KFin Technologies Ltd Share Price – NSE  /  BSE

Financial Services, Small Cap

KFin Technologies has allotted 35,352 equity shares under ESOP on 22 April 2024. Consequently, the paid up equity share capital has increased to Rs. 171,02,40,250 comprising of 17,10,24,025 equity shares of face value Rs. 10 each.

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KFin Techs. will hold a meeting of the Board of Directors of the Company on 29 April 2024.

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Revenue from operation increased 16.26% to Rs 218.71 crore in Q3 FY24 as compared with Rs 188.12 crore recorded in Q3 FY23.

As compared to Q2 FY24, the company's net profit rose 8.87% while revenue from operation increased 4.66% in Q3 FY24.

Profit before tax stood at Rs 89.44 crore in the quarter ended 31 December 2023, up 25% as against Rs 71.49 crore recorded in Q3 FY23.

EBITDA stood at Rs 97.90 crore in Q3 FY24, registering a growth of 21.3% as against Rs 80.70 crore recorded in Q3 FY23. EBITDA margin rises to 44.8% in Q3 FY24 as against 42.9% registered in Q3 FY23.

On the segmental front, revenue from domestic mutual fund investor solutions stood at Rs 151.53 crore (up 16.93% YoY), issuer solution stood at Rs 37.51 crore (up 21.68% YoY), international and other investor solutions was at Rs 21.59 crore (up 28.26% YoY) and global business services stood at Rs 8.06 crore (down 25.78% YoY) during the quarter.

Sreekanth Nadella, managing director and CEO, KFin Technologies said, “We are excited to deliver yet another quarter of strong performance in terms of growth as well as profitability driven by strong focus on execution across our diversified business segments. We have a strong pipeline of deals in the international markets which we believe will propel our overall growth. KFintech is uniquely positioned to offer full-suite of fund administration services to the global asset managers using its state-of-the-art technology stack and innovative value-added solutions.

With the launch of the industry first platform XAlt, KFintech aims to set new standards in the global fund administration space to offer fully automated system to global alternate asset managers that aligns with the evolving requirements. India’s alternate asset management industry is at an inflection point and with global industry too expected to grow at a rapid pace, KFintech is well poised to seize the opportunity leveraging its product suite and sales efforts.”

KFin Technologies is engaged in providing service of registrar to the public issue of securities, registrar to the securities transfers, and back office operations to mutual fund houses and data processing activities.

The scrip hit an all time high at Rs 568 in intraday today.

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Net profit of KFin Technologies rose 25.20% to Rs 66.83 crore in the quarter ended December 2023 as against Rs 53.38 crore during the previous quarter ended December 2022. Sales rose 16.26% to Rs 218.72 crore in the quarter ended December 2023 as against Rs 188.13 crore during the previous quarter ended December 2022.

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