The shares of the smallcap company jumped 9 percent after the company’s net profit and revenue increased by 375 percent and 58 percent YoY, respectively in Q1FY25.
With a market capitalization of Rs 3,502 crore, the shares of Apollo Micro Systems Ltd were trading at Rs 114 per share, increasing around 3.32 percent as compared to the previous closing price of Rs 110.77 apiece.
Reason for Rise:-
The share of the company has seen positive movement after Apollo Micro Systems Ltd’s revenue decreased by 32 percent on a quarter-on-quarter basis from Rs. 135.44 crores in Q4FY24 to Rs.91.20 crores in Q1FY25. Further, revenue zoomed by 58 percent yearly from Rs 57.69 crores in Q1FY24 to Rs. 91.20 crores in Q1FY25.
Apollo Micro Systems Ltd’s net profit decreased by 34 percent on a quarter-on-quarter basis from Rs. 13.13 crores in Q4FY24 to Rs 8.61 in Q1FY25. Further, on a year-on-year basis, net profit jumped drastically by 375 percent from Rs 1.81 crores in Q1FY24 to Rs. 8.61 crores in Q1FY25.
FII Offload:-
Meanwhile, Nexpact, a foreign portfolio investor sold 16,00,000 equity shares representing a 0.52% stake in the company at an average price of Rs 111.95 per share. However, Nexpact holds 1.9 crore which is equivalent to 6.20 percent of Apollo Micro Systems Ltd, as of June 2024.
Manufacturing facility & footprint:-
As per the latest investor present, AMS operates a 55,000 sqft manufacturing facility, with two additional facilities of 40,000 sqft and 3,50,000 sqft under development. These expansions will significantly enhance the company’s manufacturing capabilities, supporting increased production and meeting growing demand.
As a sub-system partner, AMS participates in approximately 150 indigenous initiatives and 60 DcPP programs, with over 700 on-board innovations.
Company Profile:-
Apollo Micro Systems Limited is a major Indian firm that designs, develops, manufactures, and tests high-performance electronic and electromechanical systems for essential applications in aerospace, defense, space, transportation, and homeland security industries.
Written by:- Abhishek Singh
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