Bartronics India Ltd, a Hyderabad-based solutions provider for Automatic Identification and Data Capture and Radio Frequency Identification, has posted 217.71 per cent rise in net profit at Rs 1,094.72 lakhs for the third quarter in the current fiscal.

The net profit in the corresponding period in the previous fiscal was Rs 344.57 lakhs.

The company’s board during its meeting held today took on record the un-audited financial results.

The company has reported a growth of over 299.34 per cent in total income at Rs.7016.77 lakh for the quarter ended December 31, 2007 as against Rs 1,757.11 lakh in the corresponding quarter last year. .

“Bartronics India Limited, which is a first mover in the niche sector is making rapid strides in India and have displayed sterling performance”, said Mr Sudhir Rao, Managing Director, Bartronics India Ltd. “The significant growth of the company in the third quarter of the current fiscal has been reflected in its financial figures”, Rao said.

The company’s basic earnings per share was at Rs six for the quarter that ended December 31, 2007 compared to Rs 1.89 in the corresponding quarter in the last fiscal. The diluted earning per share was Rs 3.66 in the current quarter ended December 31, 2007 as against Rs 1.15 in the corresponding period last year.

Sourced From: Adfactors Public Relations Pvt Ltd

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