For Q2FY27, Apollo Micro Systems reported record performance across all key metrics. Its consolidated profit grew by 54 per cent Y-o-Y to ₹46 crore, while revenue surged by 72 per cent to ₹388 crore.
Apollo Micro, MTAR Tech, Sigma Advanced, Paras Defence, Astra Microwave, Zen Technologies, BEML, MIDHANI, Solar Industries and Data Patterns were down in the range of 4 per cent to 6 per cent.
Analysts believe private sector companies particularly have visible growth prospects north of 20% backed by government focus on domestic manufacturing and building the private sector supply chain.
Analysts said that defence sector's long-term outlook remains constructive, supported by robust order books that provide multi-year revenue visibility.
Apollo Micro shares gained 5 per cent after approval was granted to the company to acquire 41.3 per cent stake in Premier Explosives.
Since April, the Nifty India Defence index has zoomed 33 per cent, as against 8 per cent rally in the Nifty 50.
Despite a 3.6% dip in the past two trading days, the Nifty India Defence index has outperformed the market soaring 22% since April 2026.
With record order book of ₹21,200 crore, favourable industry tailwinds, and continued focus on high-value products and global markets, HFCL remains confident of sustaining this growth momentum.
Share price of Apollo Micro Systems hit a new high of ₹368.70, rallied 25 per cent in the past three trading days on the BSE.
Investor sentiment was further supported by the company's announcement of a final dividend of Re 0.25 per equity share of face value ₹1 each for FY26