Lead
Apollo Micro Systems shares rose 5.6% to ₹311 following the release of strong financial results for the March quarter. The company reported substantial year-on-year growth in both revenue and profit after tax (PAT), driving positive investor sentiment in the market.
What Happened
The company's March quarter performance was characterized by significant double-digit growth across key financial metrics. According to reported figures, Apollo Micro Systems achieved the following:
- Revenue increased by 81.3% year-on-year, reaching ₹293.26 crore.
- Profit after tax (PAT) saw a 163.5% jump compared to the same period last year, totaling ₹36.79 crore.
Following these results, the stock price saw a 5.6% increase. This movement follows a broader recovery trend for the stock, which has rebounded 70% in under two months.
