Apollo Micro, MTAR and 3 Other Defence Stocks With Revenue Growth of Up to 605% in Q4

Synopsis: IdeaForge Technology, Apollo Micro Systems, MTAR Technologies, Paras Defence and Space Technologies and CFF Fluid Control posted revenue growth of up to 605% in the March quarter amid strong defence demand. 

India’s defence sector continued to show strong momentum in the March quarter, with several defence-related stocks reporting impressive revenue growth of up to 605 percent year-on-year. Rising government focus on indigenous manufacturing, higher defence spending, and strong order inflows supported the sharp growth in financial performance. These companies also benefited from increasing demand for advanced defence equipment, drones, and military technologies, attracting strong investor interest in the sector. Here are a few Defence stocks with Revenue Growth of up to 605% in the March Quarter

Ideaforge Technology Limited

With a market capitalization of Rs. 3,655.84 crore, the shares of Ideaforge Technology Limited were currently trading at Rs. 842.60 per equity share, down nearly 1.39 percent from its previous day’s close price of Rs. 854.45.

IdeaForge Technology Limited is an Indian public company specializing in the design and manufacture of unmanned aerial vehicles (UAVs) and drone systems. Founded in 2007 and headquartered in Navi Mumbai, Maharashtra, it is recognized as a leading player in India’s defence and commercial drone market, serving security, surveillance, and industrial clients.

Coming into the quarterly results of Ideaforge Technology Limited, the company’s consolidated revenue from operations increased by 605 percent YOY, from Rs. 20 crore in Q4 FY25 to Rs. 141 crore in Q4 FY26, and grew by 340.63 percent QoQ from Rs. 32 crore in Q3 FY26.

In Q4 FY26, Ideaforge Technology Limited’s consolidated net profit has shifted from negative to positive, reaching a net profit of Rs. 60 crore compared to a net loss of Rs. 26 crore during the same period last year. Additionally, compared to Q3 FY26, the net profit improved significantly from a loss of Rs. 34 crore.

Apollo Micro Systems Limited

With a market capitalization of Rs. 14,927.68 crore, the shares of Apollo Micro Systems Limited were currently trading at Rs. 417.80 per equity share, rising nearly 1.38 percent from its previous day’s close price of Rs. 412.10.

Apollo Micro Systems Limited (AMS) is an Indian defence electronics and engineering company headquartered in Hyderabad, Telangana. Established in 1985, it designs, develops, and manufactures mission-critical electronic and electro-mechanical systems for aerospace, defence, space, and homeland security applications. The firm plays a strategic role in India’s self-reliance (Atmanirbhar Bharat) defence initiatives.

Coming into the quarterly results of Apollo Micro Systems Limited, the company’s consolidated revenue from operations increased by 80.86 percent YOY, from Rs. 162 crore in Q4 FY25 to Rs. 293 crore in Q4 FY26, and grew by 16.27 percent QoQ from Rs. 252 crore in Q3 FY26.

In Q4 FY26, Apollo Micro Systems Limited’s consolidated net profit increased by 164.29 percent YOY, reaching Rs. 37 crore compared to Rs. 14 crore during the same period last year. As compared to Q3 FY26, the net profit has increased by 60.87 percent, from Rs. 23 crore.

MTAR Technologies Limited

With a market capitalization of Rs. 24,259.78 crore, the shares of MTAR Technologies Limited were currently trading at Rs. 7,886.90 per equity share, rising nearly 0.15 percent from its previous day’s close price of Rs. 7,874.95.

MTAR Technologies Limited is an Indian precision engineering and manufacturing company headquartered in Hyderabad, Telangana. Founded in 1969, it specializes in high-precision machining and assembly for critical sectors such as space, nuclear, defence, and clean energy. The company is recognized for its contribution to national missions and global engineering programs.

Coming into the quarterly results of MTAR Technologies Limited, the company’s consolidated revenue from operations increased by 67.21 percent YOY, from Rs. 183 crore in Q4 FY25 to Rs. 306 crore in Q4 FY26, and grew by 10.07 percent QoQ from Rs. 278 crore in Q3 FY26.

In Q4 FY26, MTAR Technologies Limited’s consolidated net profit increased by 214.29 percent YOY, reaching Rs. 44 crore compared to Rs. 14 crore during the same period last year. As compared to Q3 FY26, the net profit has increased by 25.71 percent, from Rs. 35 crore.

Paras Defence and Space Technologies Limited

With a market capitalization of Rs. 6,849.12 crore, the shares of Paras Defence and Space Technologies Limited were currently trading at Rs. 849.90 per equity share, down nearly 0.88 percent from its previous day’s close price of Rs. 857.45.

Paras Defence and Space Technologies Limited is an Indian aerospace and defence engineering company headquartered in Navi Mumbai, Maharashtra. It designs, develops, and manufactures advanced technologies and systems for defence and space applications, serving both domestic and international markets.

Coming into the quarterly results of Paras Defence and Space Technologies Limited, the company’s consolidated revenue from operations increased by 58.33 percent YOY, from Rs. 108 crore in Q4 FY25 to Rs. 171 crore in Q4 FY26, and grew by 61.32 percent QoQ from Rs. 106 crore in Q3 FY26.

In Q4 FY26, Paras Defence and Space Technologies Limited’s consolidated net profit increased by 85.71 percent YOY, reaching Rs. 39 crore compared to Rs. 21 crore during the same period last year. As compared to Q3 FY26, the net profit has increased by 129.41 percent, from Rs. 17 crore.

CFF Fluid Control Limited

With a market capitalization of Rs. 1,514.85 crore, the shares of CFF Fluid Control Limited were currently trading at Rs. 722.25 per equity share, down nearly 1.33 percent from its previous day’s close price of Rs. 732.

CFF Fluid Control Limited is an Indian defence engineering and manufacturing company specializing in high-performance fluid control systems and mechanical equipment for naval and defence applications. It plays a strategic role in India’s indigenization of defence technologies, particularly in shipbuilding and submarine programs.

Coming into the half-yearly results of CFF Fluid Control Limited, the company’s consolidated revenue from operations increased by 59.09 percent YOY, from Rs. 66 crore in H2 FY25 to Rs. 105 crore in H2 FY26, and grew by 0.96 percent QoQ from Rs. 104 crore in H1 FY26.

In H2 FY26, CFF Fluid Control Limited’s consolidated net profit increased by 100 percent YOY, reaching Rs. 20 crore compared to Rs. 10 crore during the same period last year. As compared to H1 FY26, the net profit has increased by 5.26 percent, from Rs. 19 crore.

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