.png)
1 hour ago
20
No stock data available
KFin Technologies' share price will continue to remain in focus a day after the stock reclaimed the Rs 1,000 mark following positive commentary from Jefferies. Other global brokerages including Citi and Nuvama, have also issued positive commentary on stock, with Citi hiking the target price to Rs 1,385 on the heels of strong third-quarter results for the financial year 2026.
Brokerages on KFin Technologies
- Maintains 'Buy' rating with a raised target price of Rs 1,385 (from 1,335)
- Q3 solid with core PBT up 12 per cent QoQ (non-Ascent); adjusted EBITDA margin at 42 per cent.
- Here you go — all points rewritten with the full forms of the abbreviations and polished for clarity:
- Mutual Fund yield drag continues due to an unfavourable product mix.
- Lower Mutual Fund Assets Under Management yields resulted in earnings pressure; Mutual Fund yields declined by approximately 50 basis points quarter‑on‑quarter.
- Non–Mutual Fund businesses remain strong: Alternative Investment Funds / Portfolio Management Services, Managed Account and Asset Management, AUM services, and National Pension System are all scaling well.
- Fiscal Year 2026 Estimated Earnings Per Share reduced by around 10 per cent to factor in weaker Mutual Fund yields.
- Fiscal Year 2027–2028 Estimate are largely unchanged.
Elara Capital On KFin Tech
- The brokerage maintained a 'Buy' call on the stock
- Elara Capital maintained the target price of Rs 1,280
- 3QFY26 beat; revenue up 28% YoY; EBITDA margin 41 per cent
- MF yields declined due to ETF mix shift; AAUM up 18 per cent YoY
- Issuer Solutions 22 per cent YoY; International revenues over 143 per cent YoY led by Ascent
- Revenue estimates raised 3 per cent for FY26–28
- Maintain 'Buy' with a target price of Rs 1,450
- Posted in-line Q3 revenue growth of 27.9 per cent YoY driven by strong performance in the non-MF segment.
- Issuer solution posted robust growth of 23.7 per cent YoY, International segment posted revenue growth of 143.3 per cent YoY
- For Fiscal Year 2027, the Estimated Price‑to‑Earnings ratio is 52.8 times; for Fiscal Year 2028, the Estimated Price‑to‑Earnings ratio is 42.2 times.
KFin Technologies reported a steady performance in Q3 FY26, with profitability remaining largely stable. The company posted a profit of Rs 91.9 crore, marking a modest 2 per cent year‑on‑year increase compared to Rs 90.1 crore in Q3 FY25.
Revenue growth was a clear standout this quarter. The company’s topline rose sharply to Rs 371 crore, a 27.9 per cent jump from Rs 290 crore in the same period last year.
Operational performance also presented a mixed picture. EBITDA increased 16.1 per cent year‑on‑year to Rs 151.5 crore, though the margin narrowed to 40.9 per cent from 45 per cent in Q3 FY25, a contraction of 414 basis points.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
English (US) ·