Multibagger from its 52-week low: Small-cap stock reports a 28 per cent jump in net profit!

The Board considered and approved the proposal to borrow funds to an amount not exceeding Rs 200 crores for the expansion of the facility.

Apollo Micro Systems Ltd is a pioneer in the design, development, assembly and testing of electronic and electro mechanical solutions. The company announced its Quarterly Results and annual results for the year ended March 31, 2023. Details below:

Financial Highlights for the Q4FY23 (Consolidated):

• Total Revenue stood at Rs 106.85 crore, up 1.13 per cent over Q4FY22. 
• PBT stood at Rs 11.33 crore, up 28.60 per cent over Q4FY22.  
• Profit After Tax stood at Rs 7.21 crore, down 8.73 per cent over Q4FY22.  
• The EPS for Q4FY23 stood at Rs 3.47.  

Financial Highlights for FY23 (Consolidated):  

• Total Revenue stood at Rs 106.85 crore, up 1.13 per cent over FY22. 
• PBT stood at Rs 28.96 crore, up 43.01 per cent over FY22.  
• Profit After Tax stood at Rs 18.74 crore, up 28.18 per cent over FY22.  
• The EPS for FY23 stood at Rs 9.02. 

Additionally, The Board considered and approved the proposal to borrow funds to an amount not exceeding Rs 200 crores for the expansion of the facility, general corporate expenses and the acquisition of technologies or companies.

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On Monday, shares of Apollo Micro Systems Ltd surged 0.57 per cent to Rs 35.25 per share with an intraday high of Rs 36 and an intraday low of Rs 34.55.

During the present fiscal year, the company underwent a stock split, reducing its face value from Rs 10 to Rs 1. The company traded ex-stock split on May 05, 2023.

The stock gave multibagger returns of 222.58 per cent from its 52-week low of Rs 11.16 per share. Investors should keep an eye on this small-cap stock.