Financial Technologies (India) Limited, India’s leading technology solutions provider for equity, commodities, forex and bond markets, today announced its audited financial results for the quarter and nine months ended December 31, 2007.

Commenting on Financial Technologies’ Q3FY2007-08 performance, Dewang Neralla, Whole Time Director, said:

It has been a quarter of fulfilling the promises and promising further fulfilments.

During this quarter, a journey towards India’s first online electricity trading platform was initiated in the form of Indian Energy Exchange Limited (IEX). IEX launched its membership drive in this quarter and has already received expression of interest from over 100 applications for membership. Our ecosystem ventures also continued to complement the exchange ventures with National Bulk Handling Corporation Limited (NBHC) emerging as a credible platform for collateral management.

The continuous journey to promote and invest in ventures which leverage the core technological capabilities towards creating world class enterprises has accelerated in its next phase. As a result, this quarter saw unlocking value on such exchange businesses and taking them into the next orbit. The ever increasing interest of investors in our exchange ventures continued to peak with ICICI, IL&FS, and Kotak Groups acquiring 3.55%, 5%, and 1% equity stake in Multi Commodity Exchange of India Limited (MCX) respectively. Dubai Gold and Commodities Exchange (DGCX), our international platform for trading in commodity and currency derivatives, also received the ISO/IEC 27001:2005 certification for management of information security and protection of information assets.

The software business has grown at a healthy rate of 27% quarter on quarter basis in line with our licenses growth owing to the overwhelming response from our loyal customers.

It is happy to note that MCX has been awarded empi Indian Express Innovation award for the Innovative application of technology and establishing facilities to ensure dispersion of information and price transparency

In all, it has been another chapter in the virtuous self fuelling growth story of Financial Technologies!

Key Business Highlights

Financial Technologies (India) Limited has reported total income of Rs.7192 million for the quarter ended December 31, 2007, a growth of 1159% as compared to Rs.571 million for the quarter ended December 31, 2006. EBITDA margin stood at 97% and PAT has grown to Rs.5369 million as compared to Rs.374 million for the same period, a growth of 1337%.

The cumulative number of licenses has grown by 27% from 225,000 as on September 30, 2007 to 284,000 as on December 31, 2007.

Standalone Results:

Q3 FY2007-08 (October – December 2007) vs. Q3 FY2006-07 (October – December 2006)

· The total income increased by 1159% to Rs.7192 million in Q3FY2007-08 as compared to Rs.571 million in Q3 FY2006-07.

· EBITDA has increased by 1479% to Rs.6970 million in Q3 FY2007-08 as compared to Rs.442 million in Q3 FY2006-07.

· EBITDA margin has increased to 97% in Q3 FY2007-08 as compared to 77% in Q3 FY2006-07.

· PBT was up by 1484% to Rs.6936 million in Q3 FY2007-08 as compared to Rs.438 million in Q3 FY2006-07.

· PAT expanded by 1337% at Rs.5369 million in Q3 FY2007-08 as compared to Rs.374 million in Q3 FY2006-07.

9M FY2007-08 (April – December 2007) vs. 9M FY2006-07 (April – December 2006)

· The total income increased by 958% to Rs.12833 million in 9M FY2007-08 as compared to Rs.1213 million in 9M FY2006-07.

· EBITDA has gone up by 1315% to Rs.12215 million in 9M FY2007-08 as compared to Rs.863 million in 9M FY2006-07.

· EBITDA margins has increased to 95% in 9M FY2007-08 as compared to 71% in 9M FY2006-07.

· PBT was up by 1321% to Rs.12115 million in 9M FY2007-08 as compared to Rs.853 million in 9M FY2006-07.

· PAT has increased exponentially by 1171% at Rs.9364 million in 9M FY2007-08 as compared to Rs.737 million in 9M FY2006-07.

Sourced from: Financial Technologies (India) Ltd

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