Kfin Technologies Limited · NSE:KFINTECH
Kfin Technologies — Q3 FY26 Earnings Presentation
50 slides from Kfin Technologies's earnings presentation, Feb 13, 2026
Slide 1: Exchange filing cover letter: Investor Presentation and Factsheet
February 13, 2026 CS&G/STX/MQ2026/15 1) National Stock Exchange of India Limited 2) BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Scrip Symbol: KFINTECH Scrip Code: 543720 Sub. : Investor Present
Slide 2: Robust growth and profitability led by business diversification
ROBUST GROWTH AND PROFITABILITY LED BY BUSINESS DIVERSIFICATION Mumbai, February 13, 2026: KFin Technologies Limited announced its financial results for the quarter and nine months ended 31st December 2025 today. Financial Highlights – Q3FY26 − Revenue from operations stood at ₹ 3,708.7 million, up
Slide 3: About KFin Technologies Limited
About KFin Technologies Limited (www.kfintech.com/; BSE: 543720; NSE: KFINTECH): KFin Technologies Limited (“KFintech”) is a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate is
Slide 4: KFin Technologies Limited Q3 & 9M FY26
KFin Technologies Limited Investor Presentation Q3 & 9M FY26 (for the quarter and period ended December 31, 2025)
Slide 5: Safe Harbour Statement
Safe Harbour Statement This presentation may contain certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-lo
Slide 6: Today's Presenters
Today’s Presenters Venkata Satya Naga Sreekanth Nadella Vivek Narayan Mathur Amit Murarka Managing Director and Chief Financial Officer Chief Financial Officer - Chief Executive Officer International Business, Head Investor Relations and M&A 3 KFin Technologies Limited, Investor Presentation Q3 FY26
Slide 7: Agenda: Company Overview
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
Slide 8: KFintech: At a Glance
KFintech: At a Glance Globally scaled platform with integrated FA and RTA capabilities backed by strong track record of growth and leadership Investor Solutions – Domestic Mutual Funds 18 Largest 312 out of 592 Won 234 out of 395 359 Investor Solution provider to AMCs in India; ₹26.4 tn AAUM3 Last n
Slide 9: Agenda: Key Highlights
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
Slide 10: Key Highlights
Key Highlights Robust growth and profitability led by business diversification Q3FY26: Revenue growth at 27.9% y-o-y; EBITDA growth at 16.1% y-o-y and margins at 40.9%; Core PAT1 growth at 9.1% y-o-y at margin of 26.5% 9MFY26: Revenue growth at 18.1% y-o-y; EBITDA growth at 12.5% y-o-y and margins a
Slide 11: Agenda: Industry Highlights
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
Slide 12: India Performance
India Performance Overall AAUM1 Equity AAUM 1 Monthly SIP inflows Folios (₹ trillion) (₹ trillion) +17.8% y-o-y (₹ billion) (in million) Total Equity SIP +18.1% y-o-y +5.0% q-o-q +5.2% q-o-q 261 310.0 Mutual Fund2 46.7 179 38.3 141 81.0 135.7 101 67.4 30.1 95 54.1 61 38.4 40.5 18.4 20.3 Dec-22 Jun-2
Slide 13: Agenda: Business Highlights
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
Slide 14: Domestic Mutual Fund investor solutions: Focus on mid-size, equity-oriented AMCs
Domestic Mutual Fund investor solutions: Focus on mid-size, equity-oriented AMCs, providing significant sustainable advantage Overall AAUM 1 & market share2 AAUM1 Growth AAUM1 Market Share2 (₹ trillion) 30. 0 30.3% 31.5% 31.7% 32.4% 32.5% 35. 0% KFintech Industry Q3FY25 Q2FY26 Q3FY26 30. 0% 25. 0 20
Slide 15: International investor solutions: Expanding global footprints
International investor solutions: Expanding global footprints… Growing global footprint1 No of clients +511.4% Y-o-Y +360.2% Q-o-Q Solutions No of Clients RTA 78 328 Fund 382 Administration Canada 70 100 (1) 9MFY25 9MFY26 Jersey Japan USA (3) (1) KFIN Ascent (17) Bahrain Saudi Arabia(2) Gift CIty Ca
Slide 16: With Well Diversified Portfolio
…with Well Diversified Portfolio Overall AAUM (US$ bn) AAUM by Geography (%) Asset Mix (%) +325.3% y-o-y +288.7% q-o-q 1%1% 1% 1% 8% 2% 2% 3% 4% 5% 4% 27% 31% 5% 13% 40.9 14% 9.6 10.5 17% 24% 15% 22% Q3FY25 Q2FY26 Q3FY26 Singapore Malaysia Saudi Arabia Hedge Fund Public Market Digital Asset Cayman I
Slide 17: Issuer solutions - Maintaining the leadership position
Issuer solutions - Maintaining the leadership position No of corporate clients1 No of investor folios1 • 413 clients added during Q3 +40.2% y-o-y (in million) +7.5% y-o-y +4.4% q-o-q +2.8% q-o-q • 4.6 million folios added during Q3 164 168 • Appointed as an RTA for Chambal Fertilisers, and BLS Inter
Slide 18: Other investor solutions: Younger & faster growing businesses
Other investor solutions: Younger & faster growing businesses Alternates, Private Wealth & PMS National Pension Scheme No of Funds serviced by AAUM1 No of Subscribers1 & market share3 +34.1% y-o-y +24.2% y-o-y +30.9% y-o-y +11.4% q-o-q KFintech1 +3.7% q-o-q (₹ billion) +2.3% q-o-q (in million) 11.2%
Slide 19: Agenda: Financial Highlights
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
Slide 20: Financial Performance
Financial Performance Consolidated KFin excl. Ascent Consolidated KFin incl. Ascent Particulars Q3FY26 % Change 9MFY26 % Change Q3FY26 % Change 9MFY26 % Change Revenue from 11.4% y-o-y 27.9% y-o-y 3,230.4 9,063.3 12.2% y-o-y 3,708.7 9,541.6 18.1% y-o-y Operations 4.5% q-o-q 19.9% q-o-q 14.6% y-o-y 1
Slide 21: Quarterly Financial Trend
Quarterly Financial Trend Revenue from Operations EBITDA & Margin Core PAT* & Margin 55. 0% 27.9% Y-o-Y 16.1% Y-o-Y 9.1% Y-o-Y 50. 0% 31.1% 30.1% 30.2% 45.0% 43.2% 43.9% 28.2% 45. 0% 26.5% 41.5% 40.9% 40. 0% 3,709 35. 0% 3,092 1,516 984 2,900 2,827 2,741 1,306 1,223 1,357 902 851 933 1,139 30. 0% 77
Slide 22: Yearly Financial Trend
Yearly Financial Trend Revenue from Operations EBITDA & Margin Core PAT* & Margin 60. 0% 18.1% Y-o-Y 12.4% Y-o-Y 55. 0% 8.6% Y-o-Y 35. 0% 33. 0% 50. 0% 30.5% 30.6% 43.8% 43.9% 44.1% 29.4% 31. 0% 41.4% 42.0% 45. 0% 28.2% 27.2% 29. 0% 40. 0% 27. 0% 25. 0% 35. 0% 10,908 4,790 3,326 23. 0% 9,542 30. 0%
Slide 23: Consolidated Financial Summary excl. Ascent
Consolidated Financial Summary excl. Ascent Particulars Q3FY26 Q2FY26 Q-o-Q Q3FY25 Y-o-Y 9MFY26 9MFY25 Y-o-Y FY25 Revenue Domestic Mutual Fund Investor Solutions 2,217.1 2,164.2 2.4% 2,053.5 8.0% 6,395.2 5,734.6 11.5% 7,704.0 International & Other Investor Solutions 441.8 429.7 2.8% 378.1 16.8% 1,23
Slide 24: Consolidated Financial Summary incl. Ascent
Consolidated Financial Summary incl. Ascent Particulars Q3FY26 Q2FY26 Q-o-Q Q3FY25 Y-o-Y 9MFY26 9MFY25 Y-o-Y FY25 Revenue Domestic Mutual Fund Investor Solutions 2,217.1 2,164.2 2.4% 2,053.5 8.0% 6,395.2 5,734.6 11.5% 7,704.0 International & Other Investor Solutions 920.1 429.7 114.1% 378.1 143.3% 1
Slide 25: Revenue Break-up
Revenue Break-up Q3FY26 % Share Q2FY26 % Share Q3FY25 % Share 9MFY26 % Share 9MFY25 % Share Domestic Mutual Fund 2,217.1 59.8% 2,164.2 70.0% 2,053.5 70.8% 6,395.2 67.0% 5,734.6 71.0% International Investor Solutions 618.7 16.7% 141.8 4.6% 111.4 3.8% 878.1 9.2% 325.6 4.0% Issuer Solution 491.3 13.2%
Slide 26: Agenda: Team & Shareholding
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
Slide 27: Leadership Team
Leadership Team Venkata Satya Naga Sreekanth Nadella 22+ years of experience Managing Director and Chief Executive Officer Previously served as Managing Director at Accenture Services and Transformation manager at IBM Global Services Vivek Narayan 28+ years of experience Amit Murarka 17+ yea
Slide 28: Board of Directors
Board of Directors Vishwanathan Mavila Nair Ex-CMD of Union Bank of India & Ex-Chairman IBA; Director of TransUnion CIBIL (Chairman and Non- Ex-non-executive chairman of SWIFT India Domestic Services Executive Director) 48 years of experience in financial services and advising fintech start up
Slide 29: Shareholding Pattern: as on 31st December 2025
Shareholding Pattern: as on 31st December 2025 Stock information BSE Ticker 543720 NSE Symbol KFINTECH Others Face Value (₹) 10.00 26.1% No. of shares outstanding 17,24,56,886 Free Float 10,93,67,603 Depositories, Clearing Houses and Other Industry Intermediaries Promoters (General Atlantic) 22.9% T
Slide 30: Appendix
Appendix EXPERIENCE TRANSFORMATION
Slide 31: Our Journey So Far
Our Journey So Far ◼ Launch of Issuer ◼ Launch of Alternative ◼ Launch of ◼ General ◼ New CEO appointed ◼ Acquired Hexagram ◼ Selected by Blackrock Solutions and Wealth Pension Services Atlantic buyout ◼ Acquired Sundaram BNP (fund accounting) Aladdin Provider Business Management Business Business P
Slide 32: Our Growth Strategies
Our Growth Strategies Maintain market leadership by further deepening Attract and retain talent relationship with existing clients 6 1 Expand client base and market share 5 2 Pursue strategic acquisitions through enhanced sales and marketing 4 3 Focused, selective international expansion Investing i
Slide 33: Thank You!
Thank You! 30 KFin Technologies Limited, Investor Presentation Q3 FY26
Slide 34: Fact Sheet Q3FY26 & 9MFY26
Fact Sheet Q3FY26 & 9MFY26 Q3FY26 ₹ 3,708.7 million ₹ 5.30 ₹ 1,516.2 million ₹ 919.9 million Revenue EPS EBITDA PAT +27.9% Y-o-Y +1.7% Y-o-Y Margin at 40.9% Margin at 24.8% +19.9% Q-o-Q -1.5% Q-o-Q 9MFY26 ₹ 9,541.6 million ₹ 4,011.9 million ₹ 2,625.6 million ₹ 15.13 Revenue EBITDA PAT EPS +18.1% Y-o
Slide 35: Domestic Mutual Fund and International Investor Solutions KPIs
Domestic Mutual Fund Investor Solutions Q3FY26 Q2FY26 Q3FY25 9MFY26 9MFY25 SIP book AAUM market share 31.7% 32.2% 32.1% 31.7% 32.1% (last quarter of the period) SIP live folios (million) 37.3 36.7 44.0 37.3 44.0 (end of the period) No of Transactions (million) 150.4 144.7 134.5 430.1 369.1 (for the
Slide 36: Other Investor Solutions: AIF, Wealth Management and NPS
Other Investor Solutions: AIF and Wealth Management Q3FY26 Q2FY26 Q3FY25 9MFY26 9MFY25 No of funds being handled 669.0 644.0 535.0 669.0 535.0 (cumulative) Market share – based on no of funds 39.0% 38.6% 36.7% 39.0% 36.7% (end of period) AAUM (₹ billion) 1,840.6 1,798.8 1,406.6 1,840.6 1,406.6 (end
Slide 37: Consolidated Income Statement (₹ million)
Consolidated Income Statement (₹ million) Q3FY26 Q2FY26 Q3FY25 9MFY26 9MFY25 Domestic Mutual Fund Investor 2,217.1 2,164.2 2,053.5 6,395.2 5,734.6 Solutions Issuer Solutions 491.3 416.9 402.7 1,213.3 1,013.3 International & Other Investor 920.1 429.7 378.1 1,715.8 1,143.7 Solutions Net Sale of Servi
Slide 38: Revenue Break up (₹ million)
Revenue Break up (₹ million) Q3FY26 Q2FY26 Q3FY25 9MFY26 9MFY25 Domestic Mutual Fund 2,217.1 2,164.2 2,053.5 6,395.2 5,734.6 International Investor Solutions 618.7 141.8 111.4 878.1 325.6 Issuer Solution 491.3 416.9 402.7 1,213.3 1,013.3 Alternates, Private Wealth and PMS 207.0 197.6 158.5 575.9 428
Slide 39: B S R and Co Limited Review Report
Salarpuria Knowledge City, Orwell B S R and Co B Wing, 6th Floor, Unit-3, Sy No. 83/1 Plot No. 02, Raidurg Chartered Accountants Hyderabad – 500 081, India Telephone + 91 407 182 2000 Fax + 91 407 182 2399 Limited Review Report on unaudited consolidated financial results of KFin Technologies Limited
Slide 40: Limited Review Report (Continued)
B S R and Co Limited Review Report (Continued) KFin Technologies Limited 6 KFin Global Technologies (IFSC) Limited India Subsidiary 7 WebileApps (India) Private Limited India Subsidiary 8 WebileApps Technology Services Private India Subsidiary Limited 9 KFin Technologies (Thailand) Limited (w.e.f. T
Slide 41: Limited Review Report (Continued)
B S R and Co Limited Review Report (Continued) KFin Technologies Limited 22 AscentFS Management (Mauritius) Ltd. Mauritius Subsidiary (w.e.f. 13 October 2025) 23 Ascent Fund Services Ltd. (w.e.f. 13 October Abu Dhabi Subsidiary 2025) 24 Ascent FS (India) LLP (w.e.f. 13 October India Subsidiary 2025)
Slide 42: Limited Review Report (Continued)
B S R and Co Limited Review Report (Continued) KFin Technologies Limited December 2025 in the statement of unaudited consolidated financial results related to potential claims by the Client (including dividends on such shares for the earlier periods). Pending the final settlement of terms to be agre
Slide 43: Statement of Unaudited Consolidated Financial Results
KFin Technologies Limited CIN: L72400MH2017PLC444072 Registered office address: 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Knrla (West), Mnmbai - 400070, Maharashtra Statement ofUnandited consolidated financial resnlts for the qnarter and nine months period ended December
Slide 44: Operating segments: Consolidated
Operating segments: (t. in millions) Consolidated SI. Quarter ended Nine months period ended For the year ended Particnlars No. December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 March 31, 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audit
Slide 45: Notes to consolidated financial results
KFin Technologies Limited Notes: 1. The above consolidated financial results of KFin Technologies Limited ("the Parent Company"/ "the Company"), its subsidiaries, its employee welfare trust (the Company, its subsidiaries and its employee welfare trust together referred to as "the Group") and its joi
Slide 46: Notes (continued): entities included in results
KFin Technologies Limited Notes (continued): 8. The statement of unaudited consolidated financial results include the results of the following: i) Parent: a) KFin Technologies Limited ii) Subsidiaries (including step-down subsidiaries): a) KFin Technologies (Bahrain) W.L.L. b) KFin Technologies (Mal
Slide 47: Limited Review Report on standalone results
Salarpuria Knowledge City, Orwell B S R and Co B Wing, 6th Floor, Unit-3, Sy No. 83/1 Plot No. 02, Raidurg Chartered Accountants Hyderabad – 500 081, India Telephone + 91 407 182 2000 Fax + 91 407 182 2399 Limited Review Report on unaudited standalone financial results of KFin Technologies Limited f
Slide 48: Limited Review Report (Continued)
B S R and Co Limited Review Report (Continued) KFin Technologies Limited in the statement of unaudited standalone financial results related to potential claims by the Client (including dividends on such shares for the earlier periods). Pending the final settlement of terms to be agreed with the Clie
Slide 49: Statement of Unaudited Standalone Financial Results
KFin Technologies Limited CIN: L72400MH2017PLC444072 Registered office address: 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai - 400070, Maharashtra Statement of Unaudited standalone financial results for the quarter and nine months period ended December 3
Slide 50: Notes to standalone financial results
KFin Technologies Limited Notes: I. The above standalone fmancial results ofKFin Technologies Limited ("the Company") have been prepared in accordance with and comply in all material aspects with the Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 ("the Act