Apollo Micro Systems jumped 11.07% to Rs 144 after the company said it bagged a supply order from Bharat Electronics worth Rs 49.86 crore.The company in an exchange filing on Saturday announced that it has bagged a Rs 49.86 crore order from Bharat Electronics, a Defence Public Sector Undertaking with a repeat order clause, for maximum of 120% of the units originally ordered.
Apollo Micro Systems is an electronic, electro-mechanical, engineering designs, manufacturing and supplies company. The company designs, develops and sells high-performance, mission and time critical solutions to defence, space and home land security for Ministry of Defence, government controlled public sector undertakings and private sectors.
On a consolidated basis, the company's net profit rose 25.3% to Rs 3.62 crore on a 16.5% rise in net sales to Rs 66.31 crore in Q3 December 2020 over Q3 December 2019.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.