Apollo Micro Systems reported a growth of over 90 per cent in its net profit for the third quarter on a year-on-year basis. The company said through an exchange filing that its net profit for the December quarter stood at Rs 660.48 lakh as against Rs 338.33 lakh in the year-ago period.
Its revenue from operations in the quarter stood at Rs 8235.20 lakh.
About Apollo Micro Systems
Apollo Micro Systems is a smallcap company. It is a leader in the design, development, assembly and testing of electronic and electro-mechanical solutions. It caters to aerospace, defense and space, railways and automotive sectors.
The company is also involved in several indigenous missile programmes, surface-to-air missiles, underwater electronic warfare and nuclear missile programmes.
The company has recently bagged a defense order worth Rs 43 crore. “With reference to the subtitled subject and in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015, we are pleased to inform that the company has secured projects worth Rs 43.98 crore,” it said in a filing.
divested share of company
Meanwhile, the company’s board last month approved the split of its equity shares in the ratio of 10:1. This means that each share will be divided into 10 shares.
Apollo Micro Systems shares have given positive returns of 152 per cent in the last six months, resulting in wealth gain for investors. The scrip has a 52-week range of Rs 375.95 – 109.20.
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