Financial Services company KFIN Technologies announced Q1FY25 results: Financial Highlights: Revenue from operations stood at Rs 2,375.6 million, up 30.9% YoY International and other investor solutions revenue up by 56.6% YoY; VAS revenue up by 49.6% YoY EBITDA stood at Rs 996.6 million, up 41.5% YoY, EBITDA margin at 42.0% PAT at Rs 680.7 million, up 56.9% YoY, PAT margin at 28.7% Diluted EPS stood at Rs 3.94, up 57.2% YoY Cash and cash equivalents at Rs 4,519.3 million as on June 30, 2024 Operations Highlights: Overall AAUM growth at 41.3% YoY vs. 36.9% for the industry, market share at 32.3% Equity AAUM growth at 51.5% YoY 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 AMFI 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% YoY to Rs 1.2 trillion ; Won 17 new AIF funds including from IKIGAI, EAAA, Invesco, Barings, ASK, Kotak and Northern Arc; Won contracts 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% YoY vs. 12.0% YoY 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 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." Result PDF
Financial Services company KFIN Technologies announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from operations stood at Rs 2,283.4 million, up 24.7% YoY EBITDA stood at Rs 1,046.0 million, up 24.8% YoY, EBITDA margin at 45.8% PAT at Rs 744.7 million, up 30.6% YoY, PAT margin at 32.6% Diluted EPS stood at Rs 4.32, up 30.2% YoY FY24 Financial Highlights: Revenue from operations stood at Rs 8,375.3 million, up 16.3% YoY International and other investor solutions revenue up by 35.3% YoY; VAS revenue up by 32.8% YoY EBITDA stood at Rs 3,666.0 million, up 23.0% YoY, EBITDA margin at 43.8% PAT at Rs 2,460.5 million, up 25.7% YoY, PAT margin at 29.4% Diluted EPS stood at Rs 14.34, up 24.5% YoY Cash and cash equivalents at Rs 4,011.6 million as on March 31, 2024 Dividend of Rs 5.75 per share proposed and declared by the board, subject to shareholders’ approval Non-domestic mutual fund revenue share in overall revenue is at 31% in FY24 Commenting on the company’s performance, Sreekanth Nadella, Managing Director and CEO, KFin Technologies Limited, “We are delighted to announce another quarter and a full year of strong performance marked by consistent growth and enhanced profitability across our diverse business verticals. Our steadfast commitment to excellence in execution led by our innovative solutions and exceptional talent have been instrumental in driving this success. The year witnessed a notable uptick in our new client wins and international market engagements, underpinned by a swelling pipeline of deals. This bodes well for our sustained growth trajectory and reaffirms our commitment to become a global fund administrator to service the burgeoning landscape of asset management industry, both in India and globally. Looking ahead, we remain committed to driving innovation, forging strategic partnerships, and delivering sustainable value to our stakeholders." Result PDF
Conference Call with KFIN Technologies Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with KFIN Technologies Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.