The Daily PulseTrending
Apollo Micro Systems Q2 net profit jumps 56 percent as revenue hits milestone
Reported by Manish Reddy (Senior Writer) · The Economic Times ·
Confirmed by a second source: Kalkine India
Photo: Wikimedia CommonsApollo Micro Systems shares rose 9 percent after the company posted a 56 percent jump in net profit compared to last year for the second quarter.
Earnings Growth
Revenues jumped 72 percent to reach 388 crore rupees for the September quarter. An increase in EBITDA points to strong work efficiency in the defence sector.
Context
Defence technology firms often see earnings grow as demand for advanced systems rises. Companies in this sector typically focus on upgrading tech capabilities to win bigger orders.
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