Financial Technologies has reported a net profit of Rs 282 crore for the fourth quarter ended March 31, 2012. It had reported a net loss of Rs 116 crore in the corresponding quarter last year.
The company’s total income grew 23 per cent to Rs 501 crore for FY12 against last year. For the year ended March 31, 2012, Financial Technologies reported a net profit of Rs 163 crore against a net loss of Rs 198 crore in the same period last year.
The stock was trading at Rs 601, up 4 per cent from its previous close on the BSE.