KFINTECH · Q1 FY27 · investor call
KFINTECH
KFin Technologies reported strong revenue growth in Q1 FY27, driven by international expansion and robust deal momentum. Despite challenges in margins due to Ascent's growth phase and planned increments, the company emphasized disciplined execution and investments in technology platforms for sustained growth.




Key financials
| Revenue from operations | ₹357 crore | up 30.1% YoY |
| EBITDA | ₹122 crore | up 7.1% YoY |
| PAT | ₹75.21 crore | down by 2.6% YoY |
| Diluted EPS | ₹0 crore | down by 2.6% YoY |
Segment commentary
International and Other Investor Solutions
Revenue grew by 192.1% YoY, excluding Ascent and GBS.
Domestic Mutual Fund Investor Solutions
Market share increased to 32.8%, with AAUM growth outpacing the industry.
Issuer Solutions
Added 672 new corporate clients, maintaining leadership in NSE500 companies.
Guidance & outlook
- Expect margins to expand as Ascent scales and synergies are realized.
- Focus on disciplined execution, expanding international footprint, and investing in technology platforms.
Notable quotes
“Revenue growth was strong, led by sustained momentum in our international business.”— Sreekanth Nadella
Key takeaways
- Strong revenue growth driven by international expansion and new mandates.
- Challenges in maintaining PAT margins due to Ascent's scaling costs.
- Focus on technology investments for long-term growth.
Risks flagged
- Margins under pressure due to Ascent's growth phase and planned increments.
Educational analysis only. Not investment advice. Consult a
SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/KFINTECHNSE_24072026200658_Intimation.pdf
Full transcript (8,645 words)
July 24, 2026 CS&G/STX/SQ2026/14
1) National Stock Exchange of India Limited 2) BSE Limited
Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Bandra (E), Dalal Street,
Mumbai – 400 051 Mumbai – 400 001
Scrip Symbol: KFINTECH Scrip Code: 543720
Sub. : Investor Presentation and Factsheet
Ref. : Regulation 30 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”)
Dear Sir / Madam,
Further to our previous intimation bearing reference no. CS&G/STX/SQ2026/04 dated July 08, 2026,
pursuant to Regulation 30 and other applicable provisions of the LODR Regulations, please find
enclosed herewith the Investor Presentation and Factsheet on performance of the Company for the
quarter ended June 30, 2026.
This is for your information and records.
Thanking you,
Yours faithfully,
For KFin Technologies Limited
Alpana Kundu
Company Secretary and Compliance Officer
ICSI Membership No.: F10191
Encl.: a/a
STEADY PERFORMANCE, LED BY INTERNATIONAL GROWTH AND ROBUST DEAL
MOMENTUM
Mumbai, July 24, 2026: KFin Technologies Limited announced its financial results for the quarter ended 30th June 2026 today.
Financial Highlights – Q1FY27
− Revenue from operations stood at ₹ 3,565.4 million, up 30.1% y-o-y; core revenue growth at 30.6% y-o-y
− International and other investor solutions core revenue up by 192.1% y-o-y; (32.2% y-o-y excl. Ascent and GBS); Ascent Fund
Services revenue up by 32.0% y-o-y
− EBITDA stood at ₹ 1,219.8 million, up 7.1% y-o-y, EBITDA margin excl. Ascent at 39.4% and incl. Ascent at 34.2%
− PAT at ₹ 752.1 million, down by 2.6% y-o-y, PAT margin excl. Ascent at 26.6% and incl. Ascent at 21.1%
− Diluted EPS stood at ₹ 4.34, down by 2.6% y-o-y
− Non-domestic mutual fund revenue share in overall revenue improved to 39.6% y-o-y
− Cash and Cash equivalents stood at ₹ 6,870.7 as on June 30, 2026
Business Highlights – Q1FY27
− Overall AAUM1 grows faster; KFintech’s AAUM growth at 16.4% y-o-y vs. 15.3% growth for industry; Overall AAUM market share
at 32.8%; Equity AAUM1 growth at 14.1% y-o-y vs. 16.3% for the industry, market share1 at 32.4%; Won a new RTA deal from Alpha
Alternatives Fund Advisors; Won a datalake platform deal from a large mutual fund distributor; Finex's SIP automation module
live, reducing physical onboarding time from weeks to hours
− No of international clients increased to 511 (Ascent: 394 and KFintech SEA: 117); Overall AUM grew 389.9% y-o-y to US$49.6
billion; Ascent won 18 new funds including 6 funds with $100mn+ AUM; Won 8 deals in Gift city; Won a trade order management
system from an existing client in Malaysia; Launched SupremaPlus, a cloud-enabled digital infrastructure platform powering global
pension managers and sovereign pension programmes
− Added 672 new corporate clients under issuer solutions; Market share2 in NSE500 companies at 50.0%; New IPO mandates won
during the quarter include Jio Platforms, Razorpay Software, and Garuda Aerospace
− No of alternate funds at 757; Market share at 37.3%; AUM grew 27.9% y-o-y to ₹ 20.6 trillion; Won 15 new AIF funds including
from JM Financial Asset Management, 360 One WAM, Godrej Asset Management, Onterra Capital Advisor
− Won a new mandate from a pension fund for end-to-end mPower platform solution3; Won three new deals for the wealth platform
‘mPowerWealth’ from private wealth management firms
− NPS subscriber base grew to 2.3 million, up by 39.4% y-o-y vs. 12.7% y-o-y growth for the industry; Market share in overall
subscribers’ base at 12.2% as on June 30, 2026, up from 9.9% as on June 30, 2025
Commenting on the company’s performance, Sreekanth Nadella, Managing Director and CEO, KFin Technologies Limited said, "We
are happy to announce the Q1 financial results reflecting the accelerated execution of our growth strategy – substantially expand
addressable market whilst reducing risk through business diversifaction. Revenue growth was strong, led by sustained momentum in
our international business, both organic and through Ascent Fund Services, and by several new mandates from clients with AUM in
excess of US$100 million. Margins reflect the current stage of Ascent's growth trajectory, along with planned annual increments and
lower mark-to-market gains; we expect margins to expand as Ascent scales and as synergies are realized. Our Issuer Solutions business
followed typical seasonal pattern - softer first quarter and expected growth driven corporate actions. We continued to invest in the
platforms that differentiate KFintech in the market. This quarter, we advanced SIP automation on Finex platform, launched Aegix
country’s first AI-native investor relations platform, and rolled out SupremaPlus, our cloud-based global pension administration
platform. Wealth segment delivered strong new business on the mPowerWealth platform. Deal momentum remained strong across all
business segments, providing meaningful visibility into future revenue as these engagements convert over the coming quarters. As we
advance through fiscal 2027, we remain focused on disciplined execution, expanding our international footprint, and investing in the
technology platforms that position KFintech for sustained, long-term growth."
KEY FIGURES ₹ million
Q1 FY27 Q4 FY26 Q1FY25 FY26
Revenue 3,565.4 3,473.3 2,740.6 13.014.9
EBITDA 1,219.8 1,284.8 1,138.6 5,296.7
EBITDA margin % 34.2% 37.0% 131,4216.55.%4 40.7%
.
Profit After Tax (PAT) 752.1 811.5 772.6 3,437.1
PAT margin % 21.1% 23.4% 28.2% 26.4%
Diluted EPS (₹)4 4.34 4.67 4.45 19.81
(1) Last quarter average; (2) As on June 30, 2026, based on market capitalization; (3) During July’26 (4) Not annualized
1
About KFin Technologies Limited (www.kfintech.com/; BSE: 543720; NSE: KFINTECH):
KFin Technologies Limited (“KFintech”) is a leading technology driven financial services platform providing comprehensive services and
solutions to the capital markets ecosystem including asset managers and corporate issuers across asset classes in India and provide
comprehensive investor solutions including transfer agency, fund administration, fund accounting, data analytics, digital onboarding,
transaction origination and processing for alternate investments, mutual funds, private market funds, digital assets, unit trusts,
insurance investments, and private retirement schemes to global asset managers across 18 jurisdictions. In India, KFintech is the largest
investor solutions provider to Indian mutual funds, based on number of AMCs serviced as on June 30, 2026, and the largest issuer
solutions provider based on number of clients serviced as on June 30, 2026. KFintech is the only investor and issuer solutions provider
in India that offers services to asset managers such as mutual funds, alternative investment funds, wealth managers and pension as
well as corporate issuers and is one of the three operating central record keeping agencies for the National Pension System in India.
KFintech is listed on the National Stock Exchange of India Limited and BSE Limited. General Atlantic Singapore Fund Pte Ltd (“GASF”), a
leading global private equity investor, is the promoter of the company.
For investor queries:
Ram Gattani
Email: InvestorRelations@kfintech.com
For media queries:
Hanisha Vadlamani
Email: hanisha.vadlamani@kfintech.com
Disclaimer:
Certain statements that may be made or discussed in this release may be forward-looking statements and/or based on management’s
current expectations and beliefs concerning future developments and their potential effects upon KFin Technologies Limited. The
forward-looking statements are not a guarantee of future performance and involve risks and uncertainties and there are important
factors that could cause actual results to differ, possibly materially, from expectations reflected in such forward-looking statements.
KFin Technologies Limited does not intend, and is under no obligation, to update any forward-looking statement made in this release.
2
KFin Technologies Limited
Investor Presentation
Q1FY27
(for the quarter and period ended June 30, 2026)
Safe Harbour Statement
This presentation may contain certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are
subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and
uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage
growth, competition, economic growth in our markets, ability to attract and retain highly skilled professionals, our ability to manage our operations, government
policies and actions, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case
any of these forward-looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on
behalf of the Company.
2 KFin Technologies Limited, Investor Presentation Q1 FY27
Today’s Presenters
Venkata Satya Naga Sreekanth Nadella Vivek Narayan Mathur Ram Gattani
Managing Director and Whole -Time Director & Head - Investor Relations
Chief Executive Officer Chief Financial Officer
3 KFin Technologies Limited, Investor Presentation Q1 FY27
1. Company Overview
2. Key Highlights
3. Industry Highlights
4. Business Highlights
5. Financial Highlights
6. Team & Shareholding
KFintech: At a Glance
Globally scaled platform with integrated FA and RTA capabilities backed by strong track record of growth and leadership
Investor Solutions – Domestic Mutual Funds
18 Largest 322 out of 622 Won 244 out of 425 369
Countries Investor Solution provider to AMCs in India; ₹27.3 tn AAUM3 Last new AMCs launched in India New products launched
Indian MFs1 serviced
1000+ 32.4% 36.2% 199 million 2.7 mm
Equity MF AAUM m. share, Monthly SIP inflows m. share Total investor folios
Global Clients Average daily
up from 28.8% in FY20
transactions
1,742
Issuer Solutions
~1,300
Global Funds
50.0% 11,275 175 million IT engineers
US$370 billion Market share6 Corporate clients Investor folios being
managed
Global AUM
ESG Score10 – 63
International & Other Investor Solutions
373+ million 810
511 1 of 3 731 AIF funds8
Investor Folios BitSight Security Score
Clients7 including Operational CRAs (NPS) (37.3% m. share)
With 2.3mn subscribers and 6,194
22 New Clients yet to go live
corporate clients
Note:MetricsasofJune30,2026,unlessstatedotherwise;mmrepresentmillion;tnrepresenttrillion;(1)basedonnumberofAMCserviced;(2)6outof32areyettostartoperationsand10outof62areyettostartoperations;(3)AAUMrepresentslastquarteraverage;(4)includes6
AMCswhichareyettostartoperations;(5)includes10AMCswhichareyettostartoperations;(6)basedonmarketcapitalizationofNSE500companies;(7)394clientsunderAscentand117clientsunderKFintechSEAbusiness,ofwhich9clientsinMalaysia,2clientsinSingapore,2
clientsinPhilippines,1clientinBahrain,and8clientsinGiftcityyettogolive;(8)IncludesstampdutyandISINclients;marketsharebasedontotalAIFsregisteredwithSEBI;(9)inlast5yearsendedJune30,2026;(10)AssessedbyCRISILRatingsfortheyearendedMarch31,2025
5 KFin Technologies Limited, Investor Presentation Q1 FY27
1. Company Overview
2. Key Highlights
3. Industry Highlights
4. Business Highlights
5. Financial Highlights
6. Team & Shareholding
Key Highlights
Steady Performance, Led by International Growth and Robust Deal Momentum
Revenue growth at 30.1% y-o-y; EBITDA growth at 7.1% y-o-y and margins at 34.2%; PAT declined by 2.6% y-o-y and margin of 21.1%
Revenue share of non-domestic mutual fund at ~39.6% of the overall mix; VAS revenue share at 5.4% of the overall mix
International and other investor solutions (excl. GBS) revenue grew by 192.1% y-o-y (32.2% y-o-y excl. Ascent and GBS)
International investor solutions
Domestic Mutual Fund investor solutions
• Numberofclients3increasedto511(Ascent:394andKFintechSEA:117)
• OverallAAUM1continuestogrowfasterthantheindustry; KFintech’sAAUMgrowthat16.4%
• AAUMincreasedy-o-ytoUS$49.6billion(₹4,722billion)fromUS$10.1billion(₹864billion)
y-o-y vs. 15.3% for the industry; Equity AAUM1 growth at 14.1% y-o-y vs. 16.3% for the
• Ascentadded18fundsduringthequarterincluding6fundseachwith$100mn+AUM.
industry
• Wonmandatesfrom8clientsinGIFTcity
• OverallAAUMmarketshareat32.8%;EquityAAUMmarketshareat32.4%
• WonatradeordermanagementsystemfromanexistingclientinMalaysia
• WonanewRTAdealfromAlphaAlternativesFundAdvisors • Launched SupremaPlus, a cloud-enabled digital infrastructure platform powering global
• Wonadatalakeplatformdealfromalargemutualfunddistributor pensionmanagersandsovereignpensionprogrammes
• Finex'sSIPautomationmodulelive,reducingphysicalonboardingtimefromweekstohours
• 5outoftop10AMCswithfastestgrowthinAAUM2
Issuer solutions AIF & Wealth investor solutions National Pension Scheme
• Added672clientsinQ1FY26;Totalclients’base–11,275 • Total no of AIF funds5 at 731 (excl. platform clients), • KFintech’s subscriber base grew by 39.4% Y-o-Y vs 12.7%
• Marketshare4inNSE500companiesat50.0% marketshareat37.3% Y-o-Ygrowthfortheindustry
• New IPO mandates won during the quarter include Jio • Won 15 new AIF funds including from JM Financial Asset • Added 1,34,522 subscribers during Q1FY27; Overall
Platforms, Razorpay Software, Garuda Aerospace, and Pushp Management, 360 One WAM, Godrej Asset Management subscribers’base:2.3million7
Brand Ltd, OnterraCapitalAdvisorLLP • Market share in new subscriber addition at 22.0% vs
• Main Board IPOs managed by KFintech in Q1FY27: 79.2% • Won three new deals for mPowerWealth platform from 12.3%inQ1FY26
marketshareintermsofissuesizeand66.7%marketsharein privatewealthmanagementfirms • Added640corporateclientsduringQ1;Overallcorporate
termsofnumberofIPOs • Won a new mandate from a pension fund for end-to-end clients’base:6,1947
mPowerplatformsolution6
(1) Last quarter average; (2)Ranking as per last quarterly AAUM of AMCs with at least ₹10,000cr AAUM; (3) 394 clients under Ascent and 117 clients under KFintechSEA business, of which 9 clients in Malaysia, 2 clients in Singapore, 2 clients in Philippines, 1 client in Bahrain, and 8
clients in Gift city yet to go live;(4) Based on market capitalization as on June 30, 2026; (5) Includes stamp duty and ISIN clients; market share based on total AIFs registered with SEBI;(6) In Jul’26(7) End of period
7 KFin Technologies Limited, Investor Presentation Q1 FY27
1. Company Overview
2. Key Highlights
3. Industry Highlights
4. Business Highlights
5. Financial Highlights
6. Team & Shareholding
India Performance
Overall AAUM1 Equity AAUM1 Monthly SIP inflows Folios
(₹trillion) (₹trillion) (₹billion) (in million) Total Equity SIP
+15.3% y-o-y +16.3% y-o-y
+1.9% q-o-q +2.8% q-o-q 279
317.8
2
d
47.9
n 46.6 186
u
F 38.3 149
l a 147.3 105
30.1 101
u 81.6 83.2
t
u 67.4
M 54.1 20.3 67
40.5
3 3 3 4 4 4 4 5 5 5 5 6 6 3 3 3 4 4 4 4 5 5 5 5 6 6
2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
FY23 FY24 FY25 FY26 Q1FY27 FY23 FY24 FY25 FY26 Q1FY27
-n
u J
-p
e S
-c
e D
-r
a M
-n
u J
-p
e S
-c
e D
-r
a M
-n
u J
-p
e S
-c
e D
-r
a M
-n
u J
-
n u J
-
p e S
-
c e D
-
r a M
-
n u J
-
p e S
-
c e D
-
r a M
-
n u J
-
p e S
-
c e D
-
r a M
-
n u J
No of AIFs registered No of demat accounts3 No of pension subscribers4
+16.4% y-o-y +12.7% y-o-y
s +22.5% y-o-y
e (cumulative) with SEBI3 (in million) +2.9% q-o-q (in million) +3.5% q-o-q
s +4.3% q-o-q
s
a 232
225
l
C
t 192 18.4 19.0
e 1,879 1,959 16.5
s
s A 1,545 151 13.1 14.7
1,302 114
r 1,100
e
h
t
O
FY23 FY24 FY25 FY26 Q1FY27 FY23 FY24 FY25 FY26 Q1FY27 FY23 FY24 FY25 FY26 Q1FY27
KFintech, with its multi-asset servicing platform, is well positioned to benefit from strong growth across large markets in India
(1) Last quarter average; (2) Source: AMFI; (3) Source: SEBI; (4) Source: NPS Trust
9 KFin Technologies Limited, Investor Presentation Q1 FY27
1. Company Overview
2. Key Highlights
3. Industry Highlights
4. Business Highlights
5. Financial Highlights
6. Team & Shareholding
Domestic Mutual Fund investor solutions: Focus on mid-size, equity-oriented
AMCs, providing significant sustainable advantage
Overall AAUM1& market share2 AAUM1 Growth AAUM1 Market Share2
(₹trillion)
KFintech Industry Q1FY26 Q4FY26 Q1FY27
31.5% 31.7% 32.4% 32.5% 32.8%
30.0 35.0%
25.0 30.0% 16.4% (y-o-y) 15.3% (y-o-y)
25.0%
20.0
20.0% 32.5% 32.4% 32.8%
15.0 25.3 27.3
21.2 15.0% 3.3% (q-o-q) 1.9% (q-o-q)
10.0 17.4
12.8 10.0%
5.0 5.0%
0.0 0.0%
FY23 FY24 FY25 FY26 Q1FY27
Equity AAUM1& market share2
(₹trillion)
14.1% (y-o-y) 16.3% (y-o-y)
18.0 34.9% 33.8% 33.3% 32.7% 32.4% 40.0% 33.0% 32.1% 32.4%
16.0 35.0% 3.6% (q-o-q) 2.8% (q-o-q)
14.0 30.0%
12.0 25.0%
10.0
6 8 . . 0 0 10.0 12.5 14.6 15.5 1 2 5 0 . . 0 0 % % Equity Mix in Overall AAUM1
4.0 7.0 10.0%
2.0 5.0% 58.0% 56.7% 56.8%
0.0 0.0%
FY23 FY24 FY25 FY26 Q1FY27
SIPs Net flows Transaction Volume
• Won a new RTA deal from Alpha Alternatives
Net flows positive in Q1FY26 Q1FY27: 159.1 million Fund Advisors
Q1FY27 inflows: ₹ 341.7 billion
KFingarnered 34.0% of industry net flows 17.9% (y-o-y) / 0.7% (q-o-q)
9.7% (y-o-y) / 0.3% (q-o-q) • Won a datalakeplatform deal from a large
36.2% market share in Jun’26 mutual fund distributor
NFO Market Share
• Finex'sSIP automation module live, reducing
Live folios: 37.9 million3 No of NFOs –48.4% MFCentralCAS4 API
physical onboarding from weeks to hours
Fund mobilization –47.8%
7.3% (y-o-y) vs. 14.4% (Industry) 6.9 million hits in Q1FY26 (44.9% q-o-q)
1.2% (q-o-q) vs. 0.6% (Industry) 442 clients onboarded as on June’26 of • 5 out of top 10 AMCs with fastest % growth
which 175 are under integration; in AAUM5
(1) Last quarter average; (2) For the period; (3) As on June30, 2026; (4) Consolidated account statement; (5) Ranking as per last quarterly AAUM of AMCs with at least ₹10,000cr AAUM;
11 KFin Technologies Limited, Investor Presentation Q1 FY27
International investor solutions: Expanding global footprints…
Growing global footprint1
No of clients
+523.2% Y-o-Y
+2.4% Q-o-Q
Solutions No of Clients
RTA 81
394
Fund 517
Administration
UK
82 117
Canada (1)
(1)
Q1FY26 Q1FY27
Jersey Japan Ascent KFIN
USA (4) (1)
(38) Bahrain
(2)
Caym ( a 1 n 8 1 Is ) lands Saud (1 i 3 A 1 r ) abi U a AE Gi ( f 6 t 5 C ) I ty Hon ( g 2 5 K ) ong Malaysia • Numberofclients2increasedto511(Ascent:394andKFintechSEA:117)
(24)
BVI India Thailand (39) • AAUM increased y-o-y to US$49.6 billion (₹4,722 billion) from US$10.1
(45) (47) (1) Philippines
billion(₹864billion)
Singapore (6)
Seychelles
(311)
(3) • Ascent added 18 funds during the quarter including 6 funds each with
$100mn+AUM.
Mauritius
Australia
(5)
(16) • Wonmandatesfrom8clientsinGIFTcity
• WonatradeordermanagementsystemfromanexistingclientinMalaysia
• Launched SupremaPlus, a cloud-enabled digital infrastructure platform
poweringglobalpensionmanagersandsovereignpensionprogrammes
(1) Based on number of funds (2)394 clients under Ascent and 117 clients under KFintechSEA business, of which 9 clients in Malaysia, 2 clients in Singapore, 2 clients in Philippines, 1 client in Bahrain, and 8 clients in Gift city yet to go live;
12 KFin Technologies Limited, Investor Presentation Q1 FY27
…with Well Diversified Portfolio
Overall AAUM (US$ bn) AAUM by Geography (%) Asset Mix (%)
1% 1%
1% 3%
+389.9% y-o-y 3%
2% 5%
+8.5% q-o-q 2%
21%
4%
5%
15%
31%
5%
12%
49.6
24%
45.7
18%
20%
19%
Singapore Malaysia Saudi Arabia
10.1
Cayman Islands Hong Kong India Hedge Fund Public Market
BVI USA Bahrain Private Equity Digital Asset
Q1FY26 Q4FY26 Q1FY27 Philippines Australia Delaware
Venture Capital Real Estate
Others
13 KFin Technologies Limited, Investor Presentation Q1 FY27
Issuer solutions - Maintaining the leadership position
No of corporate clients1 No of investor folios1
+27.2% y-o-y (in million) +7.2% y-o-y
• Added 672 clients in Q1FY27; Total clients’ base increased to 11,275
+6.3% q-o-q +4.8% q-o-q
• Folios increased by 8 million in Q1FY26; Total folios increased to 175 million
175
10,603 11,275 164 167
• New IPO mandates won during the quarter include Jio Platforms, Razorpay
Software,GarudaAerospace,andPushpBrand
7,987
124
110 • Main Board IPOs managed by KFintech in Q1FY27: 79.2% market share in
6,071
5,363 termsofissuesizeand66.7%marketshareintermsofnumberofIPOs
FY23 FY24 FY25 FY26 Q1FY27 FY23 FY24 FY25 FY26 Q1FY27
KFintech’s market share in NSE 500 companies
By June 30, 2025 March 31, 2026 June 30, 2026
No of clients2 38.2% 37.6% 37.7%
No of folios2 42.2% 42.2% 42.1%
Market capitalization2 50.8% 52.3% 50.0%
(1) End of period; (2) Based on the movement of clients in the NSE500 category
14 KFin Technologies Limited, Investor Presentation Q1 FY27
Other investor solutions: Younger & faster growing businesses
National Pension Scheme
Alternates, Private Wealth & PMS
No of Funds serviced by AAUM2 No of Subscribers2& market share4 +39.4% y-o-y
+22.7% y-o-y +27.9% y-o-y +6.1% q-o-q
KFintech1,2 +2.2% q-o-q (₹ billion) +19.3% q-o-q (in million)
11.9% 12.2% 14.0%
741 757
9.8% 2.33 12.0%
2,058 2.19
593 8.3%
1,725 7.3% 10.0%
496
1,453 1.62 8.0%
431
987 1.22 6.0%
0.96
615 4.0%
2.0%
FY23 FY24 FY25 FY26 Q1FY27
FY23 FY24 FY25 FY26 Q1FY27 0.0%
FY23 FY24 FY25 FY26 Q1FY27
• Total no of AIF funds2at 731 (excl. platform clients), market share3at 37.3% • KFintech’s subscriber base grew by 39.4% Y-o-Y vs 12.7% Y-o-Y growth for the
industry
• Won 15 new AIF funds including from JM Financial Asset Management, 360 One WAM ltd., Godrej
Asset Management Ltd, OnterraCapital Advisor LLP • Added 1,34,522 subscribers during Q1FY27; Overall subscribers’ base: 2.3
million2
• Won three deals for the wealth platform ‘mPowerWealth’ from private wealth management firms
in India • Market share in new subscriber addition at 22.0% vs 12.3% in Q1FY26
• Won a new mandate from a pension fund for end to end mPower platform solution5 • Added 640corporate clients during Q1; Overall corporate clients’ base: 6,1942
• No of mPower fund administration platform clients in India: 26; 8 AMCs and 8 pension fund
managers5are using the platform including 5 AMCs where KFintech is not the RTA
(1) Includes stamp duty, ISIN and platform clients; (2) End of Period; (3) Based on total AIF registered with SEBI; (4) On overall subscribers’ base: (5) In Jul’26
15 KFin Technologies Limited, Investor Presentation Q1 FY27
1. Company Overview
2. Key Highlights
3. Industry Highlights
4. Business Highlights
5. Financial Highlights
6. Team & Shareholding
Financial Performance
Consolidated KFin excl. Ascent Consolidated KFin incl. Ascent
Particulars Q1FY27 % Change Q1FY27 % Change
9.6% y-o-y 30.1% y-o-y
Revenue from Operations 3.004.1 3,565.4
1.6% q-o-q 2.7% q-o-q
4.0% y-o-y 7.1% y-o-y
EBITDA 1,184.4 1,219.8
4.3% q-o-q 5.1% q-o-q
212 bps y-o-y 278 bps y-o-y
EBITDA Margin (%) 39.4% 34.2%
243 bps q-o-q 733 bps q-o-q
3.4% y-o-y 2.6% y-o-y
PAT 798.8 752.1
6.3% q-o-q 7.3% q-o-q
160 bps y-o-y 227 bps y-o-y
PAT Margin (%) 26.6% 21.1%
223 bps q-o-q 709 bps q-o-q
8.4% y-o-y
Cash & Cash Equivalents* 6,870.7
20.4% q-o-q
3.4% y-o-y 2.6% y-o-y
Diluted EPS** 4.61 4.34
6.1% q-o-q 7.1% q-o-q
All figures are in ₹ million
*As on end of period;
**EPS for the quarter is not annualised
17 KFin Technologies Limited, Investor Presentation Q1 FY27
Quarterly Financial Trend
Revenue from Operations EBITDA & Margin* PAT & Margin**
30.1% Y-o-Y 7.1% Y-o-Y -2.6% Y-o-Y
35.0%
43.9% 30.2%
41.5% 40.9%
28.2%
37.0% 30.0%
34.2% 24.8%
23.4%
25.0%
21.1%
20.0%
3,709 3,473 3,565 1,516
3,092 1,357 15.0%
2,741 1,139 1,285 1,220 933 920
773 811 752
10.0%
5.0%
Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27
Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 0.0%
All figures are in ₹ million
*EBITDA margin excl. Ascent in Q1FY27 : 39.4%, Q4FY26 : 41.9%, Q3FY26 : 46.3%, FY26 : 43.5%
** PAT margin excl. Ascent in Q1FY27 : 26.6%, Q4FY26 : 28.8%, Q3FY26 : 29.2%, FY26 : 29.1%
18 KFin Technologies Limited, Investor Presentation Q1 FY27
Yearly Financial Trend
Revenue from Operations EBITDA & Margin* PAT & Margin**
60.0%
19.3% Y-o-Y 10.6% Y-o-Y 55.0% 3.3% Y-o-Y 35.0%
33.0%
30.5%
13,015 50.0%
43.8% 43.9% 29.4% 31.0%
10,908 41.4% 40.7% 45.0%
27.2% 29.0%
26.4%
40.0% 27.0%
8,375
7,200 35.0% 25.0%
5,297
4,790 3,326 3,437 23.0%
30.0%
3,666 2,460 21.0%
2,980 25.0% 1,957
19.0%
20.0%
17.0%
15.0% 15.0%
FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26
All figures are in ₹ million
FY26 figures represent consolidated numbers including Ascent Fund Services
*EBITDA margin excl. Ascent in FY26 : 43.5%
** PAT margin excl. Ascent in FY26 : 29.1%
19 KFin Technologies Limited, Investor Presentation Q1 FY27
Consolidated Financial Summary excl. Ascent
Particulars Q1FY27 Q4FY26 Q-o-Q Q1FY26 Y-o-Y FY26
Revenue
Domestic Mutual Fund Investor Solutions 2,152.0 2,132.4 0.9% 2,013.9 6.9% 8,527.6
International & Other Investor Solutions 469.6 444.0 5.8% 365.6 28.4% 1,681.3
Issuer Solutions 319.3 326.2 -2.1% 305.1 4.7% 1,539.5
Net Sale of Services 2,940.9 2,902.6 1.3% 2,684.6 9.5% 11,748.5
Other Operating Revenue 63.3 54.5 16.0% 56.0 12.9% 272.1
Revenue from operations* 3,004.1 2,957.2 1.6% 2,740.6 9.6% 12,020.5
Employee benefits expense** 1,211.8 1,150.6 5.3% 1,117.2 8.5% 4,561.2
Other expenses 608.0 568.8 6.9% 484.8 25.4% 2,230.1
Operating expenses 1,819.8 1,719.4 5.8% 1,602.0 13.6% 6,791.3
EBITDA 1,184.4 1,237.8 -4.3% 1,138.6 4.0% 5,229.3
Margin 39.4% 41.9% 41.5% 43.5%
Profit before tax (post share of associate) 1,075.2 1,178.2 -8.7% 1,049.1 2.5% 4,858.9
Margin 35.8% 39.8% 38.3% 40.4%
Tax expense 276.4 285.5 -3.2% 276.5 0.0% 1230.9
Net Profit after tax (reported) 798.8 852.3 -6.3% 772.6 3.4% 3,502.1
Margin 26.6% 28.8% 28.2% 29.1%
Diluted Earnings Per Share (EPS in ₹) 4.61 4.91 -6.1% 4.45 3.4% 20.16
All figures in ₹ million
*Revenue from operations (excl. GBS and Ascent Fund Services) grew by 10.0% y-o-y in Q1FY27 ; International & Other Investor Solutions (excl. GBS and Ascent Fund Services) revenue grew by 32.2% y-o-y in Q1FY27 ; Value-added-service (VAS) revenue (as % of overall
revenue): Q1FY27-6.4%; Q4FY26 –7.0%; Q1FY26 –7.0%; FY26 –7.8%;
**ESOP expenses: Q1FY27 –33.0 Q4FY26 –42.5; Q1FY25 –24.9; FY26 –125.8;
Depreciation expenses: Q1FY27 -196.3; Q4FY26 –199.6 ; Q1FY25 –176.4; FY26 –747.9;
20 KFin Technologies Limited, Investor Presentation Q1 FY27
Consolidated Financial Summary incl. Ascent
Particulars Q1FY27 Q4FY26 Q-o-Q Q1FY26 Y-o-Y FY26
Revenue
Domestic Mutual Fund Investor Solutions 2,152.0 2,132.4 0.9% 2,013.9 6.9% 8,527.6
International & Other Investor Solutions 1,030.8 960.1 7.4% 365.6 182.0% 2,675.8
Issuer Solutions 319.3 326.2 -2.1% 305.1 4.7% 1,539.5
Net Sale of Services 3,502.1 3,418.7 2.4% 2,684.6 30.5% 12,742.9
Other Operating Revenue 63.3 54.5 16.0% 56.0 12.9% 272.1
Revenue from operations* 3,565.4 3,473.3 2.7% 2,740.6 30.1% 13,014.9
Employee benefits expense** 1,607.7 1,517.6 5.9% 1,117.2 43.9% 5,250.8
Other expenses 737.9 670.9 10.0% 484.8 52.2% 2,467.5
Operating expenses 2,345.6 2,188.5 7.2% 1,602.0 46.4% 7,718.3
EBITDA 1,219.8 1,284.8 -5.1% 1,138.6 7.1% 5,296.7
Margin 34.2% 37.0% 41.5% 40.70%
Profit before tax (post share of associate) 1,034.1 1,147.8 -9.9% 1,049.1 -1.4% 4,803.9
Margin 29.0% 33.0% 38.3% 36.9%
Tax expense 282.0 295.9 -4.7% 276.5 2.0% 1240.9
Net Profit after tax (reported) 752.1 811.5 -7.3% 772.6 -2.6% 3,437.1
Margin 21.1% 23.4% 28.2% 26.4%
Diluted Earnings Per Share (EPS in ₹) 4.34 4.67 -7.1% 4.45 -2.6% 19.81
All figures in ₹ million
*Revenue from operations (excl. GBS) grew by 30.6% y-o-y in Q1FY27 ; International & Other Investor Solutions (excl. GBS) revenue grew by 192.1% y-o-y in Q1Y27 ; Value-added-service (VAS) revenue (as % of overall revenue): Q1FY27 –5.4% Q4FY26 –6.0%; Q1FY25 –7.0%;
FY26 –7.2%;
** ESOP expenses: Q1FY27 –33.0 Q4FY26 –42.5; Q1FY25 –24.9; FY26 –125.8;
Depreciation expenses: Q1FY27 -273.1; Q4FY26 –269.5 ; Q1FY25 –176.4; FY26 –8,627.7; Q1FY27 includes impact of ₹ 35.6 mntowards amortisation of customer relationships and brands, arising on account business combination entries for acquisition ofAscent Fund Services.
21 KFin Technologies Limited, Investor Presentation Q1 FY27
Revenue Break-up
Q1FY26 % Share Q4FY26 % Share Q1FY25 % Share FY26 % Share
Domestic Mutual Fund 2,152.0 60.4% 2,132.4 61.4% 2,013.9 73.5% 8,527.6 65.5%
International Investor Solutions 729.8 20.5% 709.1 20.4% 117.6 4.3% 1,587.2 12.2%
Issuer Solution 319.3 9.0% 326.2 9.4% 305.1 11.1% 1,539.5 11.8%
Alternates, Private Wealth and PMS 201.7 5.7% 160.0 4.6% 171.3 6.2% 735.9 5.7%
NPS 53.8 1.5% 55.9 1.6% 29.3 1.1% 163.8 1.3%
Other Allied Services 40.2 1.1% 29.9 0.9% 32.8 1.2% 132.7 1.0%
GBS 5.4 0.2% 5.3 0.2% 14.5 0.5% 56.2 0.4%
OPE 63.2 1.8% 54.5 1.6% 56.0 2.0% 272.1 2.1%
Total 3,565.4 100.0% 3,473.3 100.0% 2,740.6 100.0% 13,014.9 100.0%
All figures are in ₹ million
22 KFin Technologies Limited, Investor Presentation Q1 FY27
1. Company Overview
2. Key Highlights
3. Industry Highlights
4. Business Highlights
5. Financial Highlights
6. Team & Shareholding
Leadership Team
Venkata Satya Naga Sreekanth Nadella 22+ years of experience
Managing Director and Chief Executive Officer Previously served as Managing Director at Accenture Services and Transformation manager at IBM Global Services
Amit Murarka
Vivek Narayan Mathur 28+ years of experience 17+ years of experience across finance & strategy
CFO & Head–
Whole - Time Director Previously worked at Bharti BT Internet, American Previously worked at Future Generali, Aditya Birla Group,
International Business,
& Chief Financial Express, Bajaj Capital, Cigna TTK Health Insurance Standard & Poor
Head M&A
Officer
Praveen Shankaran
25+ years of experience in human resources
Sujay Puthran Chief Operating 18+ years of experience
Previously worked at Atos, Syntel Inc, Eserve International
Chief People Officer Officer –Domestic Previously worked at IndusInd Bank and Shinhan Bank
(Citigroup), Aditya Birla TransWorks
Fund Services
Gopala Krishnan 20+ years of experience in in leading sales, business
Senthil Gunasekaran
Giridhar 27+ years of experience in financial services development, marketing, and CRM
Chief Business
Chief Business Officer Previously worked at GIC AMC Previously worked at HDFC AMC, Religare Invesco AMC,
Development Officer
-Issuer Solutions Sundaram BNP Paribas AMC
16+ years of experience in system integration, sales &
HarbinderSingh NazishHussain Mir Co-founded WebileAppsin 2009, leading its evolution
business development, relationship management,
CountryHead – Chief Technology from a specialized startup into a 400-person engineering
business operations and liaising in Malaysia
organization supporting fintech, capital markets, and
Malaysia Officer
Previously worked at Deutsche Bank & AIA group healthcare platforms across Indian and international
markets.
Previously worked with Wipro Limited before founding
Webileapps
24 KFin Technologies Limited, Investor Presentation Q1 FY27
Board of Directors
Ex-CMD of Union Bank of India & Ex-Chairman IBA;
Vishwanathan Mavila DirectorofTransUnionCIBIL Ex-Chairman of SBI Bank & ; Managing Director
Nair Ex-non-executive chairman of SWIFT India Domestic Dinesh Khara (Associates&Subsidiaries)
(Chairman and Non- Services (Independent Director) 40+ years of experience in Banking , Mergers &
Executive Director) 51 years of experience in financial services and advising Amalagamation
fintechstartups
Founder of Viteos, Ex-CEO of Intertrust, Ex-Chief Strategy Group CFO at Kotak Mahindra Bank Limited.
Shankar Iyer Devang Gheewalla
Officer of CSC Over 30 years of experience in BFSI industry
(Independent (Non-Executive
40+ years experience in global capital markets and asset Prior to joining the Kotak Group, he was at KPMG for a
Director) Nominee Director)
management operations industry decade
40years of experience in private banking, alternative Over 26years of experience in information and
Chengalath Jayaram investments, including private equity funds and real technology
Srinivas Peddada
(Independent estate funds Principal at General Atlantic
(Non-Executive
Director) Ex-joint MD at Kotak Mahindra Bank ex-Chief Technology Officer at Dun & Bradstreet and ex-
Nominee Director)
1 3
Chair: SRC NRC Prior to joining the Kotak Group, he was with Overseas 5 CIO at Dun & Bradstreet South Asia Middle east Ltd., Ex-
Chair: ITSC
Sanmar Financial Limited Chief information officer with Bharat Financial Inclusion
Over 30 years of experience in India and Asia Pacific
Ex-general manager (operation and technology group Alok Chandra Misra
Kaushik Mazumdar Ex-Chief Operating Officer and Operating Partner at
head) at Samba Financial Group (Non-Executive
(Independent Director) General Atlantic
Over 31years of experience in banking, finance, Director)
Chair: Audit Committee 2 Ex-Group CFO at WNS Group, Ex-Group CFO at Mphasis
operations and technology, mergers and acquisitions, Chair : RMC
BFL Group. Fellow member of the Institute of Chartered
investment advisory and transformation projects
Accountants of India
30 years of experience in digital transformation and IT Shantanu Rastogi Managing Director in General Atlantic Pvt. Ltd.
Radha Rajappa
products & services (Non-Executive Over 20years of experience in financial services,
(Independent Director)
Chair: CSR 4 Committee Served in various leadership roles at Microsoft India, Nominee Director) technology, healthcare and consumer sectors in India and
6
Mindtree and IBM Chair: BD&SC Asia-Pacific region
(1) Stakeholders’ Relationship Committee; (2) Risk Management Committee; (3) Nomination & Remuneration Committee; (4) Corporate Social Responsibility; (5) IT Strategy Committee;(6) Business Development & Strategy Committee
25 KFin Technologies Limited, Investor Presentation Q1 FY27
Shareholding Pattern: as on 30th June 2026
Stock information
BSE Ticker 543720
NSE Symbol KFINTECH
Face Value (₹) 10.00
Others
29.2% No. of shares outstanding 17,28,27,638
Free Float 10,97,38,355
Depositories, Clearing Houses and Other
Industry
Intermediaries
Promoters
(General Atlantic)
22.8%
Top Institutional Holders
Abu Dhabi Investment Authority Axis MF
FPIs
Balckrock Bajaj Allianz Life Insurance
20.8%
Employees Retirement System of the State of
Hawaii Bandhan MF
Indus Capital Partners
Edelweiss MF
Banks, Insurance MFs Mercer Global Investment Management Go Digit General Insurance
Cos & Other DIIs 16.6% MiraeAsset Global Investments HSBC MF
10.7% NorgesBank Investment Management ICICI Lombard General Insurance
Pari Washington IIFL AIF
MMaarrkkeett CCaapp:: ₹₹1 5,211 cr SkerryvoreAsset Management Kotak Mahindra Bank
State Street Kotak MF
((aass oonn 330thJun’2026)
Vanguard MiraeMF
Wasatch Advisors LP Nippon India MF
26 KFin Technologies Limited, Investor Presentation Q1 FY27
Our Journey So Far
◼ Launch of ◼ New CEO appointed ◼ Acquired Hexagram ◼ Selected by Blackrock ◼ Acquired 2% stake in
Pension Services (fund accounting) Aladdin Provider SahamatiFoundation
◼ Launch of Issuer ◼ Launch of Alternative ◼ Acquired Sundaram BNP
Business Network as ninth (AA SRO)
Solutions and Wealth Paribas Fund Services RTA1 ◼ Listed on NSE & BSE
◼ General global FA partner
Business Management business
Atlantic buyout
Business
2023 2025
2019 2021
1995
-
- 2020 2022 2024 2026
2010 2018
1985
◼ Acquired
◼ Investment in
◼ Launch of Investor solutions ◼ International investor ◼ New chairman of ◼ Kotak Mahindra OneMoney majority 51%
(Domestic Mutual Fund solutions business in the board Bank acquired 9.9% (AA)1 stake in Ascent
Solutions Business) South-East Asia appointed stake Fund Services2,
◼ Acquired Singapore,
WebileApps expanding
global
footprint
Our Investor Solutions Issuer Solutions Value added solutions
Offerings
✓ Domestic Mutual Fund ✓ Alternatives, Wealth management and PMS
✓ International solutions ✓ Pension
Note: Years represent calendar year ending 31stMar; (1) Divested entire stake of 20.95% in July’24; (2) Acquired 51% stake on 13thOct’25 with a path to 100% ownership over the next 5 years
28 KFin Technologies Limited, Investor Presentation Q1 FY27
Our Growth Strategies
Maintain market leadership by further deepening
Attract and retain talent
relationship with existing clients
6 1
Expand client base and market share
5 2
Pursue strategic acquisitions
through enhanced sales and marketing
4 3
Investing in technology solutions and product
Focused, selective international expansion
innovation
29 KFin Technologies Limited, Investor Presentation Q1 FY27
Thank You!
30 KFin Technologies Limited, Investor Presentation Q1 FY27
Fact Sheet
Q1FY27
₹ 4.67
₹ 3,565.4 million
₹ 1,284.8 million ₹ 811.5 million
EPS
Revenue
EBITDA PAT
-2.6% Y-o-Y
+30.1% Y-o-Y
Margin at 37.0% Margin at 23.4%
-7.1% Q-o-Q
2.7% Q-o-Q
Domestic Mutual Fund Investor Solutions
Q1FY27 Q4FY26 Q1FY26 FY26
No of Operating Clients 26.0 26.0 24.0 26.0
AAUM Serviced (₹ billion)
27,306.2 26,435.4 23,452.9 26,435.4
(last quarter of the period)
AAUM Market share
32.8% 32.4% 32.5% 32.4%
(last quarter of the period)
AAUM Serviced (₹ billion)
27,306.2 26,435.4 23,452.9 25,323.0
(avg for the period)
AAUM Market share
32.8% 32.4% 32.5% 32.5%
(avg for the period)
Equity AAUM Serviced (₹ billion)
15,512.2 14,978.6 13,597.8 14,978.6
(last quarter of the period)
Equity AAUM Market share
32.4% 32.1% 33.0% 32.1%
(last quarter of the period)
Equity AAUM Serviced (₹ billion)
15,512.2 14,978.6 13,597.8 14,627.0
(avg for the period)
Equity AAUM Market share
32.4% 32.1% 33.0% 32.7%
(avg for the period)
Equity AAUM Mix
56.8% 56.7% 58.0% 56.7%
(last quarter of the period)
SIP inflows (billion)
341.7 340.7 311.6 1,323.3
(for the period)
SIP book AAUM (₹ billion)
5,559.6 5,080.9 4,690.9 5,080.9
(last quarter of the period)
SIP book AAUM market share
32.3% 31.7% 32.1% 31.7%
(last quarter of the period)
SIP live folios (million) (end of the
37.9 37.5 35.4 37.5
period)
No of Transactions (million) (for the
159.1 158.0 135.0 588.1
period)
Avg live folio count (million) (at the end
118.1 117.0 106.4 117.0
of the period)
1
International Investor Solutions: KFintech SEA
Q1FY27 Q4FY26 Q1FY26 FY26
No of clients 117.0 109.0 82.0 109.0
AAUM Serviced (₹ billion)
1,265.6 1,162.6 863.6 1,162.6
(at the end of the period)
Transctions handled (million)
0.9 1.0 0.8 3.8
(for the period)
International Investor Solutions: Ascent Fund Services
Q1FY27 Q4FY26 Q1FY26 FY26
No of clients 394.0 390.0 309.0 390.0
No of funds 836.0 818.0 667.0 818.0
AAUM Serviced ($ billion) 36.3 32.8 26.4 32.8
Issuer Solutions
Q1FY27 Q4FY26 Q1FY26 FY26
No of Clients 11,275.0 10,603.0 8,867.0 10,603.0
No of folios (million) (end of the
174.8 166.9 162.9 166.9
period)
No of Tranactions (million) (for the
0.6 0.7 0.7 2.9
period)
No of IPOs Handled (Main board) (for the
8.0 9.0 6.0 44.0
period)
Main Board IPOs – market share (basis no of
66.7% 47.4% 40.0% 38.3%
clients)
Main Board IPOs – market share (basis the
79.2% 58.3% 18.0% 42.0%
issue size)
NSE 500 companies – market share (basis the
50.0% 52.3% 50.8% 52.3%
market capitalisation)
Other Investor Solutions: AIF and Wealth Management
Q1FY27 Q4FY26 Q1FY26 FY26
No of funds being handled (cumulative) 731 716.0 592.0 716.0
Market share – based on no of funds (end of
37.3% 38.1% 37.0% 38.1%
period
AAUM (₹ billion) (end of
2,057.8 1,725.3 1,608.5 1,725.3
period)
2
Other Investor Solutions: National Pension Services
Q1FY27 Q4FY26 Q1FY26 FY26
No of Subscribers 2,328,318 2,193,796 1,669,972 2,193,796
Market share - on subscribers' base (end of
12.2% 11.9% 9.9% 11.9%
period)
Number of Corporates clients (end of
6,194.0 5,554.0 3,820.0 5,554.0
period)
AAUM (₹ billion) (end of
691.1 630.8 581.8 630.8
period)
No of POPs associated 94.0 94.0 94.0 94.0
3
Consolidated Income Statement (₹ million)
Q1FY27 Q4FY26 Q1FY25 FY26
Domestic Mutual Fund Investor Solutions
2,152.0 2,132.4 2,013.9 8,527.6
Issuer Solutions 1,030.8 960.1 365.6 2,675.8
International & Other Investor
319.3 326.2 305.1 1,539.5
Solutions
Net Sale of Services 3,502.1 3,418.7 2,684.6 12,742.9
Other Operating Revenue 63.3 54.5 56.0 272.1
Revenue from operations 3,565.4 3,473.3 2,740.6 13,014.9
Employee benefits expense 1,607.7 1,517.6 1,117.2 5,250.8
737.9 670.9 484.8 2,467.5
Other expenses
Operating expenses 2,345.6 2,188.5 1,602.0 7,718.3
1,219.8 1,284.8 1,138.6 5,296.7
EBITDA
34.2% 37.0% 41.5% 40.7%
Margin
1,036.6 1,151.9 1,051.6 4,811.5
Profit before tax
Margin 29.1% 33.2% 38.4% 37.0%
-2.5 -4.1 -2.6 -7.6
Share of profit of associate
282.0 295.9 276.5 1,240.9
Tax expense
Net Profit after tax 752.1 811.5 772.6 3,437.1
Margin 21.1% 23.4% 28.2% 26.4%
Diluted EPS (in INR) 4.34 4.67 4.45 19.81
5.4% 6.0% 7.0% 7.2%
Value-added-services (as % of
overall revenue)
33.0 42.5 24.9 125.8
ESOP Expenses
39.6% 38.6% 26.5% 34.5%
Non-domestic mutual fund revenue (as % of
overall revenue)
Revenue Break up
Q1FY27 Q4FY26 Q1FY26 FY26
Domestic Mutual Fund 2,152.0 2,132.4 2,013.9 8,527.6
International Investor Solutions 729.8 709.1 117.6 1,587.2
319.3 326.2 305.1 1,539.5
Issuer Solution
201.7 160.0 171.3 735.9
Alternates, Private Wealth and PMS
NPS 53.8 55.9 29.3 163.8
40.2 29.9 32.8 132.7
Other Allied Services
5.4 5.3 14.5 56.2
GBS
63.2 54.5 56.0 272.1
OPE Revenues
3,565.4 3,473.3 2,740.6 13,014.9
Total
For more information please contact:
Ram Gattani
Email: InvestorRelations@kfintech.com
4
B S R and Co Salarpuria Knowledge City, Orwell
B Wing, 6th Floor, Unit-3, Sy No. 83/1
Plot No. 02, Raidurg
Chartered Accountants
Hyderabad – 500 081, India
Telephone + 91 407 182 2000
Fax + 91 407 182 2399
Limited Review Report on unaudited consolidated financial results of KFin
Technologies Limited for the quarter ended 30 June 2026 pursuant to Regulation 33
of Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended
To the Board of Directors of KFin Technologies Limited
1. We have reviewed the accompanying Statement of unaudited consolidated financial results of KFin
Technologies Limited (hereinafter referred to as “the Parent”), and its subsidiaries (the Parent and its
subsidiaries together referred to as “the Group”) and its share of the net loss after tax and total
comprehensive loss of its joint venture for the quarter ended 30 June 2026 (“the Statement”), being
submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended ("Listing Regulations").
2. This Statement, which is the responsibility of the Parent’s management and approved by the Parent’s
Board of Directors, has been prepared in accordance with the recognition and measurement
principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”),
prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally
accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility
is to express a conclusion on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the
Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial
information consists of making inquiries, primarily of persons responsible for financial and accounting
matters, and applying analytical and other review procedures. A review is substantially less in scope
than an audit conducted in accordance with Standards on Auditing and consequently does not enable
us to obtain assurance that we would become aware of all significant matters that might be identified
in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the Securities and Exchange
Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.
4. The Statement includes the results of the following entities:
S Name of the component Country Relationship
No
1 KFin Technologies (Bahrain) W.L.L. Bahrain Subsidiary
2 KFin Technologies (Malaysia) SDN. Malaysia Subsidiary
BHD.
3 KFin Services Private Limited India Subsidiary
4 Hexagram Fintech Private Limited India Subsidiary
5 Hexagram Fintech SDN. BHD. Malaysia Subsidiary
Principal Office:
14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center,
Western Express Highway, Goregaon (East), Mumbai - 400063
Page 1 of 4
B S R and Co
Limited Review Report (Continued)
KFin Technologies Limited
6 KFin Global Technologies (IFSC) India Subsidiary
Limited
7 WebileApps (India) Private Limited India Subsidiary
8 WebileApps Technology Services India Subsidiary
Private Limited
9 KFin Technologies (Thailand) Limited Thailand Subsidiary
10 KFin Technologies (Singapore) Pte. Singapore Subsidiary
Ltd
11 Ascent Fund Services (Singapore) Pte. Singapore Subsidiary
Ltd.
12 Ascent Corporate Solutions Pte. Ltd. Singapore Subsidiary
13 Ascent Global Fintech Solutions Pte. Singapore Subsidiary
Ltd.
14 Ascent GlobalOP Sdn. Bhd. Malaysia Subsidiary
15 Ascent Fund Services (Hong Kong) Hong Kong Subsidiary
Limited
16 Ascent Fund Services (Shanghai) Co. China Subsidiary
Ltd.
17 Ascent Fund Services (Japan) Ltd. Japan Subsidiary
18 Ascent Fund Services (Australia) Pty. Australia Subsidiary
Ltd.
19 Ascent Corporate Solutions (Hong Hong Kong Subsidiary
Kong) Limited
20 Ascent Fund Services (India) Private India Subsidiary
Limited
21 AscentFS (Mauritius) Ltd Mauritius Subsidiary
22 AscentFS Management (Mauritius) Ltd. Mauritius Subsidiary
23 Ascent Fund Services Ltd. Subsidiary
Page 2 of 4
B S R and Co
Limited Review Report (Continued)
KFin Technologies Limited
24 Ascent FS (India) LLP India Subsidiary
25 Ascent Fund Services (USA) LLC United States of Subsidiary
America
26 Ascent Fund Services (UK) Limited United Kingdom Subsidiary
27 Ascent Management Consulting Saudi Arabia Subsidiary
28 Ascent Fund Services (DIFC) Ltd. Subsidiary
29 Ascent Fund Services L.L.C UAE Subsidiary
30 KFin Employee Welfare Trust India Controlled Trust
31 MFC Technologies Private Limited India Joint Venture
5. Attention is drawn to the fact that the figures for the three months ended 31 March 2026 as reported
in the Statement are the balancing figures between audited figures in respect of the full previous
financial year and the published year to date figures up to the third quarter of the previous financial
year. The figures up to the end of the third quarter of previous financial year had only been reviewed
and not subjected to audit.
6. Based on our review conducted and procedures performed as stated in paragraph 3 above and based
on the consideration of the review reports of the other auditors referred to in paragraph 8 below,
nothing has come to our attention that causes us to believe that the accompanying Statement,
prepared in accordance with the recognition and measurement principles laid down in the aforesaid
Indian Accounting Standard and other accounting principles generally accepted in India, has not
disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations,
including the manner in which it is to be disclosed, or that it contains any material misstatement.
7. We draw attention to Note 4 of the unaudited consolidated financial results for the quarter ended 30
June 2026, where pre-amalgamated Company was the Registrar and Transfer Agent (‘RTA’) of a
past client (“the Client”) until 5 April 2021. The Client had a demat account with one of the Depository
Participants (“DP”) for depositing its shares in escrow for the purposes of its initial public offering
(“IPO”). The Parent Company identified that 1,294,489 shares were transferred by the DP (in 2011
and 2020) from the said escrow account of the Client to the DP’s own demat account and to Third
Party’s demat account through an off-market transaction without any authorisation from the Client.
The Board of Directors of the Parent Company after considering legal advice transferred 1,294,489
shares to the escrow account of the Client on a ‘good faith and no fault’ basis, after reducing the
amount payable upon redemption, in future, of the Redeemable Preference Shares issued in October
2021, by INR 300 million, pursuant to an indemnity clause mentioned in the agreement for the
issuance of such Redeembale Preference Shares. The dividend received on such shares by the
Parent Company in the financial year 2021-22 of INR 4.08 million was also transferred to the Client.
The Parent Company has recognised an amount of INR 91.55 million as a provision as of 30 June
2026 in the consolidated financial results related to potential claims by the Client (including dividends
on such shares for the earlier periods). Pending the final settlement of terms to be agreed with the
Client, the Parent Company has measured the said provision at its best estimate. The Parent
Company will initiate proceedings against the concerned parties, including certain minority
shareholders, for recovery of the amount paid and payable by the Parent Company in connection with
this matter upon completion of final settlement with the Client.
Page 3 of 4
B S R and Co
Limited Review Report (Continued)
KFin Technologies Limited
Our conclusion is not modified in respect of this matter.
8. We did not review the financial information of 24 Subsidiaries included in the Statement, whose
financial information reflect total revenues (before consolidation adjustments) of INR 803.73 million,
total net loss after tax (before consolidation adjustments) of INR 16.16 million and total
comprehensive loss (before consolidation adjustments) of INR 17.03 million, for the quarter ended 30
June 2026, as considered in the Statement. This interim financial information has been reviewed by
other auditors whose reports have been furnished to us by the Parent’s management and our
conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect
of these subsidiaries, is based solely on the reports of the other auditors and the procedures
performed by us as stated in paragraph 3 above.
Certain of these subsidiaries are located outside India whose financial information have been
prepared in accordance with accounting principles generally accepted in their respective countries
and which have been reviewed by other auditors under generally accepted auditing standards
applicable in their respective countries. The Parent’s management has converted the financial
information of such subsidiaries located outside India from accounting principles generally accepted
in its respective countries to accounting principles generally accepted in India. We have reviewed
these conversion adjustments made by the Parent’s management. Our conclusion in so far as it
relates to the balances and affairs of such subsidiaries located outside India is based on the reports
of other auditors and the conversion adjustments prepared by the management of the Parent and
reviewed by us.
Our conclusion is not modified in respect of this matter.
For B S R and Co
Chartered Accountants
Firm’s Registration No.:128510W
Amit Kumar Bajaj
Partner
Hyderabad Membership No.: 218685
24 July 2026 UDIN:26218685ASZPKF9943
Page 4 of 4
B S R and Co Salarpuria Knowledge City, Orwell
B Wing, 6th Floor, Unit-3, Sy No. 83/1
Plot No. 02, Raidurg
Chartered Accountants
Hyderabad – 500 081, India
Telephone + 91 407 182 2000
Fax + 91 407 182 2399
Limited Review Report on unaudited standalone financial results of KFin
Technologies Limited for the quarter ended 30 June 2026 pursuant to Regulation 33
of Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended
To the Board of Directors of KFin Technologies Limited
1. We have reviewed the accompanying Statement of unaudited standalone financial results of KFin
Technologies Limited (hereinafter referred to as “the Company”) for the quarter ended 30 June 2026
(“the Statement”).
2. This Statement, which is the responsibility of the Company’s management and approved by its Board
of Directors, has been prepared in accordance with the recognition and measurement principles laid
down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under
Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India
and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).
Our responsibility is to issue a report on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the
Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial
information consists of making inquiries, primarily of persons responsible for financial and accounting
matters, and applying analytical and other review procedures. A review is substantially less in scope
than an audit conducted in accordance with Standards on Auditing and consequently does not enable
us to obtain assurance that we would become aware of all significant matters that might be identified
in an audit. Accordingly, we do not express an audit opinion.
4. Attention is drawn to the fact that the figures for the three months ended 31 March 2026 as reported
in the Statement are the balancing figures between audited figures in respect of the full previous
financial year and the published year to date figures up to the third quarter of the previous financial
year. The figures up to the end of the third quarter of previous financial year had only been reviewed
and not subjected to audit.
5. Based on our review conducted as above, nothing has come to our attention that causes us to believe
that the accompanying Statement, prepared in accordance with the recognition and measurement
principles laid down in the aforesaid Indian Accounting Standard and other accounting principles
generally accepted in India, has not disclosed the information required to be disclosed in terms of
Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it
contains any material misstatement.
6. We draw attention to Note 4 of the unaudited standalone financial results for the quarter ended 30
June 2026, where pre-amalgamated Company was the Registrar and Transfer Agent (‘RTA’) of a
past client (“the Client”) until 5 April 2021. The Client had a demat account with one of the Depository
Participants (“DP”) for depositing its shares in escrow for the purposes of its initial public offering
(“IPO”). The Company identified that 1,294,489 shares were transferred by the DP (in 2011 and 2020)
from the said escrow account of the Client to the DP’s own demat account and to Third Party’s demat
account through an off-market transaction without any authorisation from the Client. The Board of
Directors of the Company after considering legal advice transferred 1,294,489 shares to the escrow
account of the Client on a ‘good faith and no fault’ basis, after reducing the amount payable upon
redemption, in future, of the Redeemable Preference Shares issued in October 2021, by INR 300
million, pursuant to an indemnity clause mentioned in the agreement for the issuance of such
Redeembale Preference Shares. The dividend received on such shares by the Company in the
Principal Office:
14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center,
Western Express Highway, Goregaon (East), Mumbai - 400063
Page 1 of 2
B S R and Co
Limited Review Report (Continued)
KFin Technologies Limited
financial year 2021-22 of INR 4.08 million was also transferred to the Client.
The Company has recognised an amount of INR 91.55 million as a provision as of 30 June 2026 in
the standalone financial results related to potential claims by the Client (including dividends on such
shares for the earlier periods). Pending the final settlement of terms to be agreed with the Client, the
Company has measured the said provision at its best estimate. The Company will initiate proceedings
against the concerned parties, including certain minority shareholders, for recovery of the amount
paid and payable by the Company in connection with this matter upon completion of final settlement
with the Client.
Our conclusion is not modified in respect of this matter.
For B S R and Co
Chartered Accountants
Firm’s Registration No.:128510W
Amit Kumar Bajaj
Partner
Hyderabad Membership No.: 218685
24 July 2026 UDIN:26218685MONFIH6307
Page 2 of 2