Order Wins & Contracts
Apollo Micro Systems Secures ₹1,343.45 Million Defence Orders; Subsidiary Bags Additional ₹552.20 Million Executable Contract
NSE
apollo
BSE
540879
Apollo Micro Systems Limited has announced fresh business orders worth ₹1,343.45 million from DRDO, the Indian Navy, Defence PSUs, State Governments and private industries. Additionally, its step-down subsidiary, IDL Explosives Limited, has secured executable orders worth ₹552.20 million over the next two years.
PRICE-SENSITIVE TRIGGER
Event: Receipt of new defence and industrial business orders.
Type: Order Wins & Contracts
Impact: Positive
Immediate Effect: The order inflow strengthens Apollo Micro Systems’ order book and enhances revenue visibility across defence and government segments, while its subsidiary also secures additional executable work over a two-year period.
Metrics:
Key Metrics:
- Apollo Micro Systems Order Value: ₹1,343.45 million
- Order Sources: DRDO, Indian Navy, Defence PSUs, State Governments and Private Industries
- IDL Explosives Executable Orders: ₹552.20 million
- Execution Period (Subsidiary): Two years
Highlight:
- Total Announced Business Wins: Apollo Micro Systems secured ₹1,343.45 million in fresh orders, while its subsidiary added ₹552.20 million of executable work.
What Happened ?
Apollo Micro Systems Limited informed stock exchanges that it has received business orders worth ₹1,343.45 millionduring the ordinary course of business.
The orders have been awarded by key defence and government customers, including DRDO, the Indian Navy, Defence PSUs, State Governments, along with private sector industries. Separately, IDL Explosives Limited, a step-down subsidiary of the company, has secured executable orders worth ₹552.20 million, to be executed over a period of two years.
key details
Order Details
- Apollo Micro Systems secured fresh orders worth ₹1,343.45 million.
- Customers include:
- Defence Research and Development Organisation (DRDO)
- Indian Navy
- Defence Public Sector Undertakings (PSUs)
- State Government agencies
- Private industries
- The company stated that the orders were received during the normal course of business.
- IDL Explosives Limited, a step-down subsidiary, secured executable orders worth ₹552.20 million.
- The subsidiary’s contract is scheduled to be executed over two years.
- The announcement was issued as a business update for shareholders.
Note:
- The company has not disclosed a detailed project-wise order breakup, execution milestones, product categories or customer-specific allocations.
Risk Analysis
Summary:
- The announcement confirms fresh order inflows but provides limited information regarding execution schedules, project margins or profitability.
Key Risks:
- No detailed customer-wise order allocation has been disclosed.
- Revenue recognition will depend on project execution.
- Margin profile of the awarded contracts has not been disclosed.
- Delay in execution or customer acceptance could impact revenue timing.
Worst Case:
- Execution delays, project modifications or slower-than-expected deliveries could postpone revenue recognition from these contracts.
Risk Level: Medium
Company Commentary
- Apollo Micro Systems has been awarded business orders worth ₹1,343.45 million from defence, government and private sector customers.
- IDL Explosives Limited has secured executable work worth ₹552.20 million over a two-year period.
- The update has been shared for the information of shareholders.
Official Exchange Filing: Apollo Micro Systems Limited
