KFINTECHNSEQ4FY25April 28, 2025

Kfin Technologies Limited

18,010words
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Key numbers — 40 extracted
rs,
Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Symbol: KFINTECH Scrip Code: 543720 Sub. : Investor
16.3%
r and year ended 31st March 2025 today. International and other investor solutions revenue up by 16.3% y-o-y; VAS revenue up by 57.1% y-o-y Financial Highlights – Q4FY25 − Revenue from operations sto
57.1%
25 today. International and other investor solutions revenue up by 16.3% y-o-y; VAS revenue up by 57.1% y-o-y Financial Highlights – Q4FY25 − Revenue from operations stood at ₹ 2,827.0 million, up 23.
₹ 2,827.0 million
; VAS revenue up by 57.1% y-o-y Financial Highlights – Q4FY25 − Revenue from operations stood at ₹ 2,827.0 million, up 23.8% y-o-y − − EBITDA stood at ₹ 1,222.5 million, up 16.9% y-o-y, EBITDA margin at 43.2% −
23.8%
.1% y-o-y Financial Highlights – Q4FY25 − Revenue from operations stood at ₹ 2,827.0 million, up 23.8% y-o-y − − EBITDA stood at ₹ 1,222.5 million, up 16.9% y-o-y, EBITDA margin at 43.2% − PAT at ₹ 8
₹ 1,222.5 million
Q4FY25 − Revenue from operations stood at ₹ 2,827.0 million, up 23.8% y-o-y − − EBITDA stood at ₹ 1,222.5 million, up 16.9% y-o-y, EBITDA margin at 43.2% − PAT at ₹ 850.5 million, up 14.2% y-o-y, PAT margin at 30
16.9%
m operations stood at ₹ 2,827.0 million, up 23.8% y-o-y − − EBITDA stood at ₹ 1,222.5 million, up 16.9% y-o-y, EBITDA margin at 43.2% − PAT at ₹ 850.5 million, up 14.2% y-o-y, PAT margin at 30.1% − Dil
43.2%
0 million, up 23.8% y-o-y − − EBITDA stood at ₹ 1,222.5 million, up 16.9% y-o-y, EBITDA margin at 43.2% − PAT at ₹ 850.5 million, up 14.2% y-o-y, PAT margin at 30.1% − Diluted EPS stood at ₹ 4.91, up 1
₹ 850.5 million
.8% y-o-y − − EBITDA stood at ₹ 1,222.5 million, up 16.9% y-o-y, EBITDA margin at 43.2% − PAT at ₹ 850.5 million, up 14.2% y-o-y, PAT margin at 30.1% − Diluted EPS stood at ₹ 4.91, up 13.6% y-o-y International
14.2%
DA stood at ₹ 1,222.5 million, up 16.9% y-o-y, EBITDA margin at 43.2% − PAT at ₹ 850.5 million, up 14.2% y-o-y, PAT margin at 30.1% − Diluted EPS stood at ₹ 4.91, up 13.6% y-o-y International and other
30.1%
on, up 16.9% y-o-y, EBITDA margin at 43.2% − PAT at ₹ 850.5 million, up 14.2% y-o-y, PAT margin at 30.1% − Diluted EPS stood at ₹ 4.91, up 13.6% y-o-y International and other investor solutions revenue
₹ 4.91
gin at 43.2% − PAT at ₹ 850.5 million, up 14.2% y-o-y, PAT margin at 30.1% − Diluted EPS stood at ₹ 4.91, up 13.6% y-o-y International and other investor solutions revenue up 26.2% y-o-y; VAS revenue up
Guidance — 11 items
Disclaimer
opening
Additionally, 4 clients in Malaysia, 2 clients in Singapore, 3 clients in Philippines and 3 clients in Gift city yet to go live; (8) Includes stamp duty and ISIN clients; market share based on total AIFs registered with SEBI; (9) in last 5 years ended March 31, 2025; (10) Assessed by CRISIL Ratings for the year ended March 31, 2024 5 KFin Technologies Limited, Investor Presentation Q4 FY25 1.
Disclaimer
opening
Additionally, 4 clients in Malaysia, 2 clients in Singapore, 3 clients in Philippines and 3 clients in Gift city yet to go live; (5) During Apr’25; (6) Includes stamp duty and ISIN clients; market share based on total AIFs registered with SEBI; (7) End of period 7 KFin Technologies Limited, Investor Presentation Q4 FY25 1.
Disclaimer
opening
0 8.0 6.0 4.0 2.0 0.0 9.1 12.0 12.8 17.4 21.9 FY21 FY22 FY23 FY24 FY25 Equity AAUM 1 & market share2 (₹ trillion) 32.6% 34.7% 34.9% 33.8% 33.3% 4.5 6.4 7.0 12.7 10.0 FY21 FY22 FY23 FY24 FY25 35.
Clients by location
opening
to expand into fast growing global fund administration market 76 57 FY24 FY25 RTA Fund Administration 60 40 Overall AAUM3 (₹ billion) Transaction volume3 (in million) +33.5% y-o-y -1.2% q-o-q 813 614 634 609 545 3.1 3.2 +16.7% y-o-y -14.2% q-o-q 4.0 3.6 4.2 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 (1) Metric as on March 31, 2025; 31 clients in Malaysia, 2 clients in Philippines, 1 client in Hong Kong, Singapore, Thailand, Middle East and Canada each and 26 clients in Gift city.
Clients by location
opening
I I I ; ; ; \ \ \ \ FY21 FY22 FY23 FY24 FY25 ' ' ..
Clients by location
opening
▪ Post the immediate investment, KFintech and the three Ascent co-founders will be the shareholders of Ascent with KFintech becoming the sole promoter with board control.
Clients by location
opening
▪ Subsequent Investment – Residual 49% stake will be acquired over the next 5 years in 3 equal tranches of 16.33% each after the end of FY281, FY291, FY301 respectively.
Clients by location
opening
33 KFin Technologies Limited, Investor Presentation Q4 FY25 Ascent | Investment Rationale Global fund administration is a large market opportunity driven by strong tailwinds in the global alternate and private client sectors, and annuity fee-based sticky contracts.
Principal Office
opening
Items that will be subsequently reclassified to statement of profit or loss Exchange differences on translation of foreign operations Total other comprehensive loss for the quarter/ year 10 Total comprehensive income for the quarter/ year (8+9) 11 Earnings per equity share (Face value oft.
Notes
opening
Residual 49% stake will be acquired over the next 5 years in 3 equal tranches of 16.33% each after the end of financial year 2027-28, 2028-29, and 2029-30 respectively.
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Risks & concerns — 8 flagged
I CIN: L72400MH2017PLC444072 I RESILIENT PERFORMANCE AMIDST VOLATILE MARKET, AIDED BY STRONG AND DIVERSIFIED REVENUE GROWTH AND PROFITABILITY Mumbai, April 28, 2025: KFin Technologies Limited announced its financial results for the quarter and year ended 31st March 2025 today.
Registered Office
The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Principal Office
– Conclude on the appropriateness of the Management’s and Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption.
Principal Office
However, future events or conditions may cause the Group and its associate and joint venture to cease to continue as a going concern.
Principal Office
In preparing the standalone annual financial results, the Management and the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
Principal Office
The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Principal Office
– Conclude on the appropriateness of the Management’s and Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption.
Principal Office
However, future events or conditions may cause the Company to cease to continue as a going concern.
Principal Office
Speaking time
For more information please contact
2
Clients by location
2
Principal Office
2
Notes
2
Registered Office
1
Disclaimer
1
Operating segments
1
Adjustments for
1
Working capital adjustments
1
Balance with banks
1
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Opening remarks
Registered Office
301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai - 400070, Maharashtra. I CIN: L72400MH2017PLC444072 I RESILIENT PERFORMANCE AMIDST VOLATILE MARKET, AIDED BY STRONG AND DIVERSIFIED REVENUE GROWTH AND PROFITABILITY Mumbai, April 28, 2025: KFin Technologies Limited announced its financial results for the quarter and year ended 31st March 2025 today. International and other investor solutions revenue up by 16.3% y-o-y; VAS revenue up by 57.1% y-o-y Financial Highlights – Q4FY25 − Revenue from operations stood at ₹ 2,827.0 million, up 23.8% y-o-y − − EBITDA stood at ₹ 1,222.5 million, up 16.9% y-o-y, EBITDA margin at 43.2% − PAT at ₹ 850.5 million, up 14.2% y-o-y, PAT margin at 30.1% − Diluted EPS stood at ₹ 4.91, up 13.6% y-o-y International and other investor solutions revenue up 26.2% y-o-y; VAS revenue up by 53.2% y-o-y Financial Highlights – FY25 − Revenue from operations stood at ₹ 10,907.5 million, up 30.2% y-o-y − − EBITDA stood at ₹ 4,790.
Disclaimer
Certain statements that may be made or discussed in this release may be forward-looking statements and/or based on management’s current expectations and beliefs concerning future developments and their potential effects upon KFin Technologies Limited. The forward-looking statements are not a guarantee of future performance and involve risks and uncertainties and there are important factors that could cause actual results to differ, possibly materially, from expectations reflected in such forward-looking statements. KFin Technologies Limited does not intend, and is under no obligation, to update any forward-looking statement made in this release. 2 KFin Technologies Limited Investor Presentation Q4 & FY24-25 (for the quarter & year ended March 31, 2025) KFINI~C.Tti - EXPERIENCE T Safe Harbour Statement This presentation may contain certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and
Clients by location
Hongkong - x, Singapore - x, Malaysia – x, Philippines – x, Vietnam - x ▪ Number of clients increased to 76 ▪ Won a multi-year FA platform deal from a large Trustee2, a fully managed FA service deal from an AMC and a full service DTA deal from a financial intermediary in Malaysia ▪ Won a full-service TA deal from an AMC in Philippines ▪ Onboarded 3 funds in Gift City in Q4FY25, total number of funds increased to 30 ▪ KFintech entered into a definitive agreement to acquire Ascent Fund Services (Singapore) Pte. Ltd. to expand into fast growing global fund administration market 76 57 FY24 FY25 RTA Fund Administration 60 40 Overall AAUM3 (₹ billion) Transaction volume3 (in million) +33.5% y-o-y -1.2% q-o-q 813 614 634 609 545 3.1 3.2 +16.7% y-o-y -14.2% q-o-q 4.0 3.6 4.2 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 (1) Metric as on March 31, 2025; 31 clients in Malaysia, 2 clients in Philippines, 1 client in Hong Kong, Singapore, Thailand, Middle East and Canada each and 26 clients in
For more information please contact
Amit Murarka Email: InvestorRelations@kfintech.com 4 B S R and Co Chartered Accountants Salarpuria Knowledge City, Orwell B Wing, 6th Floor, Unit-3, Sy No. 83/1 Plot No. 02, Raidurg Hyderabad – 500 081, India Telephone + 91 407 182 2000 Fax + 91 407 182 2399 Independent Auditor’s Report To the Board of Directors of KFin Technologies Limited Report on the audit of the Consolidated Annual Financial Results Opinion We have audited the accompanying consolidated annual financial results of KFin Technologies Limited (hereinafter referred to as the “Holding Company”) its employee welfare trust and its subsidiaries (Holding Company, its employee welfare trust and its subsidiaries together referred to as “the Group”), its associate and its joint venture for the year ended 31 March 2025, attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,
Principal Office
14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 B S R and Co Independent Auditor’s Report (Continued) KFin Technologies Limited 12 MFC Technologies Private Limited India Joint Venture b. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and c. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of consolidated net profit and other comprehensive loss and other financial information of the Group for the year ended 31 March 2025. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Au
Principal Office
14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 B S R and Co Independent Auditor’s Report (Continued) KFin Technologies Limited standalone financial statements related to potential claims by the Client (including dividends on such shares for the earlier periods). Pending the final settlement of terms to be agreed with the Client, the Company has measured the said provision at its best estimate. The Company will initiate proceedings against the concerned parties, including certain minority shareholders, for recovery of the amount paid and payable by the Company in connection with this matter upon completion of final settlement with the Client. Our opinion is not modified in respect of this matter. Management’s and Board of Directors’ Responsibilities for the Standalone Annual Financial Results These standalone annual financial results have been prepared on the basis of the standalone annual financial s
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