Apollo Micro Systems increased consolidated revenue by 72.3 per cent and net profit by 53.7 per cent in the quarter ended September 30. Operating revenue reached 388.15 crore rupees and profit was 46.15 crore rupees. The Indian company also recorded higher half-year earnings, while quarterly consolidated expenses rose from the previous year. A crore equals 10 million rupees.
Apollo Micro Systems, a defence company, increased consolidated revenue from operations to 388.15 crore rupees in the quarter ended September 30, up 72.3 per cent from a year earlier. Consolidated profit after tax rose 53.7 per cent to 46.15 crore rupees. Revenue therefore grew faster than net profit over the same annual comparison.[1], [2]
Total consolidated income, including income outside operations, reached 391.69 crore rupees, compared with 226.57 crore a year earlier. Expenses increased from 183.42 crore to 299.21 crore rupees. Basic earnings per share rose to 1.32 rupees from 0.96 rupees, while diluted earnings per share increased to 1.32 rupees from 0.91 rupees.[1]
For the six months ended September 30, profit after tax was 71.37 crore rupees, up 49.6 per cent from 47.71 crore rupees. Operating revenue increased from 358.85 crore to 639.44 crore rupees. Directors approved the results on October 24 after audit-committee review. The consolidation includes Ananya SIP RF Technologies and Apollo Defence Industries, subsidiaries in which Apollo Micro Systems holds 51 per cent each.[1]
