Financial Technologies (India) Limited (Financial Technologies), the global leader in offering technology solutions and domain expertise for creating and operating financial markets for multi asset class, announced today its reviewed un-audited financial results for the 1st quarter FY11.
• Financial Technologies (Standalone) operating revenue increased by 26% to Rs. 736.29 million(Y-o-Y) for the quarter ended June 30, 2010
• Profit from Operations before Other Income & Interest (Standalone) increased by 53% to Rs. 267.42 million (Y-o-Y) for the quarter ended June 30, 2010
• Net Profit (Standalone) increased by 120% to Rs. 451.55 million (Y-o-Y) for the quarter ended June 30, 2010
• The board declared interim dividend of 100% on the face value of Rs 2/- per share
Commenting on Financial Technologies' Q1 FY 2010-11 performance, Dewang Neralla, Whole Time Director, said: "We are pleased to announce results for the quarter ended June 30, 2010. We have witnessed a healthy year on year growth across financial matrix this quarter.
This quarter too, our exchanges have maintained leadership position in their respective asset classes. MCX witnessed 30% growth in volumes with 87% market share in commodities market, MCX-SX garnered 56% market share in FX-Derivatives segment, IEX had 86% market share in electricity spot market. Our team is focused on launching three of our international exchanges in coming months.
Under ecosystem segment, NBHC is maintaining steady pace with collateral funding facilitated over Rs. 14,000 crore cumulatively. 'atom' is also spreading its reach by tying up with partners across the payment value chain to offer its innovative payment solutions to the urban and rural consumer.
The group will continue its focus on execution and innovation in financial markets by leveraging on its partnership with leading players in various business segments; thus strengthening its robust portfolio of technology IP based solution."
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