Apollo Micro Systems Reports Stellar Profit Surge Amid Growth
Apollo Micro Systems Ltd (AMSL) has doubled its consolidated net profit to Rs 17.68 crore in the June quarter, driven by increased income. The company's revenue rose by 46.49%, reaching Rs 134.45 crore. Recently, AMSL completed a preferential allotment, netting over Rs 416 crore, bolstering its financial standing.

- Country:
- India
Apollo Micro Systems Ltd (AMSL) witnessed a remarkable increase in its consolidated net profit for the June quarter, doubling to Rs 17.68 crore. This growth was primarily fueled by higher total income.
In comparison, the company achieved a profit after tax of Rs 8.42 crore during the same quarter in the previous fiscal year. Their revenue saw a significant jump of 46.49%, reaching Rs 134.45 crore, up from Rs 91.78 crore the previous year.
A recent financial development for AMSL was the successful completion of their preferential allotment of equity shares and convertible warrants, amounting to more than Rs 416 crore. The Hyderabad-based company continues to provide technology-driven solutions across various sectors, including infrastructure, transportation, aerospace, and defense.
(With inputs from agencies.)