KFin Technologies (KFINTECH) Q1 24/25 earnings summary

Executive summary

• Standalone and consolidated unaudited financial results for the quarter ended June 30, 2024, were approved and reviewed without qualification by statutory auditors.

• The group divested its 20.95% stake in Fintech Products and Solutions (India) Private Limited for ₹65 million on July 3, 2024.

• A final dividend of ₹5.75 per share was recommended, pending shareholder approval.

Financial highlights

• Consolidated revenue from operations for Q1 FY25 was ₹2,375.62 million, up from ₹1,815.03 million in Q1 FY24 and ₹2,283.41 million in Q4 FY24.

• Consolidated net profit for Q1 FY25 was ₹680.72 million, compared to ₹433.75 million in Q1 FY24 and ₹744.68 million in Q4 FY24.

• Standalone revenue for Q1 FY25 was ₹2,295.91 million, with net profit at ₹678.54 million.

• Basic EPS (consolidated) for Q1 FY25 was ₹3.98, up from ₹2.56 in Q1 FY24.

Outlook and guidance

• The company continues to focus on growth in domestic mutual fund investor solutions and international expansion.