Comments
Bartronics, the Hyderabad-based identity solutions, biometrics and RFID products firm, has reported a loss of Rs 39 crore in the fourth quarter ended March 31, 2012, against a profit of Rs 46 crore in the same quarter last year.
During the quarter, the company registered a turnover of Rs 244 crore against Rs 292 crore in the comparable quarter last year.
For the full year, its profits stood flat at Rs 108 crore (Rs 110 crore) on a turnover of Rs 1,082 crore (Rs 888 crore).
“In spite of the challenging environment, the company has demonstrated a strong performance for the 12 months ended March 31, 2012 with revenues growing by 22 per cent over FY’11. We have continued to see traction in the Asian and the US markets,’’ Mr Sudhir Rao, Managing Director of Bartronics, said.
“The reorganisation initiative is nearing completion. We have requested the Registrar of Companies to extend the financial year by six months (up to September 2012) to complete the process,’’ he said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.