Bartronics India – Going Strong

Bartronics India (BIL) reported an outstanding 495% yoy growth in its 4QFY2008 Top-line. This was a result of impressive growth in its Automatic Identification and Data Capture (AIDC) Solutions business, specifically in the RFID Solutions business, as also contribution from the Smart Cards segment. BIL had acquired a US company towards early 2008, which contributed Rs 33cr to Topline.

During 4QFY2008, BIL reported a 116bp yoy contraction in EBITDA Margins owing to higher operating costs viz., Raw Material, Staff Costs and Other Expenses. These expenses rose, as a % of Sales, by 675bp yoy, 19bp yoy and 179bp yoy respectively, in 4QFY2008. BIL’s total outstanding order book position at the end of FY2008 stood at a significant Rs345cr and constituted 128% of total FY2008 Revenues.