Emkay Global Q1 FY27 PAT Surges 90% YoY

Consolidated revenue increased 24% YoY to ₹965 million in Q1 FY27
Consolidated profit after tax grew 90% YoY to ₹91 million
PMS and AIF assets under management increased 61% YoY to ₹23,700 million compared to ₹14,689 million a year ago
Wealth AUM reached ₹2,05,444 million as of 30 June 2026
All nine investment strategies outperformed their respective benchmarks during the quarter
Wealth Management expanded footprint with addition of four new locations
Institutional Equities team organized 9 roadshows, 26 corporate/expert client calls and meetings, and 2 group calls/events/conferences
Released 351 research reports (48 industry reports and 303 company reports)

Strong momentum in Asset Management business with diversified AUM mix (70% PMS and Advisory, 30% AIFs)
Technology investments in digital transformation, trading infrastructure, enterprise data capabilities, cloud readiness and cybersecurity
Expansion of third-party distribution network with MFDs, National Distributors and Banks accounting for 51% of distribution mix

Capital Markets Revenue: ₹919 million from operations in Q1 FY27 (down 38% QoQ from ₹1,484 million in Q4 FY26)
Other Income: ₹46 million in Q1 FY27
Asset Management: Emkay Capital Builder PMS & AIF AUM reached ₹6,059 million; Emkay SMID Cap PMS & AIF AUM grew to ₹1,873 million

Revenue: ₹965 million (Q1 FY27)

EBITDA: Not explicitly specified

PAT: ₹91 million (Q1 FY27)

EPS: Not explicitly specified

Margins: Not explicitly specified

YoY/QoQ comparison: Revenue up 24% YoY, PAT up 90% YoY; Revenue down 37% QoQ from ₹1,532 million in Q4 FY26

Drivers of financial performance: Strong AUM growth, healthy investor participation, sustained growth across investment platform

Not Specified

Financial Assets (FY26): ₹16,677 million

Total Assets (FY26): ₹17,402 million

Financial Liabilities (FY26): ₹12,916 million

Equity (FY26): ₹3,807 million

Not Specified

Technology as strategic enabler with focused team balancing core-system stability with modernization
Digital transformation spanning digital onboarding, modern web/mobile journeys, unified client engagement
Enhanced trading ecosystem with algorithmic and API-led execution and low-latency connectivity
Adopted governance-first approach to AI under human-in-the-loop model
Enterprise data strategy to enable data-driven decisions
Investment in scalable, cloud-ready infrastructure with strengthened business-continuity
Strengthened cybersecurity posture and regulatory readiness

Q1 FY27 strong quarter for domestic equity markets with Nifty 50 up 7.4%, Nifty Mid-cap 150 up 17.4%, Nifty Small-cap 250 up 24.1%
Heightened volatility from US-Iran conflict causing crude oil price swings ($100+ in April, ~$60 in June, ~$90 recovery)
Indian Rupee under pressure with USD/INR moving from 92.64 to beyond 96
Corporate earnings remained resilient with Q4 FY26 growth: Nifty 7%, mid-cap 40.7%, small-cap 8.5%
RBI introduced FCNR(B) deposit scheme to attract NRI dollar deposits, expected inflows of $50-70 billion
Domestic participation strong with inflows of ~₹2.2 lakh crore, while FPI recorded net outflows of ~₹1.75 lakh crore

Focus on disciplined execution and strengthening franchise across businesses
Priority to deepen presence in Tier-2 and Tier-3 markets for Asset Management
Continue strengthening relationships with MFDs, National Distributors and banking partners
Explore white-label partnerships to extend investment capabilities
India's macroeconomic fundamentals continue to provide confidence