KFin Technologies Limited has informed the Exchange about Transcript of Earnings Conference Call held on October 28, 2025
KFINTECH · price
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KFin Technologies reported Q2 FY26 revenue of INR 309 crores, up 10.3% year-on-year and 12.8% sequentially, with EBITDA margin at 43.9% and PAT margin at 30.2%. The company completed the acquisition of Singapore-based Ascent Fund Services during the quarter, investing INR 308 crores, which expands its presence to 18 geographies and 7 regulators. KFin won 4 out of 4 new mutual fund mandates launched in India and its SIP book holds at 40% of industry. Alternative Investment Fund (AIF) assets crossed INR 1.8 trillion, with management targeting INR 2 trillion soon. National Pension System market share reached 10.3%, growing 3x the industry rate. Management confirmed they remain range-bound on their EBITDA and PAT guidance, with one-off M&A costs currently weighing on margins. Issuer Solutions saw transitory margin pressure due to scaling costs for new IPOs and one-time professional charges for verifying old unclaimed shares. Cash position stood at INR 413 crores post Ascent investment and INR 129 crore dividend payout.
Short-term, margins are slightly compressed by acquisition-related one-off costs and Issuer Solutions scaling expenses, but management has reaffirmed full-year EBITDA and PAT guidance, suggesting confidence in core profitability. The Ascent acquisition strengthens KFin's global fund administration ambitions and could materially expand international revenue over a 3-5 year horizon, making it a key stock story for investors with a longer time frame.