Financial Technologies, the promoter of commodity exchange MCX, posted a nine per cent rise in its standalone (excluding capital gain on shares, diminution in investments and exception items) net profit at Rs 206 crore for the year ended March 31, compared with Rs 189.4 crore in the previous year.
Total income from operations rose 7 per cent to Rs 357.7 crore from Rs 333 crore in 2009-10, while EBIDTA margin for the year increased by 11 per cent to Rs 242.2 crore from Rs 217.6 crore in 2009-10. The company’s board recommended a dividend of 100 per cent on the face value of Rs 2 per share.
“This has been a year of execution for us. Three of our international exchanges went live this year — SMX in Singapore, GBOT in Mauritius and BFX in Bahrain...We are positive on the potential opportunity of these exchanges in their economies,” said Director Dewang Neralla.