Financial Highlights - Q2FY27

  • Revenue from operations: ₹4,018.0 million, up 29.9% YoY
  • International and other investor solutions revenue: up 157.9% YoY (20.9% YoY excluding Ascent)
  • Ascent Fund Services revenue: up 31.3% YoY
  • EBITDA: ₹1,610.3 million, up 18.7% YoY
  • EBITDA margin: 40.1% including Ascent, 45.8% excluding Ascent
  • PAT: ₹1,003.4 million, up 7.5% YoY
  • PAT margin: 25.0% including Ascent, 30.5% excluding Ascent
  • Diluted EPS: ₹5.78, up 7.5% YoY
  • Non-domestic mutual fund revenue share: 42.1% of overall revenue

Financial Highlights - H1FY27

  • Revenue from operations: ₹7,583.3 million, up 30.0% YoY
  • International and other investor solutions revenue: up 168.8% YoY (24.3% YoY excluding Ascent)
  • EBITDA: ₹2,830.1 million, up 13.4% YoY
  • EBITDA margin: 37.3% including Ascent, 42.8% excluding Ascent
  • PAT: ₹1,755.6 million, up 2.9% YoY
  • PAT margin: 23.2% including Ascent, 28.7% excluding Ascent
  • Diluted EPS: ₹10.12, up 3.0% YoY
  • Non-domestic mutual fund revenue share: 41.0% of overall revenue
  • Cash and cash equivalents: ₹5,508.6 million as of September 30, 2026

Business Highlights - Q2FY27

Domestic Mutual Fund Investor Solutions

  • Overall AAUM growth: 15.1% YoY vs industry growth of 13.1%
  • Overall AAUM market share: 33.1%
  • Equity AAUM growth: 14.3% YoY vs industry growth of 15.0%
  • Equity AAUM market share: 32.8%
  • Won new RTA deal from Ashika Group

International Investor Solutions

  • Number of international clients: 515 (Ascent: 394, KFintech SEA: 121)
  • AAUM increased to US$51.9 billion (₹4,943 billion) from US$10.6 billion (₹934 billion) YoY
  • Won four new mandates for fund administration in GIFT City
  • Singapore, USA, and Middle East remain fastest-growing markets for Ascent
  • 24 new funds added in Singapore, 10 in US, 7 in Middle East

Issuer Solutions

  • Added 437 new corporate clients
  • Market share in NSE500 companies: 50.2%
  • New IPO mandates: Abakkus Asset Manager, Mahanadi Coalfields, JSW One platform, Goldi Solar, Muthoot FinCorp

Alternative Funds & Wealth Management

  • Number of alternate funds: 785
  • Market share: 37.2%
  • AUM grew 12.9% YoY to ₹20.3 trillion
  • Won 25 new AIF funds including from JM Financial Asset Management, 360 One WAM, Godrej Asset Management, Onterra Capital Advisor
  • Won new mandate from pension fund for end-to-end mPower platform solution

National Pension Scheme (NPS)

  • Subscriber base: 2.5 million, up 41.2% YoY vs industry growth of 14.1%
  • Market share in overall subscribers: 12.8% as of September 30, 2026 (up from 10.3% as of June 30, 2025)

Management Commentary

Sreekanth Nadella, MD and CEO, commented: "Our financial results for the second quarter reflect KFintech's resilience, product innovation capabilities and AI driven execution excellence across the operating business lines. Revenues grew 30% y-o-y, led by strong deal wins across segments and the growing scale of our international business albeit shallow momentum in the domestic public markets. EBITDA has expanded sequentially, driven by scale benefits in non-mutual fund operating lines, deployment of AI and RPA driven productivity levers and disciplined cost management."

Key Financial Metrics Comparison

| Period | Revenue (₹ million) | EBITDA (₹ million) | EBITDA Margin | PAT (₹ million) | PAT Margin | Diluted EPS (₹) |

| Q2FY27 | 4,018.0 | 1,610.3 | 40.1% | 1,003.4 | 25.0% | 5.78 |

| Q1FY27 | 3,565.4 | 1,219.8 | 34.2% | 752.1 | 21.1% | 4.34 |

| Q2FY26 | 3,092.3 | 1,357.1 | 43.9% | 933.1 | 30.2% | 5.38 |

| H1FY27 | 7,583.3 | 2,830.1 | 37.3% | 1,755.6 | 23.2% | 10.12 |

| H1FY26 | 5,832.9 | 2,495.7 | 42.8% | 1,705.7 | 29.2% | 9.83 |

Revenue Breakdown - Q2FY27

  • Domestic Mutual Fund: 57.9% (₹2,324.7 million)
  • International Investor Solutions: 19.8% (₹796.7 million)
  • Issuer Solution: 12.7% (₹508.9 million)
  • Alternates, Private Wealth and PMS: 5.6% (₹226.1 million)
  • NPS: 1.0% (₹40.5 million)
  • Other Allied Services: 1.0% (₹39.3 million)
  • GBS: 0.1% (₹5.5 million)
  • Other Operating Revenue: 1.9% (₹76.3 million)

Company Overview

KFin Technologies Limited is a technology-driven financial services platform providing comprehensive services to capital markets ecosystem including asset managers and corporate issuers across asset classes in India and global investor solutions across 18 jurisdictions. In India, KFintech is the largest investor solutions provider to Indian mutual funds and largest issuer solutions provider based on number of clients serviced as of September 30, 2026.

Shareholding Pattern

As of September 30, 2026:

  • Number of shares outstanding: 172,872,079
  • Free float: 124,917,931
  • Face value: ₹10.00
  • Industry: Depositories, Clearing Houses and Other Intermediaries

Legal and Regulatory Matters

The company disclosed a provision of ₹93.02 million towards potential claims by a former client related to unauthorized share transfers from an escrow account in 2011 and 2020. The matter involves 1,294,489 shares that were transferred without authorization from a client's demat account. The company has transferred these shares back to the client's escrow account on a 'good faith and no fault' basis and intends to initiate proceedings against concerned parties upon conclusion of settlement.

Dividend Information

The Board of Directors recommended a final dividend of ₹12.00 per equity share for FY2025-26, which was approved by shareholders at the Annual General Meeting held on July 22, 2026.

Corporate Action

The Board approved the Composite Scheme of Amalgamation of WebileApps (India) Private Limited and Hexagram Fintech Private Limited (wholly-owned subsidiaries) and WebileApps Technology Services Private Limited (step-down subsidiary) with and into KFin Technologies Limited. Applications were filed with NCLT (Mumbai branch) on October 15, 2026.