Apollo Micro Systems Q3 result: Net profit up 90%; stock to split 10:1

Aerospace and defense company Apollo Micro Systems has released its third quarter earnings. According to an exchange filing, the company reported more than 90 per cent jump in its net profit at Rs 660.48 lakh YoY. The same stood at Rs 338.33 lakh in the same quarter last fiscal.

The company's revenue from operations during the quarter under review was Rs 8235.20 lakh compared to Rs 6,459.22 lakh during a year ago period and Rs 5,205.85 lakh in the preceding quarter. The total expenses were Rs 7,173.54 lakh.

Shares of Apollo Micro Systems have yielded a multibagger return to its investors. The stock has delivered a whopping 151 per cent return in the past 6 months, thus outperforming the market. The counter has surged 172 per cent in the last one year.

The company recently bagged defence projects worth Rs 43.98 crore, it informed exchanges in a filing.

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"With reference to captioned subject and pursuant to regulation 30 of SEBI (LODR) Regulations, 2015, we are pleased to inform that Company has bagged projects, worth Rs 43.98 crore," the filing said.

Meanwhile, Apollo Micro Systems' board has approved the sub-division or split its equity shares in the ratio of 1:10. It means that each share of the company with a face value

Apollo Micro Systems is an electronics, electromechanical, engineering design, manufacturing and supply company. It is involved in designing, developing and selling high-performance, mission- and time-critical solutions for the government, private defence companies, space and homeland security. of Rs 10 will be divided in to 10 equity shares with a face value Re 1 each.