Financial Technologies (India), the promotor of the country's largest commodity exchange MCX, today said it has recorded a 53 per cent rise in standalone PAT, excluding project divestment income, at Rs 43.2 crore for the third quarter of the current fiscal.
The company had reported a standalone PAT of Rs 28.3 crore, excluding project divestment income (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 told reporters here.
However, the company said in a regulatory filing that its PAT fell by nearly 92 per cent due to the project divestment income in the last financial year.
Financial Technologies' standalone operating revenue went up by 58 per cent to Rs 62.4 crore in Q3 FY09 against Rs 39.4 crore in the corresponding quarter of the previous fiscal.
Total income, excluding PDI, also increased by 69 per cent to Rs 105.4 crore during the reporting quarter against Rs 62.4 crore in the same quarter previous fiscal.
The company board declared an interim dividend of 100 per cent per share of Rs 2 each. Its cash and cash equivalents continued to remain healthy at Rs 1,227.5 crore.
"The strong performance of the company reaffirms the fact that companies with solid cash flow and sound corporate governance will continue to perform against any economic slowdown long term," company's Independent Director P G Kakodkar said.
