FTIL PAT up at Rs 27 cr

MUMBAI: Technology solutions provider, Financial Technologies (India) Ltd on Tuesday reported a 157 per cent increase in profit after tax (PAT) at Rs 27.21 crore for the first quarter ended June 30 and has recommended an interim dividend of 40 per cent.

Total consolidated income of the company grew 217 per cent for the period under review to Rs 82.23 crore, the company said in a release.

Company CMD Jignesh Shah said revenue growth has been driven by increasing acceptance of our expanding suite of software products focused on Straight Through Processing (STP) technologies in both equities and commodities trading markets.