Other Financial Services company KFIN Technologies announced Q1FY24 results: Revenue from operations stood at Rs 1,815 million, up 7.6% YoY EBITDA stood at Rs 704.3 million, up 12.8% YoY EBITDA margin at 38.8% in Q1FY24 vs. 37.0% in Q1FY23 PAT at Rs 433.8 million, up 15.9% YoY PAT margin at 23.9% in Q1FY24 vs. 22.2% in Q1FY23 Diluted EPS stood at Rs 2.51, up 13.3% YoY Cash and cash equivalents at Rs 3,197.6 million as on June 30, 2023 Non-domestic mutual fund revenue share in overall revenue is at 29% in Q1FY24 Overall AAUM growth at 14.5% YoY vs. 14.2% for the industry, market share at 31.3% Equity AAUM growth at 15.5% YoY vs. 17.3% for the industry, market share at 34.4% New client Bajaj Finserv Asset Management Ltd went live in June 2023 Added 158 new corporate clients under issuer solutions, managed 4 out of 7 mainboard IPOs during the quarter, and market share in NSE500 companies at 46.5% Commenting on the company’s performance, Sreekanth Nadella, Managing Director and CEO, KFin Technologies said, “We continue to execute our business plans with a strong and definitive focus on building a diversified global fund administrator. Our growth continues to be a secular one with strong performance across business lines aiding a better first quarter, weighed against our estimations, in terms of sales, revenue, and margin delivery. With an excellent sales performance in the first quarter and a strong pipeline, we are confident of yielding better performance from all the business lines especially from the younger and faster growing segments as we move into the subsequent quarters. Our recent wins in Canada, Singapore, and Thailand are testimony to our technology platform finesse and strong business development efforts to position KFintech as a global fund administrator from India.” “KFintech is a technology-led platform-based company and we are committed to using frugal and agile engineering to build innovative solutions for global asset managers by running an efficient and optimized operation.” He added. Result PDF
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