Apollo Micro Systems Q3 results: Net profit grows to Rs 10 crore

Apollo Micro Systems Ltd (AMSL) - which offers technology-based solutions in sectors like infrastructure, transportation and aerospace - has reported around a 35 per cent rise in its net profit at Rs 10 crore in the December quarter of the current fiscal.

It had posted a net profit of Rs 6.60 crore during the third quarter of FY24, the company said in a BSE filing on Saturday.

The company's total income rose to Rs 91.84 crore from Rs 82.69 crore year on year. Its expenses were at Rs 77.46 crore during the quarter as against Rs 71.73 crore in the third quarter of last fiscal.

According to the Hyderabad-based AMSL, the consolidated financial results represent the financial results of Apollo Micro Systems (the Company”) and its subsidiaries Ananya SIP RF Technologies Private Limited and Apollo Defence Industries Private Limited. 

The company, in an exchange filing, also said that it has incorporated a new subsidiary Apollo Defence Industries Private Limited on 21 September 2023 and holds 76 per cent control in the subsidiary. The new subsidiary was considered for consolidation of the quarter and the period ended 31 December 2023. 

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