Apollo Micro Systems has registered standalone revenue of ₹1.62 billion, crossing a milestone on its path as a prominent defence solutions company. The achievement marks the company's strong growth trajectory, backed by domestic and overseas expansion strategies.
Key Highlights:
Revenue Growth: The standalone revenue figure indicates Apollo Micro's strength in seizing growth opportunities in the defence industry based on innovative solutions and strategic partnerships.
Year-on-Year Performance: The year-on-year performance of the company has been robust, with a significant rise in net profit and overall income. This trend is likely to be sustained as Apollo Micro Systems targets a 40-45% annual growth rate.
Strategic Partnerships: Recent tie-ups, like the tie-up with GRSE to create underwater weapons and communication systems, reflect the company's focus on state-of-the-art technology and co-production efforts.
Future Plans: Apollo Micro Systems has made aggressive plans to double its revenues in the near term, targeting a revenue of ₹2,500 crore by December 2025. The vision is being backed by a robust order book and growing global footprint.
The growth path puts Apollo Micro Systems firmly in the forefront of India's defence space, with innovation and strategic expansion at the centre.
Source: Moneycontrol, NDTV Profit, Equitymaster.