Micro Technologies consolidated Q1 net profit at Rs 18.28 cr
Consolidated Income from operations for the quarter at Rs 79.35 cr up by 18.84 %
India, August 2009: Micro Technologies (India) Ltd., the global security solutions company, reported financial performance for the first quarter. Consolidated revenue at Rs 79.35 crore, was up by 18.84 per cent. Profit Before Tax for Q1FY10 rose marginally to Rs 20.22 Lakhs while Profit After Tax was at Rs 18.28 crore compared to net profit of Rs18.30 crore achieved during the same quarter previous year.
On a standalone basis, income for the quarter at Rs 59.43 crore grew by 2.89% while the standalone net profit at Rs 13.77 crore declined by 21%.
“Our continuous innovation and detailed understanding of the market ensured steady performance for the recently concluded quarter. Our security and tracking products portfolio is growing steadily, while existing products are constantly evolving technologically. Our foray into international markets and strengthening ties across the world are a step toward establishing ourselves as a Global Security Solutions Company” said Mr. Ganapathy V., Chief Financial Officer, Micro Technologies India Ltd.
Micro Technologies has recently signed an agreement with a Srilankan service provider Dialog GSM for launching the Micro Lost Mobile Tracking System for the Srilankan market.
Micro Technologies has successfully started providing Micro Intelligent Surveillance system for one of the largest electricity utilities company in India and recommended ways of multiplying the same
About Micro Technologies
Micro Technologies (India) Ltd is a leading global developer, manufacturer and marketer of IT based security solutions for its clients across the globe. Products range includes the much-needed security devices, life support systems and web-based software. It is one of the most valued security solutions across the globe and has been endowed with awards like the Amity Corporate Excellence Award 2009.Increasing its scope, Micro Technologies has spread its wings globally, with tie-ups in Japan, South Africa, and even Australia. Also, taking initiatives in the field of pharmacy and education, Micro Technologies has also launched their unique ID card for their in-house employees.
For further information please contact:
Micro Technologies India Ltd:
Mamta Pandey : 022-27612761
mamta.pandey@
Tatva Public Relations:Jyotii Rathod : 09920693646 jyotii.rathod@
