Apollo Micro Systems Limited has declared its January-March quarter results for the financial year 2022-23. The aerospace and defense company’s stock was in focus recently because it was subdivided in the 10:1 ratio. It has given multi-bagger returns to its investors.
According to the exchange filing, the company’s net profit in FY2022-23 is expected to increase to Rs 19 crore from Rs 14.6 crore in the previous financial year.
Apollo Micro Systems is a small-cap company based out of Hyderabad. Its market cap is Rs 732 crore. Earlier in May, the company sub-divided the face value of equity shares from Rs 10 to Re 1 to enhance liquidity. This means that each share of the company with a face value of Rs 10 was divided into 10 equity shares of face value of Rs 1 each.
Its revenue from operations in the quarter declined to Rs 106.8 crore from Rs 105 crore reported in the same period last fiscal. Profit after tax increased to Rs.7.53 crore on a quarter-on-quarter basis from Rs.6.6 crore. The company had reported a profit of Rs 7.8 crore in the same quarter of FY2022. The decline in profit on a year-on-year basis was due to an increase in current tax.
As per the filing, the company had total assets of Rs 693 crore as on March 31, 2013.
Shares of Apollo Micro Systems have given multi-bagger returns to its investors. The stock has gained 30 per cent in the last six months. This too has grown by 201 per cent in the last 12 months.
Incorporated in 1985, Apollo Micro Systems 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.
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