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 (India) 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 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.

image
Business Standard
177 22
Business Standard

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

Press Trust of India  |  New Delhi 



Software and hardware solutions provider (India) 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 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.

RECOMMENDED FOR YOU

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

This is against a net profit of Rs 7.12 crore in the same period last year.

Software and hardware solutions provider (India) 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 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.

image
Business Standard
177 22
Widgets Magazine

More News

Widgets Magazine
Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard