Apollo Micro Systems posts strong Q2; Systematix keeps Buy
In short
Apollo Micro Systems reported a strong quarter. Revenue rose 72.2% and net profit rose 55.6% year on year. Systematix kept its Buy rating and ₹570 target, and expects ₹120 billion in order inflows over two years.
This matters because investors are watching if the defence stock can keep rising after a big five-year rally. The report does not say what the company’s order wins will be or how the shares moved that day.
What the reporting says
Apollo Micro Systems posted a strong quarterly performance, with revenue up 72.2% and net profit up 55.6% year on year. Systematix kept its Buy call and ₹570 target, citing growth prospects and expected ₹120 billion in order inflows over two years. The immediate question is whether the defence stock can extend its multi-year rally; the source does not say how the market reacted.
Why it matters
Apollo Micro Systems reported Q2 results with revenue rising 72.2% and net profit rising 55.6% year on year, according to the publisher summary. Systematix maintained a Buy rating and a ₹570 target, pointing to growth prospects and expected ₹120 billion in order inflows over two years. The report does not provide the full result set, management commentary, or any market reaction.