Kfin Technologies shares jumped over 7%
KFINTECH ies shares jumped over 7% to trade at Rs 1,040 apiece. The company reported a consolidated net profit of Rs 91.99 crore for the October-December quarter, up 2% YoY from Rs 90.18 crore. This modest PAT growth came despite an exceptional cost of Rs 8.56 crore due to new labour code implementation. Revenue from operations surged 28% YoY to Rs 370.87 crore from Rs 290.02 crore, driven by strong performance in investor solutions and value-added services. EBITDA rose 16% to Rs 151.62 crore, though margins dipped to 40.9% from 45%.
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