• The event was a Q2 and H1 FY27 Earnings Conference Call.
  • The call was held on October 30, 2026. A specific time and time zone were not disclosed in the provided transcript.
  • The stated purpose of the call was to discuss the company's financial and operational performance for the second quarter and first half of the fiscal year 2027.
  • The meeting was scheduled after the earnings announcement, as it is a discussion of the announced results.
  • Management Participants:
  • Mr. Anuj Kumar, Managing Director and Chief Executive Officer
  • Mr. Ram Charan, Chief Financial Officer
  • Mr. Anish Sawlani, Head, Investor Relations
  • The call was moderated by Mr. Nikunj Seth from MUFG Intime Private Limited.
  • The moderator stated that the conference was being recorded. It was indicated that an investor presentation had been published, which contained a detailed disclaimer regarding forward-looking statements.
  • The company did not explicitly state that no Unpublished Price Sensitive Information (UPSI) would be shared in this specific call. However, the discussion was based on already announced results and published presentation materials.

Financial Highlights Discussed:

  • Operating Revenue: Grew 10% year-on-year (YoY) to INR415 crores, crossing the INR400 crore mark for the first time.
  • EBITDA: Increased by 13.5% YoY to approximately INR191 crores.
  • EBITDA Margin: Expanded by 140 basis points YoY to 46%.
  • PAT: Increased by 14.5% YoY.
  • MF AUM: Grew 12.5% YoY to ~INR58.5 lakh crores, maintaining a 67% market share.
  • Equity AUM: Grew 15.5% YoY, ahead of the industry growth of 15.2%.
  • SIP Collections: Grew 16.5% YoY, against an industry growth of 12.4%.
  • Non-MF Revenue: Contribution increased to nearly 16% of total revenue, growing 21% YoY and 11% quarter-on-quarter (QoQ).
  • CAMSPay Revenue: Contributed over 6% to total revenue, growing over 50% YoY and 13% QoQ.
  • Profitability: Non-MF business profitability was reported to be upwards of 18%.
  • Expense Growth: Was contained at 7% YoY, despite absorbing an INR8.5 crore impact from employee appraisals deferred from Q1.
  • Cash Position: Ended the quarter with INR900 crores in cash.
  • Dividend: An interim dividend of INR3.25 per share was declared.

Strategic and Operational Updates:

  • New Client Wins: InCred AMC was appointed as an MF RTA client, bringing the total to 32 out of 64 licensed AMCs. ASK Investments and Carnelian went live with their maiden funds.
  • New Products: SIF (Special Situation Funds) AUM reached ~INR20,000 crores across 12 AMCs. GIFT City retail funds AUM crossed INR1,500 crores.
  • Technology & Platform: Progress on the new 'rearchitecture' platform is ~30% complete. The new FUNDSNet utility is live, with plans to sunset the legacy system by March/April. The project incurred an INR4 crore cost in Q2, with cumulative costs of INR27 crores taken to opex so far. AI deployment is improving productivity, contributing to a headcount reduction from 8,450 to 8,200 since the start of the year.
  • Other Businesses: Alternatives AUM crossed INR3.3 lakh crores. Insurance Repository (Bima Central) crossed 1.5 crore demat policies. The ConsenPro product (DPDP implementation) is under implementation with 20 clients.

Additional Notes Section

  • The document is a transcript of the earnings conference call. An investor presentation was referenced but not included in the provided text.
  • The announcement contained extensive financial data and operational metrics as summarized above.
  • Logistical details like dial-in numbers were part of the moderator's opening remarks but are excluded from this summary as per instructions.