India's Kfin Technologies down over 4%, Q4 core profit margin falls

Kfin Technologies

05/05/2023 09:55

** Shares of Kfin Technologies Ltd  KFIN.NS  fall as much as
4.46% to 319.25 rupees
    ** Slide after the Software-as-a-Service(SaaS) based
end-to-end digital solutions provider reports a contraction in
core profit margin to 45.81% in the March quarter, compared to
46.27% in the corresponding period, a year ago
    ** Net profit rose 12% to 570.15 mln rupees in Q4 while
revenue gained marginally to 1.83 bln rupees from 1.81 bln
rupees YoY
    ** Trading volume is 168,558 shares as of 2:18 p.m. IST,
1.1x the 30-day avg - Refinitiv data


 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))