Bartronics India gallops on blockbuster earnings

Bartronics India jumped 15.47% to Rs 236.30 at 11:04 IST on BSE after the company reported 260.90% surge in net profit to Rs 16.42 crore in Q4 March 2008 over Q4 March 2007

The scrip had touched a high of Rs 239.40 and a low of Rs 211 so far during the day. The stock had hit a 52-week high of Rs 294.50 on 7 January 2008 and a 52-week low of Rs 100.30 on 11 May 2007.

The small-cap technology solution provider has an equity capital of Rs 21.12 crore. Face value per share is Rs 10.

At the current price of Rs 236.30, the scrip trades at a PE multiple of 9.54, based on Q4 March 2008 annualised EPS of Rs 24.75.

Bartronics India’s net sales jumped 309.80% to Rs 73.27 crore in Q4 March 2008 over Q4 March 2007

The company posted 138.20% surge in net profit to Rs 32.09 crore on 187% spurt in net sales to Rs 182.22 crore in the year ended March 2008 over the year ended March 2007.

Bartronics is a leading provider of smart card-based technology as well as radio frequency identification solutions.