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."