Micro Technologies Q4 profit rises over 3-fold to Rs 24 cr
The income from operations rose to 322 cr, up 61% from 200 cr
Software and hardware solutions provider Micro Technologies (India) net profit rose over three-fold to Rs 24.54 crore in the fourth quarter of 2011-12.
This is against a net profit of Rs 7.12 crore in the same period last year.
The income from operations rose to 322.26 crore during the quarter, up 61% from 200.50 crore.
Micro Technologies India Ltd CEO Ganapathy V said, "The growth has been due to a combination of domestic as well as international factors. The company saw good growth from markets in the Middle-East, South-East and the US."
For 2011-12 fiscal, Micro Technologies' net profit increased 67% to Rs 129.94 crore, while income from operations rose 44% to Rs 861.88 crore.
"We are looking to expand our retail business and would be launching bio-metric and video surveillance systems for infrastructure sector, which included both the government and commercial space," he added.
Shares of the company closed at Rs 145.50 apiece on the BSE, down 0.92% from its previous close.
Read more on: