General Atlantic likely to offload 6% stake in KFin Technologies via block deals

Private equity firm General Atlantic is likely to pare its stake in financial services firm KFin Technologies Ltd by approximately 6% of the company’s total outstanding shares through block deals, sources privy to the developments told CNBC-TV18.

The sale is expected to be executed at a discount ranging between 5% and 8% of Wednesday's closing price, according to multiple people familiar with the development.

For the fourth quarter, KFin Technologies reported a 14.3% year-on-year (YoY) increase in consolidated net profit for the fourth quarter of FY25, at ₹85 crore compared to ₹74.5 crore in the corresponding quarter of the previous year. Revenue from operations rose 23.8% YoY to ₹282.7 crore, up from ₹228.3 crore in Q4 FY25.

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Operational profitability also improved, with EBITDA rising 16.9% to ₹122.2 crore versus ₹104.5 crore a year ago. However, the EBITDA margin stood at 43.2%, slightly lower than the 45.8% recorded in the same quarter last year, largely due to higher operating expenses.

KFin Technologies' board of directors has recommended a final dividend of ₹7.50 per share for FY24, subject to shareholder approval at the upcoming Annual General Meeting.

Shares of Kfin Technologies Ltd ended at ₹1,103.30, up by ₹61.55, or 5.91%, on the BSE.

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