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Kfin Technologies Q1 Results Revenue Reaches ₹2,375.62 Million, Net Profit Hits ₹680.72 Million
KFin Technologies Q1 Results revealed a 4.56% QoQ increase in Total Income to ₹2,456.48 million, with KFin Technologies Q1 Results showing an Operating Profit of ₹84.89 Cr., a Profit After Tax of ₹680.72 million, and an Operating Margin of 35.73%.
by P Nandhini
Updated Sep 19, 2024
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Table of Content
KFin Technologies Q1 Results Live: KFin Technologies announced their Q1 results on September 19, 2024, showing a significant performance snapshot for the quarter ended June 30, 2024. The company reported a revenue from operations of ₹2,375.62 million, which marks a 4.03% increase compared to ₹2,283.41 million in Q4 2023.
Their total income also grew by 4.56% from the previous quarter, reaching ₹2,456.48 million. Despite this growth in income, the company's total expenses rose by 10.28% QoQ to ₹1,538.42 million, driven by higher employee benefits and finance costs.
In terms of profitability, KFin Technologies saw a decrease in profit before tax, which was ₹918.06 million, reflecting a 3.83% decline in QoQ from ₹954.72 million in the previous quarter. The net profit for the period was ₹680.72 million, down 8.59% QoQ from ₹744.68 million.
Earnings per share also decreased to ₹3.98 basic and ₹3.94 diluted, showing a decline from the last quarter's figures. Overall, while the company managed to increase its income, the rise in expenses and decrease in profit highlight the challenges faced during the quarter.
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Kfin Technologies Q1 Results 2024 - 2025
Here’s a summary of KFin Technologies’ Q1 results for the quarter ending June 30, 2024:
The company reported mixed performance metrics compared to the previous quarter. While income increased, expenses also rose, impacting overall profitability. Below is a detailed breakdown of the key financial figures:
| Particulars | June 30, 2024 (Unaudited) | March 31, 2024 (Audited) |
|---|---|---|
| Revenue from Operations | ₹2,375.62 million | ₹2,283.41 million |
| Other Income | ₹80.86 million | ₹65.96 million |
| Total Income | ₹2,456.48 million | ₹2,349.37 million |
| Employee Benefits Expense | ₹958.36 million | ₹850.29 million |
| Finance Costs | ₹11.65 million | ₹11.13 million |
| Depreciation, Amortization, and Impairment Expense | ₹147.78 million | ₹146.13 million |
| Other Expenses | ₹420.63 million | ₹387.10 million |
| Total Expenses | ₹1,538.42 million | ₹1,394.65 million |
| Profit Before Tax | ₹918.06 million | ₹954.72 million |
| Share of Loss of Associate (net of tax) | (₹11.00 million) | - |
| Profit for the Period | ₹680.72 million | ₹744.68 million |
| Total Comprehensive Income | ₹680.81 million | ₹725.75 million |
| Earnings Per Share (Basic) | ₹3.98 | ₹4.36 |
| Earnings Per Share (Diluted) | ₹3.94 | ₹4.32 |
| Paid-Up Equity Share Capital | ₹1,713.20 million | ₹1,709.89 million |
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Kfin Technologies Current Market Overview
KFin Technologies is currently trading at ₹1,013 per share, reflecting a drop of 3.44%. The company has a market capitalization of ₹17,358 crore. Over the past year, the stock has reached a high of ₹1,189 and a low of ₹425.
With a price-to-earnings ratio of 64.1, KFin Technologies shows a strong return on capital employed (ROCE) of 30.3% and a return on equity (ROE) of 24.5%. The company’s book value per share is ₹66.7, and it offers a dividend yield of 0.54%.
| Metric | Value |
|---|---|
| Current Price | ₹1,013 |
| Change | -3.44% |
| Market Cap | ₹17,358 Cr. |
| High / Low | ₹1,189 / ₹425 |
| Stock P/E | 64.1 |
| Book Value | ₹66.7 |
| Dividend Yield | 0.54% |
| ROCE | 30.3% |
| ROE | 24.5% |
| Face Value | ₹10.0 |
Quarterly Results
Here’s a summary of KFin Technologies’ quarterly results for the periods ending December 2023, March 2024, and June 2024:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales | ₹219 Cr | ₹228 Cr | ₹238 Cr |
| Expenses | ₹121 Cr | ₹125 Cr | ₹138 Cr |
| Operating Profit | ₹98 Cr | ₹104 Cr | ₹100 Cr |
| Operating Profit Margin (OPM) | 45% | 45% | 42% |
| Other Income | ₹6 Cr | ₹7 Cr | ₹8 Cr |
| Interest | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Depreciation | ₹13 Cr | ₹15 Cr | ₹15 Cr |
| Profit Before Tax | ₹89 Cr | ₹94 Cr | ₹92 Cr |
| Tax Percentage | 25% | 21% | 26% |
| Net Profit | ₹67 Cr | ₹74 Cr | ₹68 Cr |
| Earnings Per Share (EPS) | ₹3.92 | ₹4.36 | ₹3.97 |
About Kfin Technologies
KFin Technologies is a financial services company that provides a wide range of software and solutions to clients both in India and internationally. They specialize in managing investments and issuer services, offering platforms for mutual funds, ETFs, pensions, and more.
The company is known for its secure and scalable technology, which includes mobile-first and cloud-ready frameworks. KFin Technologies also helps businesses with digital transformation, compliance, and data analytics, serving thousands of corporates and clients in over ten countries.
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Kfin Technologies Q1 Results - FAQs
1. What is KFin Technologies’ revenue from operations for Q1 2024?
KFin Technologies reported revenue from operations of ₹2,375.62 million for Q1 2024.
2. How much did KFin Technologies' total income grow in Q1 2024?
KFin Technologies' total income grew by 4.56% in Q1 2024.
3. What were KFin Technologies' total expenses for Q1 2024?
KFin Technologies' total expenses for Q1 2024 were ₹1,538.42 million.
4. How did KFin Technologies' profit before tax change in Q1 2024?
KFin Technologies’ profit before tax decreased by 3.83% in Q1 2024.
5. What was the net profit of KFin Technologies for Q1 2024?
The net profit of KFin Technologies for Q1 2024 was ₹680.72 million.
6. What is the operating margin of KFin Technologies for Q1 2024?
KFin Technologies’ operating margin for Q1 2024 was 35.73%.
7. How did KFin Technologies' earnings per share (basic) change in Q1 2024?
KFin Technologies’ earnings per share (basic) decreased to ₹3.98 in Q1 2024.
8. How much did KFin Technologies’ other income increase in Q1 2024?
KFin Technologies’ other income increased to ₹80.86 million in Q1 2024.
9. What were the finance costs for KFin Technologies in Q1 2024?
The finance costs for KFin Technologies in Q1 2024 were ₹11.65 million.
10. What is the total comprehensive income for KFin Technologies in Q1 2024?
The total comprehensive income for KFin Technologies in Q1 2024 was ₹680.81 million.
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