Financial Technologies PAT grows by 116 % at Rs 103.6 cr

Kolkata, Jul 02 (UNI) Financial Technologies (India) Ltd, flagship company of the Financial Technologies Group, has registered a Profit After Tax (PAT) of Rs 103.6 crore as compared to Rs 83.9 crore, a growth of 116 per cent in net profit.

The consolidated total income increased by 62 per cent to Rs 325.1 crore from Rs 201.2 crore in the previous year.

''Our revenue has grown annually at 81 per cent and a net profit growth of 116 per cent on a standalone basis,'' a company release said.

The company had consolidated and progressed on all business fronts with flagship product ODIN TM capturing 90 per cent estimated market share, a growth of 76 per cent in the license base in equity markets, and a growth of 146 per cent in the commodities market.

MCX is ranked as the world's third largest bullion exchange after New York Metal Exchange (NYMEX) and Tokyo Commodity Exchange (TOCOM).

The company has also launched two new ventures this year--TickerPlant Infovending Ltd. (TickerPlant) and Safal National Exchange (SNX) for fruits and vegetables which is a 49:51 JV with National Dairy Devolopment Board (NDDB).

UNI