subsidiary of GOCL Corp Ltd, manufactures and provides packaged and bulk explosives for mining and infrastructure tasks. It posted Rs 623 crore income in FY24.
For the June 2025 quarter, Apollo Micro Programs reported a 46% income soar to Rs 133.5 crore from Rs 91.2 crore a 12 months earlier. Revenue after tax greater than doubled to Rs 17.6 crore from Rs 8.4 crore in Q1 FY25. The corporate mentioned this marked its strongest first-quarter efficiency, fueled by environment friendly order execution and the seamless ramp-up of a number of high-value techniques into manufacturing.
Trying forward, administration projected 45%-50% CAGR income development over the following two years, pushed by its core enterprise and excluding contributions from the IDL Explosives acquisition.
At 3:30 pm, the shares of Apollo Micro Programs closed 1.05% increased at Rs 204.95 on NSE.
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