KFintech shares trade flat after strong Q2 results, Ascent acquisition

shares were trading at ₹1,171.80 on Tuesday morning, up marginally by 0.25 per cent from the previous close of ₹1,168.90. The stock opened at ₹1,184 and touched an intraday high of ₹1,215 before witnessing profit booking, with sell quantity significantly outweighing buy orders at 2.84 lakh versus 88,362 shares.

The muted response comes despite the company reporting a 10.3 per cent year-on-year revenue growth to ₹3,092.3 million for Q2FY26, announced on Monday. The financial services technology platform posted a profit after tax of ₹933.1 million, up 4.5 per cent y-o-y, with diluted earnings per share at ₹5.38.

The quarter marked a strategic milestone with KFintech completing acquisition of 51 per cent stake in Ascent Fund Services (Singapore), positioning itself as the only Indian global fund administrator. The combined entity now serves over 1,400 funds across 18 countries, managing over $340 billion in assets under administration.

KFintech’s managing director Sreekanth Nadella attributed the performance to the company’s diversified business model and operational discipline despite market volatility. The company expanded its international client base to 93 and secured new mandates including Bharat Petroleum Corporation as RTA and several IPO deals.

The stock has been volatile, trading between a 52-week high of ₹1,641.35 and low of ₹784.15. With a market capitalisation of ₹20,177 crore, the counter saw brisk trading with volumes of 22.89 lakh shares worth ₹272.26 crore.

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