FTIL gives dividend payout at 300 pc for year

Mumbai, Jun 19: Financial Technologies (India) Limited (FTIL), a technology solutions provider for capital, commodities and forex markets, today announced its audited financial results for the quarter and year ended March 31, 2006.

The Board recommended final dividend of 260 per cent. Dividend payout for the year at 300 per cent.

FTIL Standalone Performance for FY06 (excluding MCX, DGCX and other subsidiaries) Total gross revenue increased by 187 per cent to Rs 96.26 crore for year ended March 31. Net profit was higher by 387 per cent at Rs 48.24 crore compared to Rs 9.91 crore for the last year.

Commenting on FTIL's FY06 performance, The company's Chairman&Managing Director Jignesh Shah said, ''The 187 per cent growth in income along with the quantum jump in margins reported by the FTIL Standalone, without MCX, DGCX and any of its other subsidiaries, clearly establishes that our IP (Intellectual Property) centric business model is beyond the conventional quarter per quarter, dollar per hour and sum of parts models.'' While our subsidiaries such as MCX, DGCX and others are among the fastest growing companies in each of their respective sunrise vertical markets, FTIL standalone business continues to remain the core growth engine platform for the group overall and to build other new business enterprises such as NSEAP, NBHC, ATOM, Riskraft and others, he said.

The above FTIL standalone growth is in addition to the massive expansion of our IP development centre by 40,000 square feet and addition of 300 technology and domain specialists.''

UNI