Bharat Coking Coal shares rally 5% after Q2 profit turnaround; revenue jumps 39% YoY
Bharat Coking Coal shares sharply on Monday after the Coal India subsidiary reported a turnaround to profit in Q2 FY27, with net profit at Rs 123.7 crore and revenue up 39% year-on-year to Rs 4,412.58 crore. However, first-half production declined, while technical indicators pointed to continued weakness in the stock.
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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- Apollo Micro Systems shares rally 9% as Q2 net profit jumps 56% YoY economictimes.indiatimes.com
