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Micro Technologies surges on reporting three fold jump in Q4 consolidated net profit

25 May 2012 Evaluate

Micro Technologies is currently trading at Rs. 147.70, up by 2.20 points or 1.51% from its previous closing of Rs. 145.50 on the BSE.

The scrip opened at Rs. 149.00 and has touched a high and low of Rs. 150.00 and Rs. 146.55 respectively. So far 8867 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 182.75 on 22-Mar-2012 and a 52 week low of Rs. 99.00 on 11-Aug-2011.

Last one week high and low of the scrip stood at Rs. 150.00 and Rs. 141.25 respectively. The current market cap of the company is Rs. 236.50 crore.

The promoters holding in the company stood at 33.74% while Institutions and Non-Institutions held 1.02% and 65.21% respectively. 

Software and hardware solutions provider Micro Technologies (India) has reported over three fold jump in its consolidated net profit to Rs 24.54 crore for the fourth quarter ended March 31, 2012 as compared to Rs 7.13 crore in the same period of previous fiscal.

The total income from operation of the company on consolidated basis stood at Rs 322.26 crore for the fourth quarter ended March 31, 2012, against Rs 198.36 crore in the same period of previous fiscal, up by 62.46%.

For the year ended March 31, 2012, the company posted a rise of 67.34% in its consolidated net profit of Rs 129.94 crore against Rs 77.65 crore in 2010-11. The consolidated total income from operation of the company rose 43.70% to Rs 861.88 crore for the year ended March 31, 2012, compared to Rs 599.77 crore in 2010-11.

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