Emkay Global Financial Services Limited

rs,

etary & Compliance Officer EARNINGS PRESENTATION 1 Q1 FY 26 Dear Investors, We hope this message finds you well. FY26 has commenced on a steady note, supported by landmark pol

100 basis point

k of India. In a bid to stimulate growth and ease financial conditions, the RBI delivered a notable 100 basis point reduction in both the repo rate and the Cash Reserve Ratio (CRR). These steps have significantly lo

7.4%

The broader macroeconomic picture remains encouraging. Q4 FY25 GDP growth accelerated to a robust 7.4%, well ahead of the 5.6% and 6.4% posted in Q2 and Q3, respectively. This uptick in growth has buoye

5.6%

mic picture remains encouraging. Q4 FY25 GDP growth accelerated to a robust 7.4%, well ahead of the 5.6% and 6.4% posted in Q2 and Q3, respectively. This uptick in growth has buoyed sentiment across the m

6.4%

re remains encouraging. Q4 FY25 GDP growth accelerated to a robust 7.4%, well ahead of the 5.6% and 6.4% posted in Q2 and Q3, respectively. This uptick in growth has buoyed sentiment across the market eco

9.08%

lient performance in Q1 FY26. Large-cap, mid-cap, and small-cap indices generated strong returns of 9.08%, 14.06%, and 16.84%, respectively—a marked improvement over the muted returns of the prior six mont

14.06%

erformance in Q1 FY26. Large-cap, mid-cap, and small-cap indices generated strong returns of 9.08%, 14.06%, and 16.84%, respectively—a marked improvement over the muted returns of the prior six months. Thi

16.84%

n Q1 FY26. Large-cap, mid-cap, and small-cap indices generated strong returns of 9.08%, 14.06%, and 16.84%, respectively—a marked improvement over the muted returns of the prior six months. This resilience

4,18,024 billion

have stabilised after sharp declines in previous quarters. Total market volume in Q1 FY26 stood at ~4,18,024 billion, a recovery from ~3,66,368 billion in Q4 FY25 and ~3,71,974 billion in Q3 FY25. This stabilization

3,66,368 billion

s in previous quarters. Total market volume in Q1 FY26 stood at ~4,18,024 billion, a recovery from ~3,66,368 billion in Q4 FY25 and ~3,71,974 billion in Q3 FY25. This stabilization is an encouraging sign of improving

3,71,974 billion

ket volume in Q1 FY26 stood at ~4,18,024 billion, a recovery from ~3,66,368 billion in Q4 FY25 and ~3,71,974 billion in Q3 FY25. This stabilization is an encouraging sign of improving market activity and investor par

INR 20,059 million

ified Institutional Placement (QIP) of Indian Renewable Energy Development Agency Limited, totaling INR 20,059 million. Our Institutional Equities team actively engaged clients with 9 roadshows, 44 corporate or expert

“Addressing Your Key Questions 4 Q1 FY 26 CAPITAL MARKETS How did institutional client participation trend in Q1 FY26, especially in light of recent macro and political developments?”

“Q1 FY26 began on a cautious note, with subdued institutional activity due to lingering geopolitical tensions and macroeconomic uncertainties, both globally and domestically.”

“What is your outlook for the rest of FY26 in terms of capital market activity and M&A?”

“We expect the momentum in equity capital markets to continue, supported by steady SIP inflows, robust domestic liquidity, and a healthy pipeline of issuances.”

“Q1 FY 26 5 ASSET MANAGEMENT How has AUM growth trended in Q1 FY26 for your PMS and AIF strategies?”

“In Q1 FY26, we recorded a net addition of approximately ₹240 crore in AUM, marking a strong start to the year.”

“Yes, we launched our Emkay SMID Cap Growth Engine Strategy (Small & Mid Cap) during Q1 FY26 in the month of June, available both in PMS & AIF formats.”

“These strategies aim to deliver long-term capital appreciation by primarily investing in small-cap and mid-cap equities and related instruments, with a wealth creation horizon of 3–5 years.”

“• In Q1 FY26, all six of EIML’s existing strategies outperformed their respective benchmarks, reflecting the strength and consistency of EIML’s investment approach • Successfully launched the Risk Management platform for the Clearing Project.”

“These strategies aim to deliver long-term capital appreciation by primarily investing in small-cap and mid-cap equities and related instruments, with a wealth creation horizon of 3-5 years.”

Investor Insights

1

Valorem Advisors Disclaimer

1

Investor Insights

Addressing Your Key Questions 4 Q1 FY 26 CAPITAL MARKETS How did institutional client participation trend in Q1 FY26, especially in light of recent macro and political developments? Q1 FY26 began on a cautious note, with subdued institutional activity due to lingering geopolitical tensions and macroeconomic uncertainties, both globally and domestically. These factors initially impacted the pace and timing of capital market transactions. However, as the quarter progressed, investor sentiment improved meaningfully. A key catalyst was the continued weakening of the US dollar, prompting global investors to diversify and reallocate towards emerging markets, including India. This led to a notable pick-up in institutional participation, particularly in secondary market flows. The primary market also showed early signs of revival, with increased IPO and block deal activity — currently concentrated in large and upper mid-cap names. We believe the ‘risk-on’ sentiment will strengthen further thro

Valorem Advisors Disclaimer

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. For further details, please feel free to contact our Investor Relations Representatives: Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903 9500 Email: e