BackFinancial Tech’s third quarter PAT up 53%
Financial Tech’s third quarter PAT up 53%
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Goa: Financial Technologies (India) Ltd, the promoter of the country’s largest commodity exchange—Multi Commodity Exchange of India Ltd—on Sunday said it has recorded a 53% rise in stand-alone profit after tax, or PAT, excluding project divestment income, at Rs43.2 crore for the third quarter of the current fiscal.
The company had reported a stand-alone PAT of Rs28.3 crore, excluding project divestment income, or PDI, in the same period last fiscal.
“Despite the challenging global financial environment, we are able to maintain the robustness of our business model. We will continue to leverage our economies of scale in technology, trade and post-trade transaction lifecycle to create the most efficient network of exchanges," Financial Technologies’ whole-time director Dewang Neralla said.
Stand-alone operating revenue went up by 58% to Rs62.4 crore in third quarter against Rs39.4 crore a year ago. Total income, excluding PDI, rose by 69% to Rs105.4 crore in the quarter, against Rs62.4 crore in the year-ago quarter.
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