ftil-group

 A recent revenue reportgeneratedby Financial Technologies (India) Limited (FTIL) registersa net profit of Rs 12.36 crorein the April-June 2016quarter.
 The fact that FTIL incurred a loss of Rs 45.3 crore in the same quarter a year ago makes this turnaround aremarkable achievement.
 This first positive accomplishment for FT Group in seven quarters resulted from a rise in operational income from Rs 35 crore in the first quarter of 2015 to Rs 35.94 crore in the corresponding period of this fiscal.
 The sharp jump in ‘other income’ from Rs 3.30 crore last year to Rs 62.74 crore in April-June quarter of 2016 puts FTIL in great light before all those who were skeptical of the group’s mettle.
 The current hikein profits validates FTIL’s resolution of fighting an unfair litigation and shining even intough times.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s