Defence firm Apollo Micro Systems reports 100% jump in Q2 net profit
The jump in the September 2023 quarter net profit was aided by higher income, the company said in a regulatory filing today.
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Aerospace and defence company Apollo Micro Systems has declared its quarterly result for the July to September period of the current financial year.
The company has said that its standalone net profit in the quarter that ended on September 30, 2023, doubled to Rs 7 crore. The company had clocked a net profit of Rs 3.28 crore during the year-ago period.
The jump in the September 2023 quarter net profit was aided by higher income, the company said in a regulatory filing today.
The total income of the company rose to Rs 87.57 crore over Rs 52.39 crore a year ago. Its expenses in the quarter was seen at Rs 78.68 crore.
Based out of Hyderabad, Apollo Micro Systems is an electronics, electromechanical, engineering design, manufacturing and supply company.
It is a small-cap company with a market capitalisation of Rs 3,059.81 crore. Its stock on Friday closed in green at Rs 116.79.
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