India's Apollo Micro Systems rises on robust Q3 results

Apollo Micro Systems

05/02/2025 06:39

** Indian aerospace and defence manufacturing supplier
Apollo Micro Systems  APLL.NS  up 2.1% at 131.16 rupees after
robust Q3 results
    ** Shares were up as much as 7.4% in pre-open trade
    ** Co, which counts the Indian defence ministry as a
customer, reports 83.1% y/y increase in Q3 profit after tax 
    ** APLL a beneficiary of Indian govt increasing defence
spending to improve share of fleet produced in India
    ** Co's Q3 rev from operations up 62.5% y/y
    ** Shares have gained ~4% in the last 12 months
 

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))