Apollo Micro Systems Shows Strong Financial Performance in Q4 2023

Apollo Micro Systems, a smallcap company in the electronics components industry, has recently announced its financial results for the quarter ending December 2023. The company has shown a very positive performance in this quarter, with its score improving from 17 to 25 in the last 3 months.

One of the key highlights of the financials is the company's ability to manage interest payments, with the Operating Profit to Interest ratio being the highest in the last five quarters at 3.29 times. This shows that Apollo Micro Systems is improving its financial management.

The Profit Before Tax less Other Income (PBT) has also seen a significant growth of 57.43% year on year, indicating a very positive trend in the near term. Similarly, the Profit After Tax (PAT) has grown by 50.9% year on year, showing a positive trend in the near term.

In terms of sales, the company has seen a growth of 32.80% year on year in the half yearly period, with the net sales reaching Rs 178.50 crore. This indicates a positive trend in the near term for the company's sales.

The Operating Profit (PBDIT) for the quarter has also been the highest in the last five quarters at Rs 24.01 crore, showing a positive trend in the near term. The Operating Profit Margin has also improved, reaching its highest at 26.29% in the last five quarters, indicating an increase in the company's efficiency.

The Debtors Turnover Ratio for the half yearly period has also been the highest in the last five periods at 2.27 times, showing that the company has been able to settle its debtors faster.

Based on these financial results, MarketsMOJO has given a 'Hold' call for Apollo Micro Systems' stock. With a positive trend in its financials, Apollo Micro Systems is showing promising growth in the near term.