Bartronics Q1 net up 33% on higher income

Technology products company Bartronics India has reported a 33.1% growth in net profit for the quarter ended June 30, 2011, to Rs 30.87 crore from Rs 22.52 crore in the corresponding three months of last year.

At Rs 262.32 crore, its net sales revenue grew 61% from Rs 162.75 crore. On expenditure side, consumption of raw materials more than doubled to Rs 162.21 crore (Rs 60.48 crore).

Company managing director Sudhir Rao said the company had added 10 new projects during the quarter in the financial inclusion business segment. With this, the total number of projects has gone up to 30 and the number of villages being covered rose to around 60,000, according to a company release.

 

The company scrip is trading at Rs 54.30, up 4.83% from its previous close of Rs 51.80.