Financial Tech net up 502 pc to Rs 60.80 crore

New Delhi, Aug 1: Financial Technologies India Ltd today said its net profit increased 502 per cent to Rs 60.80 crore for the first quarter ended June 30, 2007 from Rs 10.10 crore for the corresponding period last fiscal.

The company's total income jumped 343 per cent to Rs 102.80 crore in Q1FY2007-08 as compared to Rs 23.20 crore in Q1FY2006-07.

Its consolidated net profit stood at Rs 71.50 crore in the first quarter of current fiscal, up by 87 per cent as compared to Rs 38.20 crore in Q1FY2006-07.

The company's consolidated total income increased by 101 per cent to Rs 165.30 crore from Rs 82.20 crore in the said period.

UNI