Micro Technologies India Ltd, manufacturer of security and tracking devices, on Tuesday announced a consolidated net profit of Rs 18.39 crore for the third quarter ended December 31, 2008, up 17.35 per cent over the corresponding period a year ago.
The company had a consolidated net profit of Rs 15.67 crore in the same quarter previous year, Micro Technologies India said in a filing to the Bombay Stock Exchange.
The consolidated net income rose to Rs 77.11 crore for the quarter under review from Rs 53.75 crore a year ago.
For the nine-months ended December 31, 2008, its consolidated net profit jumped to Rs 54.45 crore from Rs 38.07 crore for the same period last year.
The consolidated income for the nine-month period increased to Rs 212.44 crore from Rs 126.96 crore in the same period a year ago.
Its standalone net profit rose to Rs 15.42 crore in the December quarter 2008 from Rs 14.42 crore in the same period previous year.
The standalone total income increased to Rs 59.24 crore during the third quarter from Rs 46.62 crore in December quarter of 2007.
For the nine-months ended December 31, 2008, the firm's standalone net profit jumped up to Rs 49.37 crore from Rs 36.82 crore a year ago.
The standalone total income for the period rose to Rs 175.79 crore from Rs 119.83 crore in the same period a year ago.
The company has got approval for its vehicle security product from Ford Motor Company for South Africa.