Micro Technologies (India) Ltd reported a 103% decrease in net profit for the fourth quarter, with net profit falling to -139.26 million from -4.09% in the previous fiscal year. Net sales declined 53% over the same period. Equity capital increased 111% to 341.04 million for the quarter. The company's stock closed 4.16% higher at BSE despite the broader market indices ending the day with losses of 0.41% for Sensex and 0.36% for Nifty.

1. Micro Technologies India's Net tumbles 103% in Q4
Micro Technologies (India) Ltd
26-Jun-2013 | QuarterlyResult as on31-Mar-2013
For the period the Micro Technologies (India) Ltd reported Net Sales of Rs 788.02 million and Net Profit of Rs -139.26 million. While Net
Sales declined by 52.94%, Net Profit came down by 103.33% and thereby NPMreduced to -17.67% as compared to -4.09% during same
period previous FY. EquityCapital for the period under consideration has increased by111.47%and stands at Rs 341.04 million.
The stock of the Micro Technologies (India) Ltd at BSE opened at 5.25 touched a high 5.30 and low 5.10 before closing at 5.26 gaining 4.16%
over previous close. The trading volume for the stock at BSEstood at 7162 shares and at NSEstood at 27715 shares.
BSE NSE
The S&PBSESensexclosed todayat 18552.12 (0.41%loss) and CNXNiftyclosed at 5588.70 (0.36%loss).
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