Apollo Micro Systems shares rally 9% as Q2 net profit jumps 56% YoY
Apollo Micro Systems has reported an impressive rise in Q2 earnings, with net profit soaring by 56% compared to last year. Revenues spiked 72%, hitting a milestone of Rs 388 crore for the September quarter. The notable increase in EBITDA showcases solid operational efficiency in the defence sector. The company is dedicated to enhancing its capabilities and expanding into global markets,…
Apollo Micro Systems' shares surged nearly 9% on Monday, reaching a day high of Rs 410 on the NSE after the company reported impressive Q2 earnings. The company's net profit jumped 56% year-on-year to Rs 48.4 crore, while revenue from operations increased by 72.2% to Rs 388 crore. The EBITDA grew by 87.6% to Rs 111 crore, and the profit after tax (PAT) rose nearly 54% to Rs 46 crore.
Apollo Micro Systems' total order book reached an all-time high of Rs 1,765 crore, and the profit after tax margin expanded by 15%. The company's Managing Director, Baddam Karunakar Reddy, attributed the strong performance to their focus on key priorities and commitment to the defense sector. The company's Vision 2036 aims to grow as a Global Original Equipment Manufacturer over the next ten years.
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