KFin Technologies, the largest investor solutions provider to Indian mutual funds, has recorded a 25.2 percent on-year growth in consolidated net profit at Rs 66.8 crore for the quarter ended December FY24, with healthy topline and operating numbers.
Consolidated revenue from operations during the quarter stood at Rs 218.7 crore, growing 16.3 percent over the corresponding period of last fiscal, with domestic mutual fund investor solutions business, which contributed 69 percent to topline, increasing 17 percent YoY to Rs 151.5 crore during the same period.
Among other businesses, issuer solutions segment registered 21.7 percent YoY growth at Rs 37.5 crore and international and other investor solutions business grew by 28.3 percent to Rs 21.6 crore during the quarter, KFin said.
The financial services platform clocked 21.3 percent on-year growth in EBITDA (earnings before interest, tax, depreciation and amortisation) at Rs 97.9 crore compared to year-ago period. The EBITDA margin expanded by 190 bps to 44.8 percent during the same period.
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In the nine months period ended December FY24, revenue from operations stood at Rs 609.2 crore, increasing by 13.5 percent; and profit grew by 23.7 percent to Rs 171.6 crore compared to similar period in previous fiscal. "Revenue from international and other investor solutions businesses grew at 30.3 percent YoY," KFin said in its filing to exchanges.
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