Conference Call with KFIN Technologies Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Financial services company KFIN Technologies announced Q4FY23 & FY23 results: Financial Highlights – FY23 Revenue from operations stood at Rs 7,200.3 million, a growth of 12.6% YoY PAT at Rs 1,957.4 million, up 31.8% YoY, PAT margin at 27.2% EBITDA stood at Rs 2,980.4 million, up 3.5% YoY EBITDA margin at 41.4% Diluted EPS stood at Rs 11.52, up 23.1% YoY Cash and cash equivalents at Rs 3,090.9 million as on Mar 31, 2023 Non-domestic mutual fund revenue share in overall revenue improved to 29% in FY23 vs. 26% in FY22 Financial Highlights – Q4FY23 Revenue from operations stood at Rs 1,831.3 million, up 1.3% YoY and down by 2.7% QoQ EBITDA stood at Rs 838.4 million, up 0.1% YoY and 3.9% QoQ, EBITDA margin at 45.8% PAT at Rs 570.2 million, up 12.1% YoY and 6.8% QoQ, PAT margin at 31.1% Diluted EPS stood at Rs 3.32, up 3.6% YoY and 5.2% QoQ Commenting on the company’s performance, Sreekanth Nadella, Managing Director and CEO, KFin Technologies Limited said, “Financial year 2022-23 has been a landmark year in KFintech’s journey, as we successfully listed the Company on the Indian stock exchanges. We have hastened the implementation of our strategy to diversify and broad base growth by investing in our younger and faster-growing businesses across geographies. We successfully integrated Hexagram’s fund administration capabilities to win new clients in India and abroad to expedite our aspirations to be globally relevant. We invested in two new businesses - OneMoney and WebileApps, to make major strides in the evolving ecosystem of the account aggregator industry and to consolidate our digital prowess to add differentiating value to our clients, partners, and shareholders. Our commitment to talent engagement coupled with frugal and effective engineering practices have helped us close the fiscal year characterized by volatile markets and inflationary trends on a satisfactory note.” Result PDF