KFintech continues to strengthen its position as a tech-first investor solutions platform, posting a resilient Q4FY25 performance and making strategic moves to expand its global footprint. Backed by sustained profitability and a sharp focus on scale, analysts are optimistic about the company’s long-term potential.
Global brokerage Jefferies has reiterated its ‘Buy’ rating on KFintech, raising its target price to ₹1,460. The firm highlighted strong revenue growth, expanding EBITDA margins, and accelerated momentum in the company’s international operations as key drivers behind its bullish outlook.
For Q4FY25, KFintech reported a 24% YoY revenue growth, driven by solid performances in issuer solutions and domestic mutual fund businesses. Profit after tax rose 14% YoY, with EBITDA margins remaining healthy at 43%, despite ongoing investments in platform integration and international growth.
Jefferies pointed to KFintech’s acquisition of Ascent Fund Services as a transformative move, significantly strengthening its presence across 13 global markets and adding 260+ clients. The acquisition is expected to lift the share of international revenue from 12% to over 18%, building a second growth engine alongside its domestic mutual fund RTA business.
Analysts also cited KFintech’s onboarding as a preferred partner on BlackRock’s Aladdin platform as a key long-term growth lever. The integration of KFintech’s proprietary mPower platform is likely to begin contributing revenue within the next 12–18 months, opening access to a wider global client base.
Brokerage IIFL also maintained its ‘Buy’ call, assigning a target price of ₹1,300. While near-term upside is more muted, IIFL upgraded its FY26/27 EPS estimates by 5% following a Q4 earnings beat, noting the company’s ability to win large mandates in Southeast Asia, including recent deals in Malaysia and the Philippines.
Beyond international growth, KFintech continues to invest in product expansion. Its new wealth management offering, mPower Wealth, has already onboarded five leading firms.
Jefferies forecasts a 23% revenue CAGR and 18% PAT CAGR for KFintech between FY25–28. Despite trading at a premium valuation of 58x FY26E P/E, the brokerage believes this is justified by KFintech’s consistent execution, expanding TAM, and high-margin tech-driven model.
With a clear strategy, disciplined cost control, and expanding international credentials, KFintech is increasingly being seen as a scalable mid-cap growth story with dual engines in domestic and global markets.
Disclaimer: Moneycontrol journalists were not involved in creating this article
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