Apollo Micro Systems share price advanced over 3 percent in November 25 trade on securing orders worth Rs 4.65 crore. The company in an exchange filing said it has received orders from Defence Research and Development Organization (DRDO).
Shares of the company rose 3.18 percent to Rs 94.40 per share on the NSE.
Additionally, it informed "the Company has been declared the Lowest Bidder for orders worth Rs. 16.96 crores from DRDO, Public Sector Units, Indian Navy and Indian Army," it added.
The company offers technology-based solutions in sectors like infrastructure, transportation, and aerospace, among others.
The company reported a two-fold increase in its consolidated profit after tax, reaching approximately Rs 16 crore for the second quarter ended September 2024, driven by higher income.
The company had recorded a profit after tax (PAT) of Rs 6.55 crore in the July-September quarter of the previous fiscal, AMSL said in a statement on Monday.
In the latest second quarter, the company's total income also increased to Rs 161.30 crore from Rs 87.40 crore a year earlier. AMSL provides technology-driven solutions in sectors such as infrastructure, transportation, and aerospace, among others.
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