Micro Technologies (India) Ltd, leading IT based worldwide developer, manufacturer and marketer of security devices has declared financial performance for the first quarter (April-June 2009-10).

During the review quarter, company's consolidated revenue stood at Rs 793.5 million, up by 18.84%. Profit Before Tax for Q1FY10 grew marginally to Rs 2 million while Profit After Tax (PAT) stood at Rs182.8 million compared to a net profit of Rs183 million achieved during the same quarter previous fiscal.

On a standalone basis, company's income for the latest three month period stood at Rs 594.3 million, up by 2.89% while the standalone net profit has witnessed a slump of 21% at Rs137.7 million.

 The company officials stated that their continuous innovation and detailed understanding of the market ensured steady performance for the recently concluded quarter.

Recently, the conglomerate has inked an agreement with a Srilankan service provider Dialog GSM for introducing the Micro Lost Mobile Tracking System for the Srilankan market. It has commenced offering Micro Intelligent Surveillance system for one of the largest electricity utilities company in India and recommended ways of multiplying the same.