Apollo Micro Systems Q2 net profit nearly doubles, revenue up 40%

Apollo Micro Systems Ltd reported a strong performance in the July–September quarter, with net profit surging 98.15% year-on-year to ₹31.11 crore, compared to ₹15.7 crore in the same period last year.The company’s revenue grew 40.2% to ₹225.3 crore, while EBITDA rose 82.7% to ₹59.59 crore, driving margins higher to 26.45% from 20.29% last year.

Earlier, in a separate development, the company announced that it had secured cumulative orders on October 29 worth ₹18.43 crore from the Defence Research and Development Organisation (DRDO), various defence public sector undertakings, and private firms.

On October 16, Apollo Micro Systems was declared the lowest bidder (L1) by DRDO for contracts worth ₹4.3 crore, and by defence public sector undertakings for projects worth ₹34.97 crore, bringing the total L1 value to ₹39.27 crore.Also, the company has been approved for the Transfer of Technology (ToT) of the Mechatronic Fuze for Grenade by DRDO — a significant step in strengthening its indigenous defence manufacturing capabilities.

Shares of Apollo Micro Systems Ltd ended lower on Tuesday, November 4, by 0.49% at ₹276.90 on the NSE.

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