Penny Stock: There are many companies in the field of IT in our country which are seen providing services in the country as well as globally, but Bartronics India Limited is one such company which has become one of the most talked about companies in the IT sector for the last few years.
The advanced services provided by the company and its expansionist policy have enabled it to obtain orders from some of the private companies in the country as well as from the Government companies of the country.
About Bartronics India Limited
Bartronics India Limited is engaged in providing IT services and solutions. The company is currently seen providing a range of services such as identity technology, enterprise mobility, application development and management, IT infrastructure management, software quality assurance and testing, and strategic consulting
The market cap of Bartronics India Limited is Rs 645 crore. The price of the company’s stock is Rs 21.19. The 52-week high price of the stock is Rs 28.75 and the lowest price is Rs 9.75. The company has given a return of 561.88 percent in last 5 years, 480.27 percent in 3 years, 79.58 percent in 1 year and 21.65 percent in last one month.
Bartronics India Limited gave a big update
Bartronics India Limited, a leading company in the field of FinTech in our country, has recently announced its latest expansion with Bank of India, one of the largest public sector banks in the country. The company is also set to announce its important initiatives under its financial inclusion and community development program in collaboration with several banks. After this announcement, the company will be able to provide banking facilities to those people in the communities of the country who are unable to afford to join important financial projects.
With the help of this project, the expansion campaign being run for the development of banking literacy in the society of our country will also get help. Vidya Sagar Reddy, Managing Director of Bartronics India Limited, says that the company is going to do a collaboration campaign with many banks. The company is very excited about this collaboration with Bank of India and Madhyanchal Gramin Bank. Through this expansion, it will become easier for more people of the country to get banking services.
How was the fourth quarter of Bartronics India Limited
Bartronics had released its fourth quarter earnings report for the financial year 2024 a few months ago. This fourth quarter report released by the company was disappointing for both investors and the company as the company’s net profit has registered a huge decline. In the March quarter report released by the company, it had said that its net profit had declined to Rs 1.98 crore in this quarter from Rs 439.88 crore in the same quarter of the previous financial year, i.e. the company’s net profit has declined by 99.55 percent year-on-year.
But the company’s income has increased to Rs 12.41 crores in this quarter from Rs 12.05 crores in the same quarter of the previous financial year, which shows that the company’s income has increased by 2.97 percent.
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