Financial Technologies India Ltd (FTIL) today reported a net profit of Rs 12.36 crore for the quarter ended June.
The company had posted a net loss of Rs 45.32 crore in the year-ago period, FTIL said in a filing to the BSE.
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 has posted a net profit in this quarter on account of sharp jump in the other income to Rs 62.74 crore during April-June quarter of this fiscal from Rs 3.30 crore in the year-ago period.
Other income comprised interest income and change in fair value of investments.
FTIL, whose name has been changed to 63 moons technologies Ltd, is fighting legal battles in courts in relation to Rs 5,600 crore payment defaults in the National Spot Exchange Ltd (NSEL).
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
