Emkay Global Financial Services Limited · NSE:EMKAY
Emkay Global Financial Services — Q4 FY25 Earnings Presentation
36 slides from Emkay Global Financial Services's earnings presentation, May 21, 2025
Slide 1: Cover letter to stock exchanges
Date: 21st May, 2025 To, To, Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex P. J. Tower, Dalal Street, Bandra (East), Mumbai-400 051 Mumbai 400 001 NSE Symbol: EMKAY BSE Scrip Code:532737 Dear Sir/Madam Sub: Investor Pr
Slide 2: Earnings Presentation Q4 FY25
EARNINGS PRESENTATION Q4 1 FY 25
Slide 3: Dear Investors
Dear Investors, Greetings! We are delighted to share that FY25 was a landmark year for Emkay Global—our best-ever performance since inception. We achieved a 14% year-on-year growth in consolidated revenue, reaching INR 3,612 million, and a 75% surge in consolidated PAT to INR 568 million. Reflecting
Slide 4: Investor Insights: Addressing Your Key Questions
Investor Insights: Addressing Your Key Questions 3 Q4 FY 25
Slide 5: Group Performance
Group Performance How would you summarize Emkay’s overall performance in FY25 across all business verticals, and what were the key drivers of growth? What is the current revenue mix across the company’s key business verticals, and how do you expect this to evolve over the next 2–3 years? FY25 was a
Slide 6: Capital Markets
Capital Markets How has the full-year performance in Institutional Equities compared to your expectations at the start of FY25? Our Institutional Equities revenues for FY25 stood at INR 1.4 billion, reflecting a robust 47% year-on-year growth. This performance was in line with the internal targets w
Slide 7: Asset Management
Asset Management How did the vertical and your flagship PMS strategy perform over FY25? Our total AUM and advisory crossed ₹14,750 million, with PMS and AIF assets growing 36% year-on-year to INR 12,259 million. Emkay Capital Builder, our flagship portfolio management strategy, outperformed the benc
Slide 8: Wealth Management
Wealth Management What was the AUM and revenue growth in FY25, and what were the key drivers behind this performance? During FY25, our Wealth AUM registered a robust YoY growth of 33%, reaching INR 1,79,781 million, while revenues rose by 13% YoY to INR 949 million. The key growth driver was our del
Slide 9: Business Performance
BUSINESS PERFORMANCE 8 Q4 FY 25
Slide 10: Key Performance Indicators: FY25 at a Glance
KEY PERFORMANCE INDICATORS EMKAY: FY25 AT A GLANCE (INR million) 1,92,040 1,79,781 12,259 3,612 Total Assets Wealth Assets PMS & AIF AUM Revenue 33%YoY 33 %YoY 36%YoY 14% YoY 607 568 534 40,000 PBT PAT Total Employees Client Base 36% YoY 75% YoY As on 31.03.2025 As on 31.03.2025 5,389 3,032 21% 6,72
Slide 11: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Particulars (INR Mn) FY25 FY24 REVENUE Income from Operations 3,362 2,864 Other Income 250 307 Total Revenue 3,612 3,171 EXPENSES Employee Benefits Expenses 1,709 1,508 Finance Costs 70 49 Depr. & Amort. Expenses 116 98 Other Expenses 1,110 1,071 Total Expenses 3,005 2,
Slide 12: Key Highlights of FY25
KEY HIGHLIGHTS OF FY25 Financials Capital Market Transactions The Consolidated Emkay was the merchant banker to nine equity fundraising transactions amounting to INR revenue increased by 1,49,773.8 million across products like IPOs and QIPs, and advisor for a preferential issue 14% YoY to INR 3,612
Slide 13: Key Highlights of FY25: Information Technology
KEY HIGHLIGHTS OF FY25 I N F O R M AT I O N T E C H N O L O G Y Technological advancements have been a cornerstone of our growth this year. In line with our digital-first approach, technology-related capex and opex in FY25 stood at INR 55 million and INR 113 million, respectively, reflecting our com
Slide 14: Revenue Mix
REVENUE MIX (INR Mn) Capital Markets Asset Management 4,000 3,612 Wealth Management Others including Treasury 3,171 3,500 501 3,000 732 949 2,500 2,000 197 840 1,500 149 994 768 839 1,000 1,965 176 96 118 1,450 172 186 301 500 46 51 53 447 489 466 - Q4 FY25 Q3 FY25 Q4 FY24 12M FY25 12M FY24 13 Q4 FY
Slide 15: Capital Markets
CAPITAL MARKETS 14 Q4 FY 25
Slide 16: Capital Market Performance
CAPITAL MARKET PERFORMANCE Capital Market Revenue (INR Mn) Equity Market ADTO (in bn) 4% 36% 1,388 1,318 1,190 9% 1,109 1,009 1,965 871 1,450 447 489 466 Q4 FY25 Q3 FY25 Q4 FY24 12M FY25 12M FY24 Q3 FY24 Q4FY24 Q1FY25 Q2 FY25 Q3FY25 Q4 FY25 Derivative Market ADTO (in bn) Emkay's ADTO (in bn) 4,67,91
Slide 17: Key Highlights
KEY HIGHLIGHTS Merchant banker for nine equity 46 37 fundraising transactions totaling Group calls/Events INR 1,49,773.8 million Roadshows /Conferences Advised on a preferential issue 238 834 worth Corporate & Research INR 1,700 million Expert Client Calls Reports Released Executed a buyback and an
Slide 18: Maiden US Conference in Q4
MAIDEN US CONFERENCE IN Q4 In the last quarter of FY25, we successfully hosted our maiden US Conference, covering key financial and economic hubs including New York, Boston, Chicago, Miami, and Salt Lake City. The event enabled high-impact discussions, global investor engagement, and valuable insigh
Slide 19: ECM Transactions in Q4
ECM TRANSACTIONS in Q4 01 02 03 Merchant Banker to Merchant Banker to Merchant Banker the QIP for the QIP for to the QIP for INR 14368.98 mn INR 20000 mn INR 15000 mn 18 Q4 FY 25
Slide 20: Some Industry Reports Released in Q4
SOME INDUSTRY REPORTS RELEASED in Q4 19 Q4 FY 25
Slide 21: Asset Management
ASSET MANAGEMENT PMS & AIF vertical (Emkay Investment Managers Ltd.) 20 Q4 FY 25
Slide 22: Asset Management Performance
ASSET MANAGEMENT PERFORMANCE Asset Management Revenue (INR Mn) PMS AUM (INR Mn) 7,569 7,490 7,271 32% 6,612 3% 5,031 5,351 15% Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 149 AIF AUM (INR Mn) 197 5,193 4,987 4,919 4,120 3,556 3,673 46 51 53 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 Fy25 Q4 FY25 Q4 FY25
Slide 23: Key Highlights: New Branch Office in Dubai
KEY HIGHLIGHTS New branch office in Dubai Total Number of New Schemes number of Strategies that Launched Strategies outperformed Benchmark 6 4 1 22 Q4 FY 25
Slide 24: Key Highlights
KEY HIGHLIGHTS AUM and advisory assets crossed Enhancing customer experience is a key INR 14,500 million. Large ticket applications focus, supported by ongoing operational were seen in Alpha Mavens improvements and the implementation of new back-office software Marketing gained momentum across India
Slide 25: Wealth Management
WEALTH MANAGEMENT 24 Q4 FY 25
Slide 26: Wealth Management Performance
WEALTH MANAGEMENT PERFORMANCE Wealth Management Revenue (INR Mn) Wealth Assets (INR Mn) 200797 1,95,247 1,79,781 13% 145998 43% 128878 135114 8% Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 767 722 Number of Clients Portfolio Mix (%) (FY25) 37,851 7% 3% 36,510 263 12% 121 139 36,166 36,736 182 11
Slide 27: Wealth Management
WEALTH MANAGEMENT Wealth AUMs grew 33% YoY to INR 1,79,781 million vis-à-vis INR 1,35,114 million Advisory revenue grew by 54% YoY to INR 182 million in FY25 Transactional revenue grew by 6% YoY to INR 767 million in Emkay Wealth undertakes FY25 regular and stringent monitoring of portfolios Researc
Slide 28: Others Including Treasury Revenue
OTHERS INCLUDING TREASURY REVENUE (INR Mn) 32% 45% 732 19% 501 176 118 27 96 Q4 Q4 FY25 Q3 FY25 Q4 FY24 12M FY25 12M FY24 FY 25
Slide 29: Financial Performance
FINANCIAL PERFORMANCE 28 Q4 FY 25
Slide 30: Key Highlights: Consolidated Financials
KEY HIGHLIGHTS : CONSOLIDATED FINANCIALS Revenues Profit Before Tax Profit After Tax EPS BVPS (INR mn) (INR mn) (INR mn) (INR) (INR) Q4 FY25 768 9 85 3.40 120 8% 92% 1% 1% 3% Q3 FY25 839 113 86 3.45 116 Q4 FY25 768 9 85 3.40 120 23% 95% 20% 21% 23% Q4 FY24 994 166 106 4.29 98 12M FY25 3,612 607 568
Slide 31: Quarterly Consolidated Income Statement
QUARTERLY CONSOLIDATED INCOME STATEMENT Particulars (INR Mn) Q4FY25 Q3FY25 QOQ (%) Q4FY24 YOY(%) REVENUE Income from Operations 710 773 (8) 910 (22) Other Income 58 66 (12) 84 (31) Total Revenue 768 839 (8) 994 (23) EXPENSES Employee Benefits Expenses 427 385 11 472 (10) Finance Costs 17 18 (6) 16 6
Slide 32: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Particulars (INR Mn) FY25 FY24 Financial Assets (a) Cash and Cash Equivalents 465 478 (b) Other Bank Balances 4,928 5,350 (c) Securities held for trading 4 13 (d) Trade Receivables 941 1,252 (e) Loans 180 396 (f) Investments 319 262 (g) Other Financial Assets 4,872 2,332 T
Slide 33: Consolidated Balance Sheet (INR Mn)
CONSOLIDATED BALANCE SHEET (INR Mn) Networth and Leverage Cash and Cash Equivalents 600.00 4,000.00 0.16 500.00 3,500.00 0.14 400.00 3,000.00 0.12 300.00 200.00 2,500.00 0.10 100.00 2,000.00 0.08 - Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 1,500.00 0.06 Short-Term Rating of Non-Convertible Deb
Slide 34: Capital Market Data
CAPITAL MARKET DATA 250% EMKAY SENSEX 200% 150% 100% 50% 0% -50% Apr-2024 May-2024 Jun-2024 Jul-2024 Aug-2024 Sep-2024 Oct-2024 Nov-2024 Dec-2024 Jan-2025 Feb-2025 Mar-2025 Price Data (As on 31st March, 2025) Shareholding Pattern (As on 31st March, 2025) Face Value (INR) 10.0 DII 0% CMP (INR) 212.5
Slide 35: Disclaimer
DISCLAIMER Emkay Global Financial Services Ltd This presentation and the following discussion may contain “forward looking statements” by Emkay Global Financial Services Limited (EGFSL) that are not historical in nature. These forward looking statements, which may include statements relating to futu
Slide 36: Contact Us
CONTACT US Registered Office Tel: +91 22 6612 1212 www.emkayglobal.com 7th Floor, The Ruby, Fax: +91 22 66121299 Senapati Bapat Marg, Dadar (W), Mumbai - 400028. 35 Q4 FY 25
Emkay Global Financial Services — Q4 FY25 Earnings Presentation on 6ix