Having Perl installed the hires solution available, run:
C:\BATCH>time.pl "echo Fine result"
0.01063
Fine result
STDERR comes before measured seconds
#!/usr/bin/perl -w
use Time::HiRes qw();
my $T0 = [ Time::HiRes::gettimeofday ];
my $stdout = `@ARGV`;
my $time_elapsed = Time::HiRes::tv_interval( $T0 );
print $time_elapsed, "\n";
print $stdout;