- KFin Technologies grew revenue 10.3% YoY to Rs 3.09 billion driven by new deals
- Issuer Solutions client count increased 42% YoY with strong 13% revenue growth
- International Solutions client count rose 41% YoY with 26% revenue growth
KFin Technologies continues to ramp up its non-MF category, aided by new deals. Client count in issuer solutions grew 42% YoY; in International Solutions, 41% YoY; and in Alternates and Wealth, 22% YoY.
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Anand Rathi Report
Aided by Issuer Solutions' strong, 13% YoY, performance and International and other investor solutions' 26% YoY,KFin Technologies Ltd.'s revenue grew 10.3% YoY to Rs 3.09 billion.
Notably, momentum in new international deals, the AIF platform and Issuer Solutions is healthy.
Considering steady revenue growth in its core businesses, with international operations and AIF being primary drivers, we maintain a Buy on the company with a 12-month target price of Rs 1,572, valuing the stock at 53x Sep'27e earnings per share.
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