Kfin Technologies shares rise 5% despite Q1 profit decline
after close1 source ↓written by the desknot a recommendation
- on 27 July
- 5%
- sequential growth
- 2.6%
- for Q1
- ₹356.5 cr
- ₹122 cr
- decreased
- 34.22%
Shares of Kfin Technologies gained nearly 5% on 27 July after the company reported 2.6% sequential growth in revenue to ₹356.5 cr for Q1. However, EBITDA fell 5% to ₹122 cr, impacted by high costs and the Ascent acquisition, which weighed on margins. The EBITDA margin decreased to 34.22% from 37% in the previous quarter.
Not investment advice. For informational purposes only.