India's Apollo Micro hits record high after getting export order

Apollo Micro Systems

29/05/2025 08:15

** Engineering firm Apollo Micro Systems APLL.NS gains as much as 9.3% to a record high of 193.74 rupees

** Stock set for best weekly performance since early-January, rising 27% so far

** Stock up ~51% so far in May, on track for biggest monthly gain in nearly 2 years

** Co said on Wednesday it got export order worth 1.13 billion rupees for development of aircraft electronic systems

** Earlier this month, APLL reported 8% rise in Q4 consol net profit; EBITDA margins expanded to 22% from 21% a year ago

** APLL expects revenue growth at 45%-50% CAGR over next 2 years, operating margins to improve in H1FY26

** Stock has gained 64% YTD

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))