Apollo Micro Systems Limited has introduced the January-March quarter outcomes for the monetary year 2022-23. The stock of the aerospace and defence firm was just lately in focus as it was sub-divided in the ten:1 ratio. It has yielded a multi-bagger return to its buyers.
According to an alternate submitting, the corporate’s web revenue in the monetary year 2022-23 elevated to Rs 19 crore from Rs 14.6 crore in the final monetary year.
Apollo Micro Systems is a Hyderabad-based small-cap firm. It has a market cap of Rs 732 crore. Earlier in May, the corporate had sub-divided the face worth of fairness shares from Rs 10 to Re 1 to improve liquidity. It implies that every share of the corporate with a face worth of Rs 10 was divided into 10 fairness shares with a face worth of Re 1 every.
Its income from operations in the quarter fell to Rs 106.8 crore from Rs 105 crore reported in the identical interval of final monetary year. The revenue after tax elevated to Rs 7.53 crore quarter-on-quarter foundation from Rs 6.6 crore. The firm had reported a revenue of Rs 7.8 crore in the identical quarter of the monetary year 2022. The fall in revenue year-on-year foundation was due to an increase in present tax.
The firm has a complete asset of Rs 693 crore as on March 31, 2013, in accordance to the submitting.
Shares of Apollo Micro Systems have yielded multi-bagger returns to its buyers. The stock has rallied 30 per cent in the final six months. It has additionally risen 201 per cent in the final 12 months.
Incorporated in 1985, Apollo Micro Systems is the pioneer in the design, improvement, meeting and testing of digital and electro-mechanical options. It caters to aerospace, defence and area, railways and automotive sectors.
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