FTIL posts net loss of Rs 35 cr in Q2

The company reported of net profit of Rs 327 cr in the same period a year ago

Technology company Financial Technologies (FTIL) has posted a net loss of Rs 34.99 crore for the second quarter ended September 30, 2015 as compared to a net profit of Rs 327.42 crore for the corresponding period last year.

Total income of the company however, rose marginally to Rs 39.08 crore for the July-September quarter of 2015 as against Rs 38.84 crore for the same quarter previous year.

While the company earned Rs 351.20 crore through sale of stake in other subsidiaries in the July-September quarter last year, FTIL made an expenditure of Rs 19.16 crore in the second quarter of the current financial year.

 

The company paid legal and professional charges during the quarter under review of Rs 16.12 crore this year as against Rs 16.18 crore in the comparable quarter last year.