Financial Technologies (India) Limited (Financial Technologies), India’s leading technology solutions provider for equity, commodities, forex and bond markets, today announced its audited financial results for the financial year that ended on March 31, 2008.

Commenting on another stand-out year for Financial Technologies, Mr. Dewang Neralla, Whole Time Director, said: “Our robust business model coupled with high growth both in our exchange ventures and software has given us the pole position to capitalize on the value we build in our ventures. In February this year, NYSE Euronext made its foray into the Indian commodity market by signing a term sheet agreement to acquire five percent equity stake in MCX. On the other hand, NBHC, our emerging high growth business, had a stellar performance in FY 2007-08, with a network of more than 3,300 storage facilities spread across many states along with the inclusion of storage facilities under collateral management. This platform has also facilitated funding worth Rs. 4,000 crores out of which Rs. 300 crores funding was facilitated to over 22,000 farmers making NBHC the only player to provide an end to end solution in warehousing and bulk handling of agri commodities in India.

On our technology business front, we had a healthy year on year license growth of 95%. Today we are proud to have a strong presence in the brokerage community with over 860 brokerage houses using our technology Intellectual Property covering all stages of a trade life cycle (TLC)-Pre-Trade, Trade, and Post-Trade-to deliver a single point transaction fulfillment

On the corporate development front, we have set up an Independent Advisory Board that has been constituted under the chairmanship of Mr. Narayanan Vaghul and comprises of highly accomplished industry leaders such as Dr. S Narayan, Mr. G. N. Bajpai and Mr. Kiran Karnik.

Overall, it has been all round achievements at Financial Technologies and we are happy to announce that we have won the ‘NASSCOM Innovation Award 2008’ for the best-of the-best innovators within the Indian IT-BPO Industry and the ‘Global HR Excellence Award 2007-08’ for our innovative HR practices.”

Key Business Highlights

During the year that ended on March 31, 2008, the net installed base of licenses has substantially grown by 95% to 3,20,000 as compared to 1,64,000 for March 31, 2007.

Standalone Results:

FY2007-08 (April-March 2008) vs. FY2006-07 (April-March 2007)

The total income increased by 674% to Rs. 13,475 million in FY2007-08 as compared to Rs. 1,741 million in FY2006-07.
EBITDA has shot up by 957% to Rs. 12,548 million in FY2007-08 as compared to Rs. 1,187 million in FY2006-07.
EBITDA margin has increased to 93% in FY2007-08 as compared to 68% in FY2006-07.
PBT up by 941% to Rs. 12,415 million in FY2007-08 as compared to Rs. 1,193 million in FY2006-07.
PAT increased by 855% at Rs. 9,613 million in FY2007-08 as compared to Rs. 1,006 million in FY2006-07.
Diluted EPS for the year increased to Rs. 208.10 from Rs. 20.91 for the previous year.

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