Stock hits fresh 52-week high as Q4 profit soars 31 per cent to Rs 74 crore: Investors celebrate Rs 5.75 dividend!
Company demonstrated robust growth in its Assets under Administration (AAUM), marking a 35.5 per cent year-on-year increase compared to the industry's 33.6 per cent.
Today, the shares of KFin Technologies Limited zoomed 6.48 per cent. Additionally, the stock hits fresh 52-week high mark of Rs 763.40 apiece on BSE. Furthermore, the scrip witnessed a spurt in volume by more than 3.72 times. The company's current market capitalization standing at Rs 12,832.70 crore.
Share Performance:
On Tuesday, the stock opened at Rs 742.35, with the previous closing being Rs 704.85. The 52-week high and low are Rs 763.40 and Rs 299.10, respectively as per BSE.
The company has recently released its financial results for FY2024, and here are some key details:
- Revenue from operations surged by 24.7 per cent year-on-year, reaching Rs 228.34 crore.
- EBITDA experienced a similar uptrend, standing at Rs 104.60 crore, marking a 24.8 per cent increase from the previous year, with an EBITDA margin of 45.8 per cent.
- Profit after tax (PAT) showed significant growth, reaching Rs 74.47 crore, up by 30.6 per cent YoY, with a PAT margin of 32.6 per cent.
- Diluted earnings per share (EPS) also saw a substantial rise, standing at Rs 4.32, marking a 30.2 per cent increase from the previous year.
- Shareholders received positive news as the company's board announced a dividend of Rs 5.75 per equity share for the fiscal year 2024.
In terms of business performance, KFintech demonstrated robust growth in its Assets under Administration (AAUM), marking a 35.5 per cent year-on-year increase compared to the industry's 33.6 per cent. The company's market share reached 32.1 per cent. Specifically, its Equity AAUM saw significant growth of 43.2 per cent YoY, slightly trailing behind the industry's 48.2 per cent, with a market share of 33.4 per cent.
Notable achievements include securing its first datalake deal from a non-KFintech AMC client, winning a contract for digital asset development from an AMC client, and securing contracts from leading Big 4 accounting firms for its Guardian insider trading platform. Additionally, the company developed the SUPTECH platform, a portal for Alerts, Reports, and Analytics for SEBI (P.A.R.A.S).
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About company:
KFin Technologies Limited stands at the forefront of technology-driven financial services, offering a diverse range of solutions to asset managers and corporate issuers across various asset classes in India. Additionally, it extends its expertise in investor solutions, facilitating transaction origination and processing for mutual funds and private retirement schemes in Malaysia, the Philippines, and Hong Kong.
Business Development:
The geographical distribution of KFin Technologies Limited's operations reveals a significant focus on India, which accounts for 89.3 per cent of its activities. Additionally, the company has a presence in the USA, constituting 4.82 per cent of its operations, while Canada and other regions collectively contribute 0.09 per cent and 5.79 per cent, respectively.
Furthermore, the stock has experienced significant buying activity, yielding multibagger returns of more than 138 per cent in the last one year.
Disclaimer: The article is for informational purposes only and not investment advice.