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  • MF News KFintech records net profit of 195 crore in FY 2023

    KFintech records net profit of 195 crore in FY 2023

    The RTA has seen 27% growth in its profitability.
    Team Cafemutual May 7, 2023

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    KFintech has recorded profit after tax (PAT) of Rs. 195 crore in FY 2023. The company witnessed PAT of Rs.149 crore in FY 2022 indicating a growth of 27% in terms of PAT over the last one year. 

    Overall, the company saw its revenue growing by 12.5% to reach Rs.720 crore last financial year. 

    In a press release, Sreekanth Nadella, MD and CEO, KFintech said, “FY 2023 has been a landmark year in KFintech’s journey, as we successfully listed the company on the Indian stock exchanges.”

    “We invested in two new businesses - OneMoney and WebileApps, to make major strides in the evolving ecosystem of account aggregator industry and to consolidate our digital prowess to add differentiating value to our clients, partners, and shareholders,” he added.

     

     

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