Kfin Technologies Limited — Investor Meet, 06-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

KFin Technologies has announced a board meeting to consider the financial results for the quarter and half-year.

KFin reported Q4 consolidated revenue of Rs.283 Cr, up 24% YoY, with EBITDA rising 17% to Rs.122 Cr (43.2% margin) and PAT up 14.5% to Rs.85 Cr (30% margin). FY25 revenue crossed Rs.1,100 Cr, growing nearly 30%, driven by mutual funds, pensions, and alternatives.

International business is strong with a $25 million pipeline and 100+ contracts. The acquisition of a 51% stake in Singapore-based Ascent Fund Services will diversify offerings, expected to be margin-neutral in FY26 and accretive in FY27.

Issuer Solutions grew 20%+, adding 1,000+ corporates, with 50% coverage of NSE 500 firms; alternate investment AUM at Rs.1.5 trillion and SIP market share around 40%. Tech-led services soared 57%, backed by significant AI and cloud investments (~19% of revenue).

Management is optimistic but cautious on margin impact from investments and M&A costs. The BlackRock Aladdin partnership is progressing, targeting go-to-market shortly. Cash stands strong at Rs.660 Cr, with dividend declared at Rs.7.5/share. Guidance targets 18-20% revenue growth and 40-45% EBITDA margin in FY26.