The shares of the financial service provider gained up to 8 percent after the company’s net profit and revenue increased by 30 percent and 24 percent YoY, respectively in the fourth quarter.
With a market capitalization of Rs 12,808 crore, the shares of KFin Technologies Ltd closed at Rs 749.65 per share, increasing around 6.36 percent as compared to the previous closing price of Rs 704.85 apiece.
Looking into the company’s performance, KFin Technologies Ltd’s revenue increased by 4 percent on a quarter-on-quarter basis from Rs. 219 crore in Q3FY24 to Rs. 228 crore in Q4FY24. Further, revenue increased by 24 percent year on year, from Rs. 183 crore in Q4FY23 to Rs. 228 crore in Q4FY24.
KFin Technologies Ltd’s net profit increased by 10 percent on a quarter-on-quarter basis, from Rs. 67 crore in Q3FY24 to Rs. 74 crore in Q4FY24. Further, net profit increased by 30 percent year on year from Rs. 67 crore in Q4FY23 to Rs. 74 crore in Q4FY24.
The stock has delivered returns of 65.54 percent in the last six months and a multi-bagger return of 148.67 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 2.48 lakh in a year.
The company’s profitability measures show a decline in return on equity (RoE) from 22.53 percent in FY 21-22 to 21.49 percent in FY 21-22, while, during the same period return on capital employed (RoCE) decreased from 26.53 percent to 25.60 percent. In contrast, the net profit margin (NPM) was 30.26 percent in fiscal year 21-22.
In the company’s recent shareholding pattern, the Promoters of the company own 38.97 percent while Retail shareholders own a 23.31 percent stake in the company, and Foreign Institutional Investors own a 16.73 percent stake.
KFin Technologies Limited provides asset managers and corporate issuers with services and solutions across asset classes, as well as investor solutions such as transaction origination and processing for mutual funds and private retirement plans in Malaysia, the Philippines, and Hong Kong.
Written by:- Abhishek Singh
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