KFin Technologies’ share price jumped nearly 13% on January 24 after positive Q3FY25 results. The company’s revenue from operations rose 32.6 percent year-on-year (YoY) to ₹2,900.2 million. PAT, at ₹901.8 million, grew 34.9 percent YoY. PAT margin for the quarter stood at 31.1 percent.
KFin Technologies’ share price surged almost 13 percent in intraday trade on BSE on Friday, January 24, a day after the company reported its December quarter results. KFin Technologies’ share price opened at ₹1,144.80 against its previous close of ₹1,104.80 and surged 12.7 percent to the level of ₹1,245.45. The stock, however, pared gains and traded 5.82 percent up at ₹1,169.10 around 10:15 AM.
KFin Technologies Q3 Result
After market hours on January 23, KFin Technologies announced a healthy set of numbers for the October-December quarter of the current financial year (Q3FY25).
The company’s revenue from operations rose 32.6 percent year-on-year (YoY) to ₹2,900.2 million. PAT, at ₹901.8 million, grew 34.9 percent YoY. PAT margin for the quarter stood at 31.1 percent.
EBITDA for the quarter stood at ₹1,305.5 million, up 33.4 percent YoY, while EBITDA margin came at 45 percent.
“Our focus on consistent growth and profitability has led to yet another quarter of resilient performance, aided by new client wins internationally and domestically, across our diversified business segments,” said Sreekanth Nadella, Managing Director and CEO of KFin Technologies.
“This is a milestone quarter for KFintech, as we took a giant step in our international journey by joining as the ninth global partner to BlackRock’s Aladdin Provider network, a growing community of the world’s largest asset servicers. This will enable us to strengthen our differentiated fund administration and accounting services to global large asset managers,” said Nadella.
KFin Technologies shares have seen solid gains of over 100 percent over the last year. It hit a 52-week low of ₹538.65 on January 25 and a 52-week high of ₹1,640 on December 30 last year.
The stock has been witnessing profit booking after hitting a 52-week high last month. On a monthly scale, it has been down 24 percent in January after a 32 percent gain in December.
