“We are pleased to announce that the Company has been awarded projects totaling INR 43.98 crores,” Apollo Micro Systems said in a statement. Apollo Micro Systems specialises in the design, development, and assembly of custom electronics and electromechanical solutions. The company serves the markets of aerospace, defence and space, railways, automotive, and homeland security.
On a consolidated basis, Apollo Micro Systems’ net profit increased 19.64% to Rs 3.29 crore in Q2 September 2022 over Q2 September 2021, while net sales increased 13.42% to Rs 52.06 crore. On February 10, 2023, the company’s board of directors will review the third quarter results. Apollo Micro Systems’ stock hit a 5% high on Tuesday, closing at Rs 314.25 per share.