Apollo Micro Systems Entered Into a Consortium Pact with Redon Systems

Apollo Micro Systems Ltd., established in 1985 and headquartered in Hyderabad, stands as a distinguished leader in the design, development, and assembly of bespoke electronic and electro-mechanical solutions.

Consortium Agreement with Redon Systems Pvt Ltd

In a strategic move to bolster India’s defence manufacturing capabilities, Apollo Micro Systems has forged a landmark consortium agreement with Redon Systems Pvt Ltd. This collaboration aims to spearhead the production of state-of-the-art loitering munition systems and allied technologies, reinforcing India’s ambition towards self-reliance in defence technologies.

Pioneering Defence Consortium

The alliance between Apollo Micro Systems and Redon Systems Pvt Ltd will harness their combined expertise to jointly develop and manufacture advanced Containerised Automatic Landing Module systems. Redon Systems, renowned for its cutting-edge loitering munition technology, has successfully showcased its products to the Indian Armed Forces, cementing its reputation as a trusted partner in defence innovation.

This strategic partnership is set to significantly elevate Apollo Micro Systems’ prominence within the defence sector, positioning the company as a pivotal player in fulfilling India’s critical defence manufacturing requirements.

Impressive Financial Performance

Apollo Micro Systems delivered outstanding Q2 FY25 results, with revenue surging 85% to ₹206 crore and net profit soaring 105% to ₹21 crore compared to ₹10.2 crore in Q2 FY24. Backed by a robust order book of ₹1,375 crore and strong demand for defence and aerospace solutions, the company remains confident of exceeding its 45% revenue growth target for FY25.

Apollo Micro Systems Ltd: Share Price and Market Performance

On 6 February 2025, Apollo Micro Systems Ltd. commenced trading at ₹130.70, marking a 1.98% rise from its prior closing price of ₹128.20. The stock demonstrated impressive momentum, surging to an intraday high of ₹134.90, a notable gain of 5.24%, while touching a low of ₹129.20.By 12:49 PM, the share was trading at ₹130.92, reflecting a 2.15% increase, reinforcing investor confidence. With a commanding market capitalisation of ₹4,015.01 crore.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.