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Published: July 15, 2024
Updated: July 15, 2024
Apollo Micro Systems Ltd. (BSE: 540879, NSE: APOLLO), a pioneer in design, development and assembly of custom-built electronics and electro-mechanical solutions, has announced that the company is shortlisted keeping in view the capability and was awarded Make II project by the Indian Army.
This project is for the procurement of a Vehicle Mounted Counter Swarm Drone System (VMCSDS) (Version I) under the Make II category of DAP-2020. This project is very prestigious and first Make II project for the Company. The company is happy to share that the systems developed out of it are ‘state of the art’ and highly futuristic in nature. As a Make II project, there will be no cost obligation involved.
Earlier, the company reported its earnings for quarter and year ended 31 March 2024. AMS achieved significant financial growth in FY24, driven primarily by robust order execution. The revenue for Q4 FY24 was Rs. 1,354.37 Mn, up from Rs. 1,068.46 Mn in Q4 FY23, with the full-year revenue standing at Rs. 3,716.34 Mn compared to Rs. 2,975.26 Mn in FY23 showcasing a healthy growth of 24.91%. The company’s EBITDA for Q4 FY24 increased to Rs. 287.43 Mn from Rs. 228.83 Mn in Q4 FY23, and for the entire fiscal year, it reached Rs. 838.66 Mn, up from Rs. 640.91 Mn in FY23, marking a growth of 25.61% for the quarter and 30.85% for the year, attributed to the increased scale of operations and cost-efficient execution. Profit after tax (PAT) for Q4 FY24 was Rs.129.31 Mn, compared to Rs. 72.15 Mn in Q4 FY23, and for FY24, it stood at Rs. 311.07 Mn, compared to Rs. 187.38 Mn in FY23. PAT margins were 9.55% in Q4 FY24 and 8.37% for the full fiscal year.
Currently, AMS operates a 55,000 sqft manufacturing facility, with two additional facilities of 40,000 sqft and 3,50,000 sqft under development. These expansions will significantly enhance its manufacturing capabilities, supporting increased production and meeting growing demand. AMS boasts over 700 on-board technologies and is actively involved in more than 150 indigenous programs and 60 DcPP programs as a sub-system partner.
Apollo Micro Systems (AMS), established in 1985, is a pioneer in Design, Development and assembly of Custom Built Electronics and Electro-mechanical solutions. AMS offer solutions based on state-of-the-art technologies for Aerospace, Defense & Space as primary customers and also caters solutions for Railways, Automotive and Home Land Security markets. The company is into development of Indigenous technologies and is one amongst the first companies in Hyderabad working for Department of Space and Defence, offering design services. Its wide spectrum of technological solutions and end to end design, assembly & testing capabilities gives it an edge over the competition. The company offers End-to-End Design, assembly and testing services. It has a pool of engineers who demonstrate their design, engineering capabilities and offer Product Life Cycle Support. Its Engineering Services team offers Build to Specifications (BTS) and Build to Print Services (BTP).
December 31, 2024 - Second Issue
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