Financial Services company KFin Technologies announced Q3FY24 and 9MFY24 results: Quarterly Financial Highlights Q3FY24 Revenue from Operations: Rs 2,187.2 million, with a YoY increase of 16.3%. EBITDA: Rs 979.0 million, up by 21.3% from the previous year, boasting an EBITDA margin of 44.8% compared to 42.9% in Q3FY23. Profit After Tax (PAT): Reaches Rs 668.3 million, marking a rise of 25.2% YoY, resulting in a PAT margin of 30.6%, which is an improvement from the 28.4% in the same quarter last year. Diluted EPS: Stands at Rs 3.88, indicating a growth of 23.1% YoY. 9-Month Financial Highlights (9MFY24) Revenue from Operations: Stood at Rs 6,091.9 million, representing a growth of 13.5% YoY. EBITDA: Amounted to Rs 2,619.9 million, which is up by 22.3% from the previous year, with an EBITDA margin of 43.0%, comparing favorably to 39.9% in 9MFY23. Profit After Tax (PAT): Grew by 23.7% YoY to Rs 1,715.8 million, with a PAT margin increase to 28.2% from 25.8%. Diluted EPS: Increased by 21.9% YoY to Rs 10.00. Cash and Cash Equivalents: Recorded at Rs 3,134.3 million as of December 31, 2023. Business Highlights AAUM Growth: Reported a YoY growth of 22.7%, surpassing the industry's growth, with a market share of 31.8%. Equity AAUM Growth: Achieved a 24.2% growth YoY, with a market share of 33.5%. Client & Folio Additions: Added 170 new corporate clients and five million investor folios under issuer solutions within the quarter. Non-domestic Mutual Fund Revenue: Share of overall revenue stands at 31% for the 9-month period of FY24. International Expansion: Notably, secured RTA and FA contracts in Malaysia and the Middle East, as well as added international clients, bringing the total to 544. Technology Advancements: Launched XAlt, a state-of-the-art fund administration platform. Sreekanth Nadella, Managing Director and CEO of KFin Technologies, stated, "We are excited to deliver yet another quarter of strong performance in terms of growth as well as profitability driven by a 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 global asset managers using its state-of-the-art technology stack and innovative value-added solutions. With the launch of the industry's 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." Result PDF