Apollo Micro Systems, a small-cap company with operations in the capital goods sector, has reported a jump in its profit after tax in the March 2023 period. It stood at ₹7.53 crore as against ₹6.6 crore in the third quarter. The company’s net profit in the same period a year ago was ₹7.8 crore.
The net sales of the company stood at ₹107 crore, down from ₹826 crore in the December quarter. It was ₹105.6 crore in the corresponding quarter of the previous financial year. The company which has a market cap of ₹730 crore, reported total expense of ₹94 crore in the quarter. EPS in the same quarter increased to ₹3.63 on a quarterly basis.
For the whole financial year, Apollo Micro Systems PAT increased from ₹14.6 crore in the financial year 2021-22 to ₹19 crore.
Shares of Hyderabad-based Apollo Micro Systems Limited on Monday ended on a positive note at ₹35.25 apiece on BSE. The stock has delivered multibagger returns of 173 per cent in the last one year.
Being a specialist in the design, development, and manufacturing of custom-built electronics and electro-mechanical systems, Apollo Micro Systems (AMS) was founded in 1985. AMS provides cutting-edge technology-based solutions for the railways, automotive, and homeland security industries in addition to its core customers in the aerospace, defence, and space industries.
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Updated: 29 May 2023, 10:22 PM IST