Share of Kfintech ltd surges 8% after the news of acquiring singapore based company.

Share News:

KFin Technologies Ltd has aquired Ascent Fund Services (Singapore) Pte which is a singapore based company, this company alignes with the business of kfintech ltd it will help the company to grow revenue and making more presence outside India.

About the Company:

KFin Technologies Ltd have work in the space of assest managment mainly in mutual funds, AIFs (alternative investments), pension, wealth managers and corporates in India and abroad, The company provides SaaS based end-to-end transaction management, channel management, compliance solutions, data analytics and various other digital services to asset managers across segments, as well as outsourcing services for global players.

Financials of the company:

The company reported an 21 percent YoY increase in revenue from Rs. 838 Crore in Q3FY24 to Rs. 1036 Crore in Q3FY25. On a QoQ basis, the company reported a increase of 3.8 percent in revenue from Rs. 290 Crore in the previous quarter.

Their Net profit saw an increase of 31 percent YoY from Rs. 246 Crore to Rs. 322 Crore for the same period. On a QoQ basis, the company reported a increase of 1.5 percent in Net profit from Rs. 90 Crore in the previous quarter.

Disclamier:

This article is purely for educational purpose please don't take it as any kind of buy or sell advice