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The Economic Times

Business

Ritesh Presswala

Apollo Micro Systems shares rally 7% after Q4 profit surges 163% YoY

Apollo Micro Systems

Shares of defence stock Apollo Micro Systems surged over 7% to Rs 334.55 in Tuesday’s trade after the company posted a robust Q4 performance, driven by sharp growth in profit, revenue, and a strong order pipeline.

The company reported a massive 163% jump in consolidated net profit for the March quarter at Rs 36.8 crore, compared with Rs 14 crore in the same quarter last year. Revenue from operations soared 81% year-on-year to Rs 293.3 crore from Rs 161.8 crore.

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