KFin Technologies Limited, a key player in the financial services sector, reported robust growth in its financial results for the second quarter ended September 30, 2024. However, despite strong earnings, the company’s shares fell by nearly 3% in early trading today.
Key Financial Highlights
- Revenue: KFin Technologies reported a 35% year-on-year increase in revenue, reaching ₹291 crore in Q2 FY25, compared to ₹215 crore in the same period last year.
- Sales: Sales for the quarter stood at ₹280 crore, up from ₹208 crore in Q2 FY24, showing a growth of 34%.
- Net Income: Net income rose by 45% year-on-year, totaling ₹89.32 crore for the quarter, up from ₹61.37 crore in the previous year.
- Earnings Per Share (EPS): The basic EPS from continuing operations increased to ₹5.21, compared to ₹3.62 a year ago. Diluted EPS from continuing operations also saw growth, reaching ₹5.16 from ₹3.58 in Q2 FY24.
H1 FY25 Performance
For the first half of FY25, KFin Technologies continued its growth momentum:
- Revenue: Increased by 33% year-on-year to ₹536.67 crore from ₹402.09 crore in H1 FY24.
- Net Income: Up 50% year-on-year, totaling ₹157.39 crore compared to ₹104.75 crore last year.
- Basic EPS: Improved to ₹9.19, from ₹6.17 in H1 FY24, while diluted EPS rose to ₹9.11 from ₹6.11.
Despite the strong financial performance, the market reaction remained negative as the stock traded lower, potentially due to broader market trends or profit-booking. Analysts are closely watching the company’s progress as it sustains growth in a competitive financial services landscape.
TOPICS:
KFin Technologies