Apollo Micro Systems shares rise on signing MoU with IIT–Chennai, Indian Navy to advance indigenous defence technologies

The stock advanced 1.21% to ₹275.95 per unit on the National Stock Exchange (NSE) at 9:18 am.

In an exchange filing, the firm said that this unique tripartite collaboration leverages the core strengths of the Indian defence ecosystem, namely academic research, military domain expertise, and industrial manufacturing capacity. The agreement will focus on addressing problems through indigenous research and development (R&D).

Under the deal, IIT Chennai will serve as the research anchor, Apollo Micro Systems as the technology development and manufacturing partner, and the Indian Navy, which is being represented by the Directorate General of Naval Armament Inspection (DGNAI), will provide domain expertise and operational insights. DGNAI will also assist in testing the developed products.

Karunakar Reddy, the company's Managing Director, said, "This strategic understanding serves as a gateway to addressing some of the most critical problem statements of our Armed Forces in a comprehensive, three-front manner. The synergy between IIT-Chennai’s research excellence, our proven manufacturing capabilities, and DGNAI’s operational mandate creates a formidable ecosystem for indigenisation. Together, we are poised to deliver next-generation solutions that enhance national security and truly embody the spirit of ‘Make in India’ for the world."

Reddy also stressed that this collaborative model will ensure that new technologies are mission-relevant, rigorously tested, and deployment-ready for naval platforms, which will reduce dependence on foreign imports and strengthen India’s self-reliance in defence capabilities.

Apollo Micro Systems had posted a 98.15% increase in its consolidated net profit to ₹31.11 crore in the latest September quarter, compared to ₹15.7 crore in the same period of the previous fiscal year.

Its revenue from operations increased 40.17% to ₹225.26 crore in Q2 FY26 as against ₹160.7 crore a year back.