Financial Technologies shares soar over 17% post Q1 results

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New Delhi | Updated: September 9, 2016 5:12:01 PM

Financial Technologies shares advanced over 17 per cent in the early trade on Friday after the company registered a net profit of Rs 12.36 crore for the quarter ended June 30, 2016 against net loss of Rs 45.32 crore in the corresponding quarter a year ago.

BSE Sensex, NSE NiftyFinancial Technologies shares advanced over 17 per cent in the early trade on Friday after the company registered a net profit of Rs 12.36 crore for the quarter ended June 30, 2016 against net loss of Rs 45.32 crore in the corresponding quarter a year ago. (Photo: Reuters)

Financial Technologies shares advanced over 17 per cent in the early trade on Friday after the company registered a net profit of Rs 12.36 crore for the quarter ended June 30, 2016 against net loss of Rs 45.32 crore in the corresponding quarter a year ago. Net income from operations increased marginally to Rs 35.94 crore during the first quarter of the ongoing financial year from Rs 35 crore in the same quarter last year. FTIL has registered a net profit in Q1FY17 on account of 1795 per cent rise in other income to Rs 62.74 crore against Rs 3.31 crore in the same period last year.

At 11.10 am, shares of the company were trading 15.88 per cent up at Rs 90.50. The scrip opened the day at Rs 81 and has touched a high and low of Rs 91.65 and Rs 80.50, respectively, in trade so far. Later, the scrip ended 13.32 per cent up at Rs 88.50.

In the past one year, shares of Financial Technologies (India) Ltd have fallen 28.77 per cent to Rs 78.10 till September 9, whereas BSE Sensex jumped 14.72 per cent in the same period. Shares of the company have hit the 52-week high of Rs 134.30 on December 15, 2015 and 52-week low of Rs 70.20 on July 20, 2016.

FTIL name has been changed to 63 moons technologies Ltd and the company is fighting legal battles in courts in relation to Rs 5,600 crore payment defaults in the National Spot Exchange Ltd (NSEL).

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