Financial Technologies (India) rose 1.25% at Rs 803.65 at 9:29 IST on BSE after net profit rose 93.98% to Rs 76.06 crore on 2.28% rise in net sales to Rs 66.96 crore in Q1 June 2012 over Q1 June 2011.
The result was announced after market hours on Monday, 6 August 2012.
Meanwhile, the BSE Sensex was up 8.32 points, or 0.05%, to 17,421.28.
On BSE, 47,000 shares were traded in the counter as against an average daily volume of 1.07 lakh shares in the past one quarter.
The stock hit a high of Rs 804 and a low of Rs 790.20 so far during the day. The stock had hit a 52-week high of Rs 958.80 on 17 February 2012. The stock had hit a 52-week low of Rs 518.10 on 29 December 2011.
The stock had outperformed the market over the past one month until 6 August 2012, gaining 6.27% compared with the Sensex's 0.62% fall. The scrip had also outperformed the market in past one quarter, rising 28.96% as against 3.46% rise in the Sensex.
The mid-cap IT company has an equity capital of Rs 9.22 crore. Face value per share is Rs 2.
Financial Technologies (India) said its EBITDA (Earnings Before Interest Taxes Depreciation and Amortization) surged by 109% to Rs 102.64 crore in Q1 June 2012 over Q1 June 2011.
Commenting on results, company's whole-time director Dewang Neralla said: "During this quarter our international exchanges stepped up to next level; BFX which commenced trading in November 2011, recorded an average daily turnover of USD 89.70 million during the quarter while DGCX recorded an average daily turnover of USD 1.4 billion, an increase of 144% over same quarter last year."
MCX, a group company of Financial Technologies and world's third largest commodity derivatives exchange continues to lead the commodity markets in India with 87% of the market share. The average daily turnover grew 8% over same quarter last year, it said. IEX leads the electricity markets with dominant share of 95% in day ahead trading and 92% in renewable energy certificates trading in quarter ended 30 June 2012.
Financial Technologies (India) is among the global leaders in offering technology IP (Intellectual Property) and domain expertise to create and trade on next generation financial markets, including - equities, commodities, currencies and bonds among others. The FT Group operates one of the world's largest network of nine exchanges connecting fast-growing economies of Africa, Middle East, India and South East Asia.
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