Corporate Feature     

Published: May 15, 2024
Updated: May 15, 2024

Apollo Micro Systems Ltd.

Robust Earnings for Q4FY24 PAT shoots up 79% YoY

Apollo Micro Systems Ltd. (BSE: 540879, NSE: APOLLO), a pioneer in design, development and assembly of custom-built electronics and electro-mechanical solutions, has reported its earnings for quarter and year ended 31 March 2024.

Profit after tax (PAT) for Q4 FY24 was Rs.129.31 Mn, compared to Rs. 72.15 Mn in Q4 FY23, and for FY24, it stood at Rs. 311.07 Mn, compared to Rs. 187.38 Mn in FY23. PAT margins were 9.55% in Q4 FY24 and 8.37% for the full fiscal year.

Currently, AMS operates a 55,000 sqft manufacturing facility, with two additional facilities of 40,000 sqft and 3,50,000 sqft under development. These expansions will significantly enhance its manufacturing capabilities, supporting increased production and meeting growing demand. AMS boasts over 700 on-board technologies and is actively involved in more than 150 indigenous programs and 60 DcPP programs as a sub-system partner.

“We are pleased to present an overview of Apollo Micro Systems Limited’s (AMS) performance for Q4 and FY24. This year has seen Apollo Micro Systems make significant strides in several key areas, demonstrating our commitment to innovation, operational excellence, and sustainable growth. Our order book has strengthened on account of several programs moving from development - production to more production based contracts which provides us added visibility for future revenue growth. The company is participating in Make-II Defence Projects and is likely to collaborate with other companies in building larger platforms.

On the capability augmentation front we have announced the groundbreaking ceremony for our Plant for Ingenious Defense Systems (IPiDS) in Hyderabad, this makes our foray into defense and space sector growth even more stronger with in-house capabilities. This would cater to developing products in the missile, unmanned aerial and ground systems development. IPiDS signifies our dedication to national security and technological advancement.

Looking ahead, we are optimistic about the future growth prospects of Apollo Micro Systems Limited. The robust demand for electronic solutions in defense, coupled with our strategic initiatives, positions us favorably for continued success. Apollo Microsystems Limited remains committed to creating value, and we look forward to a successful future together Apollo Micro Systems (AMS), established in 1985, is a pioneer in Design, Development and assembly of Custom Built Electronics and Electro-mechanical solutions. AMS offer solutions based on state-of-the-art technologies for Aerospace, Defense & Space as primary customers and also caters solutions for Railways, Automotive and Home Land Security markets. The company is into development of Indigenous technologies and is one amongst the first companies in Hyderabad working for Department of Space and Defence, offering design services. Its wide spectrum of technological solutions and end to end design, assembly & testing capabilities gives it an edge over the competition. The company offers Endto-End Design, assembly and testing services. It has a pool of engineers who demonstrate their design, engineering capabilities and offer Product Life Cycle Support. Its Engineering Services team offers Build to Specifications (BTS) and Build to Print Services(BTP).