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KFin Technologies' Consolidated Profit Slips in Fiscal Q4; Shares Plummet 4%

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KFin Technologies (NSE:KFINTECH, BOM:543720) posted a decline in its consolidated profit to 811.5 million Indian rupees in the fiscal fourth quarter ended March 31 against 850.5 million rupees a year ago.

The company's shares fell 4% in Thursday's trade.

Earnings per share stood at 4.67 rupees compared with the year-ago figure of 4.91 rupees, according to a Wednesday filing with the Indian stock exchanges by the technology-driven financial services platform.

Revenue from operations in fiscal Q4, however, rose year on year to 3.47 billion rupees from 2.83 billion rupees a year earlier.

The company's board recommended a final dividend of 12 rupees per share for the financial year ended March 31.

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