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Financial Technologies net up 58 percent in Q1

Posted on Aug 14 2014 | IANS

Chennai, Aug 13 : Financial Technologies (India) Ltd. posted net profit of Rs.128 crore for first quarter of 2014-15, registering 58 percent growth over Rs.81 crore in the same period a year ago.

According to the company's release here Wednesday, total income rose 27 percent to Rs.216 crore in the quarter under review (Q1) from Rs.170 crore in the like period a year ago.

The city-based company July 20 announced selling 15 percent of its equity stake in MCX (Multi Commodity Exchange) to privately run Kotak Mahindra Bank for Rs.459 crore through share price agreement with the approval of the market regulator -- Securities and Exchange Board of India.

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