The share price of KFin Tech fell 5.3% to an intra-day low, but Nuvama Institutional Equities retained its ‘Buy’ rating on KFin Technologies, and kept the target price at Rs 1,480, which implies an upside of 26.6% from the current market price.
Nuvama on KFin Tech
The brokerage said that KFin Tech delivered strong revenue growth of 10.3% YoY in Q2 FY26. The growth was supported by an impressive performance in the Mutual Funds segment, which was up 9.9% YoY. The company’s Issuer Solutions expanded 15.5% YoY to Rs 48.3 crore, led by IPO-rebound and corporate activity.
The company added 597 clients in Q2 while folio count increased 10.5% YoY and 0.4% QoQ. KFin Tech’s market share in main board IPOs by issue size surged 940 basis points YoY and 2580 bps QoQ to 43.8%. The company continues to bethe market leader with a share of 50% of the NSE 500. Segmental margin improved 95bp QoQ to 43.6%.
KFin Tech Q2 FY25 results
The company’s net profit came in at Rs 93.3 crore in the second quarter of the current financial year, up from Rs 89.3 crore reported in Q2 FY25. This is an increase of 4.5% year-on-year. The company’s revenue surged by 10.3% YoY in Q2 FY26, and reached Rs 309.2 crore, as against Rs 280.5 crore posted in the same quarter a year ago.
KFin Tech stock performance
The share price of KFin Tech has fallen 0.6% in the last five trading sessions. The stock has given a return of 6% in the last five trading sessions. It has declined 12% in the past six months. However, KFin Tech’s stock price has raised investors’ wealth by 16% in the last one year.