JP Morgan has set a target price of Rs1200 for KFin Technologies, citing strong growth in FY25. The company reported a 46% year-on-year profit increase in Q2FY25, driven by a 34.2% rise in revenues and a 35.1% increase in EBITDA, achieving margins of 45.1%. KFin's domestic mutual fund services saw a 39% revenue increase, with equity AUM up by 56.2%, while international AUM grew by 27.5%. The establishment of a subsidiary in Thailand aims to enhance its service capabilities in the ASEAN region.