Financial Technologies (India) Ltd has posted a net profit of Rs 868.656 mn for the quarter ended December 31, 2011 as compared to Rs 787.875 mn for the quarter ended December 31, 2010.
Total Income has increased from Rs 1401.278 mn for the quarter ended December 31, 2010 to Rs 1677.357 million for the quarter ended December 31, 2011.
Commenting on Financial Technologies’ Standalone third quarter and nine months FY 2011-12 performance, Dewang Neralla, Whole Time Director, said:“We have been growing at a steady pace. Total income from operations was up by 15% year on year to Rs. 3,038 million for the nine months ended December 31, 2011. Net profit excluding profit on sale of shares and diminution in long term investments for the same period was up by 48% year on year to Rs.2,263 million.During this quarter, we repaid ZCCBs aggregating USD 133.16 million including premium thereon. This demonstrates our commitment to the investors.This quarter too, we continued with our leadership position across asset classes we serve. MCX had 87%, IEX had 92% and NSEL had over 99% market share in their respective asset classes. On the international exchanges front, SMX witnessed average daily turnover of USD 561 million and GBOT’s average daily turnover was USD 39 million. BFX commenced live trading of its conventional trading segment on the 23rd November 2011.Our ecosystem businesses are focused on broadening the customer base and reaching out to the end users.”