Shares of Telangana-based Apollo Micro Systems gained 4% on Thursday, 21 August, after the company announced it had emerged as the lowest bidder for orders worth Rs 25.1 crore from DRDO. 

In its regulatory filing, the company said that they have emerged as the lowest bidder (L1) from the Defence Research and Development Organisation (DRDO) and the defence public sector undertakings. The company did not disclose details about the contract’s scope or timeline in its stock exchange filing.

In May 2025, Apollo Micro Systems acquired a 100% stake in IDL Explosives Ltd for Rs 107 crore in an all-cash deal. IDL Explosives, formerly a subsidiary of GOCL Corp Ltd, manufactures and supplies packaged and bulk explosives for mining and infrastructure projects. It posted Rs 623 crore revenue in FY24.

For the June 2025 quarter, Apollo Micro Systems reported a 46% revenue jump to Rs 133.5 crore from Rs 91.2 crore a year earlier. Profit after tax more than doubled to Rs 17.6 crore from Rs 8.4 crore in Q1 FY25. The company said this marked its strongest first-quarter performance, fueled by efficient order execution and the seamless ramp-up of several high-value systems into production.

Looking ahead, management projected 45%-50% CAGR revenue growth over the next two years, driven by its core business and excluding contributions from the IDL Explosives acquisition.

At 3:30 pm, the shares of Apollo Micro Systems closed 1.05% higher at Rs 204.95 on NSE.

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