Financial Technologies, India has announced its financial results for third quarter on Sunday. The firm reported 53 per cent increase in net profit for the third quarter of current financial year. Its PAT stood at Rs 43.2 crore in the reporting quarter as compared to Rs 28.3 crore in the same period last year.

The whole time director of firm, Dewang Neralla said, "Despite the challenging global financial environment, we are able to maintain the robustness of our business model. We will continue to leverage our economies of scale in technology, trade and post-trade transaction lifecycle to create the most efficient network of exchanges."

The company also witnessed increase in operation revenue despite tight economic conditions and global meltdown. Operating revenue increased to Rs 62.4 crore as against Rs 39.4 crore, registering 58 per cent increase as compared to operating revenue in Q3 last year. Its total income, other than PDI, also increased 69 per cent and stood at Rs 105.4 crore.

Meanwhile, the board of company has announced dividend of 100 per cent per share of Rs 2 in its recent meeting.

An independent director of company, P G Kakodkar said, "The strong performance of the company reaffirms the fact that companies with solid cash flow and sound corporate governance will continue to perform against any economic slowdown long term."