JP Morgan has set a target price of Rs1200 for KFin Technologies due to its impressive growth projections for FY25.

The company's performance in the second quarter was strong, with a 46% year-on-year increase in profits and a 34.2% rise in revenues. KFin Technologies also saw a 35.1% YoY increase in EBITDA, with margins reaching 45.1%, demonstrating its effective operational model.

In the domestic mutual fund services segment, the company experienced a 39% YoY revenue increase and a 44.6% growth in assets under management (AUM). The equity AUM surged by 56.2%, reflecting KFin Technologies' expanding influence in the domestic financial sector. The company also reported a robust 27.5% growth in international AUM and a 44% revenue increase in its international solutions segment.

To enhance its international presence, KFin Technologies has established a subsidiary in Thailand, KFin Technologies (Thailand) Limited, which aims to offer a range of financial services and extend the company's reach in the ASEAN region.