The Apollo Micro Systems share price saw heavy buying on Friday. Today, the defence and aerospace stocks opened at ₹113 each on the NSE and reached an intraday high of ₹120.40 per share, representing an 8% increase from Thursday’s close price of ₹110.77 per share.
Dalal Street Bulls did not pay much attention to the small-cap firm as it set August 9, 2024, as the date for the Q1 results. Following today’s release of the Q1 results, Friday trading saw heavy buying in the shares. The defence and aerospace company’s Q1 2024 results showed a significant YoY increase in net profit and net income. The small-cap defence stock announced today the Q1FY25 results along with the final dividend record date.
The firm recorded a net income of ₹92.03 crore, compared to ₹58.06 crore in the previous fiscal year. So, the company’s overall income increased by 58.50 percent year on year during the April to June 2024 quarter. During the April-June 2024 quarter. The company’s net profit was ₹8.61 crore, up from ₹1.80 crore in the first quarter of the previous fiscal year. As a result, the company’s YoY net profit increased by 380 percent in the first quarter of this fiscal year.
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