With a market capitalization of Rs. 3,444 crores, the shares of the company started Tuesday’s trading session on a higher note at Rs. 115.24, locking a 5 percent upper circuit compared to its previous close of Rs. 109.76 apiece.
Looking at Apollo Micro Systems Ltd financial performance, the revenue magnified by 48 percent from Rs. 91 crores during the December quarter to Rs. 135 crores in the March quarter. In addition, the net profits zoomed by 30 percent from Rs. 10 crores to Rs. 13 crores during the same timeframe.
Comparing the same metrics on a YoY basis, the revenue increased by 26 percent from Rs. 107 crores during Q4FY23 to Rs. 135 crores in Q4FY24. On the other hand, the net profits surged by 135 percent from Rs. 7 crores to Rs. 13 crores during the same timeframe.
Recently, Apollo Micro Systems was shortlisted keeping in view their capability and was awarded the Make II project by the Indian Army.
This project is for the procurement of a Vehicle Mounted Counter Swarm Drone System (VMCSDS) (Version I) under the Make II category of DAP-2020. Further, the company stated that the systems developed out of it are ‘state of the art’ and highly futuristic in nature.
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According to the latest shareholding pattern, the company’s Promoters have raised their ownership from 53.21 percent in the March quarter to 55.12 percent in the June quarter, marking a 1.91 percent increase.
Concurrently, Foreign Institutional Investors (FIIs) have reduced their stake from 11.14 percent to 9.75 percent over the same period. Furthermore, Retail Investors have 35.15 percent of shares.
As per the latest data, Apollo Micro Systems had an unexecuted order book position of Rs. 344.88 crores. Furthermore, the company is anticipating healthy growth in the order book from recent orders released to various Defence PSUs and Private Defence Companies.
The company is expecting the revenue to grow by 25 percent in FY25 led by growth opportunities in Defence and the key interest of the Indian Government to enhance Defence production and capability of the domestic market.
In terms of key financial metrics, the company reported a return on equity of 6 percent and a return on capital employed of 13.17 percent for the period spanning FY23-24. Additionally, the net profit margin stood at 8.37 percent during the same timeframe.
Headquartered in Hyderabad, Apollo Micro Systems Limited is a leading Indian company that specializes in the design, development, assembly, and testing of high-performance electronic and electromechanical solutions for critical applications in the aerospace, defence, space, transportation, and homeland security markets.
Written By Vaibhav Patil
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