Hyderabad -based Apollo micro systems are expecting a strong growth trajectory operated by stable domestic order flow and global expansion. The company expects 40–45% annual growth rate, maintaining speed after a record increase in net profit in the December quarter.
According to its director, the defense solution provider has also set internal goals to double its revenue in the near future, Edipalli Krishna Sai Kumar.
Talking to NDTV benefits, Sai Kumar said, “,We will be growing at the rate of 40% to 45% every year. As you have seen in our Q3 results, this was the most Q3 performance in the history of the company. So, this growth speed will continue. ,
Apollo Micro Systems reported an increase of 83% year-to-year in consolidated profit after tax for the December quarter, which was more than Rs 9.96 crore in the year ago. The total income rose by 62%by reaching Rs 149.37 crore in the third quarter as compared to Rs 91.84 crore in the October-December quarter quarter of the financial year ending March 2024.
Asked about the current order book and expectation of reaching Rs 2,500 crore by December 2025, Kumar said that the growth rate would be around 45% while accurate figures may vary slightly.
He said, “Many original equipment makers, or a tier-to and tier-quarter supplier for OEMs, including private and public sector companies and DRDOs, the company continues to receive orders, especially large-tickets For missiles and naval defense projects, “he said. ,
He further stated that at present, the company focuses on domestic orders, but international trade expansion is going on. According to Kumar’s estimates, in the next financial year, the company will also be able to clock a decent order book for the export market, which can be executed in the next financial year Q3 or Q4. “
The company’s current manufacturing plant in Hyderabad spreads 55,000 sqft. It is also expecting a new 350,000-class foot feature in Hyderabad, which will be completely operational in the next few quarters.
He said, “Use of full capacity will take some time, possibly in four to six quarters, but this feature is unique than our current capabilities,” he said.
The company has also set up a second 45,000 square foot facility in Telangana, where its teams are expected to move from the first quarter of the next financial year.
Commenting on the company’s balance sheet, Kumar said that the company currently has no long -term loan, but has taken a term loan for capacity expansion. “The debt will be complemented by the recent equity and pending preference equity approval we raised by us. You know, in March, money will start flowing, ”he said.
The shares of Apollo Micro Systems were closed at NSE at 2.65%on NSE on Friday, Rs 115.15. In comparison, the benchmark Nifty 50 reduced 117.25 points, or 0.51%, 22,795.9.
(Tagstotransite) Apollo Micro Systems Limited
