Financial Technologies revenue up 62%

Financial Technologies revenue up 62%
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First Published: Sun, Jul 01 2007. 05 30 PM IST
Updated: Sun, Jul 01 2007. 05 30 PM IST
PTI
Mumbai: Financial Technologies group clocked a 62% increase in its consolidated total income in FY 07 at Rs325.1 crore as against Rs201.2 crore in FY 06 while its PAT rose to Rs103.6 crore as against Rs83.9 crore in the previous fiscal.
The group’s exchange-traded business grew 67% while STP technologies business expanded by 86%, a release here today said.
“We expect to continue to grow exponentially year-on-year driven by our IP-centric business model and technology-domain expertise which has delivered another high-growth year for us,” Dewang Neralla, whole-time diretor, Financial Technologies, said.
In Q4 FY 07, the consolidated total income rose 69% to Rs108.4 crore while PAT stood at Rs18 crore.
Its exchange-traded business grew by 63% while STP technologies business expanded by 166%.
On a stand-alone basis for FY 07, the company saw an 81% rise on a YoY basis in total revenue at Rs174.1 crore while its PAT expanded 116% at Rs100.6 crore.
In Q4 FY 07, on a stand-alone basis, the company’s total revenue rose by 158% to Rs52.8 crore while PAT was up 275% at Rs31.6 crore.
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First Published: Sun, Jul 01 2007. 05 30 PM IST