Multibagger stock under Rs 50: This aerospace & defence company announces quarterly results (Q1FY24) & stellar dividend after stock split!

The stock gave multibagger returns of 300 per cent in just 1 year whereas BSE Industrials Index is up by 51 per cent.

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 ended June 30, 2023. Details below:

Financial Highlights for the Q1FY24 (Consolidated):

• Total Revenue stood at Rs 57.69 crore, up 2.53 per cent over Q1FY23. 
• Operating profit stood at Rs 12.96 crore, up 29.19 per cent over Q1FY23.  
• Profit After Tax stood at Rs 1.65 crore, up 1 per cent over Q1FY23.  
• The EPS for Q1FY23 stood at Rs 0.29.  

According to the annual results, net sales increased by 1.13 per cent to Rs 106.85 per cent and net profit increased by 28.18 per cent to Rs 18.74 crore in FY23 over FY22. The company announced a final dividend of 0.025 per equity share of the face value of Rs 1 each for the financial year 2022-2023. The company fixed the record date as September 22, 2023.  

Earlier, in the current financial 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.

On Friday, shares of Apollo Micro Systems plunged 3.36 per cent to Rs 56.10 per share with an intraday high of Rs 57.30 and an intraday low of Rs 53. The shares of the company saw a spurt in volume by more than 1.40 times on BSE. The company has a market capitalization of 1,300 crore.

The stock gave multibagger returns of 300 per cent in just 1 year whereas BSE Industrials Index is up by 51 per cent. Investors should keep an eye on this aerospace & defence company stock.

Disclaimer: The article is for informational purposes only and not investment advice.