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Jul 292 min read

STRONG PERFORMANCE ACROSS SEGMENTS LED BY NEW WINS, REVENUE AND PROFITABILITY GROWTH, AND EXPANSION IN MARGINS


STRONG PERFORMANCE ACROSS SEGMENTS LED BY NEW WINS, REVENUE AND PROFITABILITY GROWTH, AND EXPANSION IN MARGINS

 

Bengaluru, July 29, 2024: KFin Technologies Limited announced its financial results for the quarter ended 30th June 2024 today.

Financial Highlights – Q1FY25

·          Revenue from operations stood at ₹ 2,375.6 million, up 30.9% y-o-y

·          International and other investor solutions revenue up by 56.6% y-o-y; VAS revenue up by 49.6% y-o-y

·          EBITDA stood at ₹ 996.6 million, up 41.5% y-o-y, EBITDA margin at 42.0%

·          PAT at ₹ 680.7 million, up 56.9% y-o-y, PAT margin at 28.7%

·          Diluted EPS stood at ₹ 3.94, up 57.2% y-o-y

·          Cash and cash equivalents at ₹ 4,519.3 million as on June 30, 2024

Business Highlights

·         Overall AAUM growth at 41.3% y-o-y vs. 36.9% for the industry, market share at 32.3%

·         Equity AAUM growth at 51.5% y-o-y vs. 55.9% for the industry, market share at 33.4%

·         Won a data lake deal from one of the largest AMCs; Won contracts from two AMC clients and AMFI2 for development of digital assets; Won a mutual fund data services contract from a fintech platform

·         Added 248 new corporate clients and 12.2 million investor folios under issuer solutions; Market share in

·         NSE500 companies at 46.4%; New RTA mandates won during the quarter include ITC Hotels, Hyundai Motor India, Bajaj Housing Finance, BharatPe, Pinelabs, Niva Bupa Health Insurance, Honda Motorcycle and Scooter India

·         Number of international clients increased to 60; Won a fund administration contract from an AMC in

·         Malaysia; Onboarded three new clients in GIFT city including a maiden fund administration contract from a life insurance company

·         No of alternate funds at 489; Market share at 36.2%; AAUM grew 57.5% y-o-y to ₹ 1.2 trillion; Won 17

·         new AIF funds including from IKIGAI, EAAA, Invesco, Barings, ASK, Kotak and Northern Arc; Won contracts2 for wealth analytics data lake and development of digital assets from one of the largest private wealth managers in India

·         NPS subscriber base grew to 1.26 million, up 26.9% y-o-y vs. 12.0% y-o-y growth for the industry; Market share in overall subscribers’ base at 8.4% as on June 30, 2024, up from 7.4% as on June 30, 2023

Commenting on the company’s performance, Sreekanth Nadella, Managing Director and CEO, KFin Technologies Limited said, “We are pleased to report a strong start to fiscal year 2025. Throughout the quarter, we achieved significant milestones across our diverse business segments, marked by substantial new client wins, growth, and enhanced profitability. Notably, we gained significant traction in new contract sign ups in the fast-growing business lines of global fund services (international), alternatives and wealth solutions, fund administration solutions, and technology solutions. Our deep domain expertise, combined with tailored product solutions and proactive sales strategies, consistently bolster our market position in India while accelerating our growth in international markets. We stay committed in our pursuit to establish KFintech as a leading global fund administrator. Our strong operational execution, ongoing investment in cutting-edge solutions, and proactive client engagement initiatives underscore our commitment to this goal."

KEY FIGURES                                                                                                                                        ₹ million

 

 

Q1 FY25

Q4 FY24

Q1 FY24

FY24

Revenue

2,375.6

2,283.4

1,815.0

8,375.3

EBITDA

996.6

1,046.0

704.3

3,665.9

EBITDA margin %

42.0%

45.8%

38.8%

43.8%

Profit After Tax (PAT)

680.7

744.7

433.8

2,460.5

PAT margin %

28.7%

32.6%

23.9%

29.4%

Diluted EPS (₹)*

3.94

4.32

2.51

14.34

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