FTIL surges 14 pc as firm returns to profit

Shares of Financial Technologies India Ltd (FTIL) today surged nearly 14 per cent after the company reported a net profit of Rs 12.36 crore for the June quarter.
The scrip soared 13.32 per cent to settle at Rs 88.50 on BSE. Intra-day, it zoomed 19 per cent to Rs 93.
At NSE, shares of the company jumped 13.58 per cent to close at Rs 88.60.
The company's market valuation rose by Rs 48.8 crore to reach Rs 407.80 crore.
In terms of volume, 11.43 lakh shares of the company were traded on BSE and over 53 lakh shares changed hands at NSE during the day.

The company had posted a net loss of Rs 45.32 crore in the year-ago period, FTIL said in a BSE filing yesterday.
Income from operations rose marginally to Rs 35.94 crore during the first quarter of this fiscal from Rs 35 crore in the corresponding period of the previous fiscal.
The company posted a net profit on account of sharp jump in other income to Rs 62.74 crore during April-June quarter of this fiscal from Rs 3.30 crore in the year-ago period.