Slide 1: Exchange filing cover letter
A January 23, 2025 CS&G/STX/MQ2025/11 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 Presen
Slide 2: Robust quarterly performance continues aided by strong growth and profitability
ROBUST QUARTERLY PERFORMANCE CONTINUES AIDED BY STRONG GROWTH AND PROFITABILITY Hyderabad, January 23, 2025: KFin Technologies Limited announced its financial results for the quarter and period ended 31st December 2024 today. Financial Highlights – Q3FY25 − Revenue from operations stood at ₹ 2,900.2
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 FY25
KFin Technologies Limited Investor Presentation Q3 FY25 (for the quarter and nine months period ended December 31, 2024)
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 Head of Global Business Finance, Chief Executive Officer M&A, and Investor Relations 3 KFin Technologies Limited, Investor Presentation Q3 FY25
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 Scaled platform with integrated FA and RTA capabilities - Strong track record of growth and leadership Investor Solutions – Domestic Mutual Funds Largest 262 out of 482 Won 164 out of 265 339 Investor Solution provider to AMCs in India; ₹22.3 tn AAUM3 Last new AMCs launched in
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 quarterly performance continues, aided by new client wins, and strong growth in revenue and profitability Q3FY25: Revenue growth at 33% y-o-y; EBITDA growth at 33% y-o-y and margins at 45.0%; PAT growth at 35% y-o-y and margins at 31.1% 9MFY25: Revenue growth at 33% y-o-y; EBIT
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: Mutual Fund and Other Asset Classes
India Performance Overall AAUM1 Equity AAUM 1 Monthly SIP inflows Folios Total Equity SIPs (₹ trillion) (₹ trillion) +50.3% y-o-y (₹ billion) (in million) +39.4% y-o-y +3.6% q-o-q +3.2% q-o-q 264.6 225 Mutual Fund2 39.6 158 68.6 120 54.1 30.1 103 113.1 81 38.4 40.5 32.1 18.4 20.3 49 13.3 Dec-21 Jun-
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
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) 31.7% 32.4% KFintech Industry Q3FY24 Q2FY25 Q3FY25 30.3% 31.5% 25. 0 34. 0% 32. 0% 27.5% 42.8% (y
Slide 15: Issuer solutions - Maintaining the leadership position
Issuer solutions - Maintaining the leadership position No of corporate clients1 No of investor folios1 ▪ 366 clients added during Q3; 972 clients during 9MFY25 +20.1% y-o-y (in million) +31.8% y-o-y +5.5% q-o-q +5.6% q-o-q ▪ 8.3 million folios added during Q3; 32.0 million during 9MFY25 156 ▪ New RT
Slide 16: International investor solutions: Expanding global footprints
International investor solutions: Expanding global footprints Growing global footprint No of clients1 Solutions No of Contracts RTA 55 70 54 Fund 36 Administration Canada (1) 9MFY24 9MFY25 Middle East (1) Gift City (26) IndiaThailand Hong Kong (1) X new clients added Number of clients (1) • • Malays
Slide 17: Other investor solutions: Younger & faster growing businesses
Other investor solutions: Younger & faster growing businesses No of Funds serviced by +17.6% y-o-y AAUM1 +54.6% y-o-y Alternates & Wealth KFintech1 +1.7% q-o-q (₹ billion) +7.4% q-o-q ▪ Total no of funds1 at 535, market share2 at 36.7% 535 1,407 ▪ Won 9 new AIF funds including from 360 One AIF, Band
Slide 18: Agenda: Financial Highlights
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
Slide 19: Financial Performance
Financial Performance Particulars Q3FY25 % Change 9MFY25 % Change 32.6% y-o-y Revenue from Operations 2,900.2 8,080.5 32.6% y-o-y 3.4% q-o-q 33.4% y-o-y EBITDA 1,305.5 3,567.5 36.2% y-o-y 3.2% q-o-q 25 bps y-o-y EBITDA Margin (%) 45.0% 44.1% 114 bps y-o-y 10 bps q-o-q 34.9% y-o-y PAT 901.8 2,475.7 4
Slide 20: Quarterly Financial Trend
Quarterly Financial Trend Revenue from Operations EBITDA & Margin PAT & Margin 32.6% Y-o-Y 33.4% Y-o-Y 34.9% Y-o-Y 44.8% 45.8% 45.1% 45.0% 32.6% 31.8% 30.6% 31.1% 42.0% 28.7% 2,805 2,900 902 893 2,283 2,376 2,187 745 668 681 1,265 1,306 979 1,046 997 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24
Slide 21: Yearly Financial Trend
Yearly Financial Trend Revenue from Operations EBITDA & Margin PAT & Margin 32.6% Y-o-Y 36.2% Y-o-Y 44.3% Y-o-Y 8,375 45.0% 8,081 41.4% 43.8% 43.0% 44.1% 30.6% 7,200 29.4% 28.2% 27.2% 6,395 6,092 23.2% 3,666 3,567 2,460 2,476 2,879 2,980 1,957 2,620 1,716 1,485 FY22 FY23 FY24 9MFY24 9MFY25 FY22 FY23
Slide 22: Consolidated Financial Summary
Consolidated Financial Summary Particulars Q3FY25 Q2FY25 Q-o-Q Q3FY24 Y-o-Y 9MFY25 9MFY24 Y-o-Y FY24 Revenue Domestic Mutual Fund Investor Solutions 2,053.5 1,963.3 4.6% 1,490.7 37.8% 5,734.6 4,179.5 37.2% 5,769.5 Issuer Solutions 402.7 367.4 9.6% 326.9 23.2% 1,013.3 818.0 23.9% 1,104.9 Internationa
Slide 23: Agenda: Team & Shareholding
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
Slide 24: Leadership Team
Leadership Team Venkata Satya Naga 22+ years of experience Sreekanth Nadella Vivek Narayan 28+ years of experience Previously served as Managing Director at Managing Director Mathur Previously worked at Bharti BT Internet, American Accenture Services and Transformation manager at and Chief E
Slide 25: 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 26: Shareholding Pattern: as on 31st December 2024
Shareholding Pattern: as on 31st December 2024 Stock information BSE Ticker 543720 Others NSE Symbol KFINTECH 22.2% Face Value (₹) 10.00 No. of shares outstanding 17,18,33,000 Free Float 9,15,43,717 Depositories, Clearing Houses and Other Industry Intermediaries FPIs 25.4% Promoters (General Atlanti
Slide 27: Appendix
Appendix EXPERIENCE TRANSFORMATION
Slide 28: Our Journey So Far
Our Journey So Far ◼ Launch of Issuer ◼ Launch of Alternative and ◼ Launch of Pension ◼ General Atlantic ◼ New CEO appointed ◼ Acquired Solutions Business Wealth Management Services Business buyout Hexagram (fund ◼ Acquired Sundaram BNP Paribas Business accounting) Fund Services RTA1 business ◼ List
Slide 29: 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 30: Thank You!
Thank You! 27 KFin Technologies Limited, Investor Presentation Q3 FY25
Slide 31: Fact Sheet Q3FY25 & 9MFY25
Fact Sheet Q3FY25 & 9MFY25 2Q Q3FY25 ₹ 2,900.2 million ₹ 5.21 ₹ 1305.5 million ₹ 901.8 million Revenue EPS EBITDA PAT +32.6% Y-o-Y +34.2% Y-o-Y Margin at 45.0% Margin at 31.1% +3.4% Q-o-Q +0.8% Q-o-Q 9MFY25 ₹ 8080.5 million ₹ 3567.5 million ₹ 2475.7 million ₹ 14.34 Revenue EBITDA PAT EPS +32.6% Y-o-
Slide 32: Domestic Mutual Fund and Issuer Solutions KPIs
Domestic Mutual Fund Investor Solutions Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24 SIP book AAUM market share 32.1% 32.0% 31.5% 32.1% 31.5% (last quarter of the period) SIP live folios (million) 44.0 42.5 32.5 44.0 32.5 (end of the period) No of Transactions (million) 134.5 125.2 88.7 369.1 244.8 (for the p
Slide 33: International and Other Investor Solutions: Pension Services
International and Other Investor Solutions: Pension Services Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24 No of Subscribers 14,85,769 13,74,047 11,00,091 14,85,769 11,00,091 Market share - on subscribers' base 9.4% 8.9% 7.8% 9.4% 7.8% (end of period) Number of Corporates clients 2,939.0 2,695.0 2,244.0 2,939.
Slide 34: Consolidated Income Statement
Consolidated Income Statement (₹ million) Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24 Domestic Mutual Fund Investor 2,053.5 1,963.3 1,490.7 5,734.6 4,179.5 Solutions Issuer Solutions 402.7 367.4 326.9 1,013.3 818.0 International & Other Investor 328.2 321.5 215.1 921.6 612.1 Solutions Global Business Service
Slide 35: B S R and Co Limited Review Report (consolidated)
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 36: 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 Limited India Subsidiary 9 KFin Technologies (Thailand) Limited (w.e.f. 1
Slide 37: Limited Review Report (Continued)
B S R and Co Limited Review Report (Continued) KFin Technologies Limited 7. We did not review the financial information of 6 subsidiaries included in the Statement, whose financial information reflects total revenues (before consolidation adjustments) of INR 203.95 million and INR 552.72 million, to
Slide 38: Statement of unaudited consolidated financial results
KFin Technologies Limited CIN: L72400TG2017PLC117649 Registered office address: Selenium, Tower B, Plot No- 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddi, Telangana - 500032 Statement of unaudited consolidated financial results for the quarter and nine months peri
Slide 39: Operating segments: Consolidated
Operating segments: (~. in millions) Consolidated SI. Quarter ended Nine months period ended For the year ended Particulars No. December 31, 2024 Sentember 30, 2024 December 31, 2023 December 31, 2024 December 31, 2023 March 31, 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audit
Slide 40: 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 (the Company and its subsidiaries together referred to as "the Group") and its associate have been prepared in accordance with and comply
Slide 41: B S R and Co Limited Review Report (standalone)
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 42: 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 43: Statement of unaudited standalone financial results
KFin Technologies Limited CIN: L72400TG2017PLC117649 Registered office address: Selenium, Tower B, Plot No- 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddi, Telangana - 500032 Statement of unaudited standalone financial results for the quarter and nine months period
Slide 44: Notes to standalone financial results
KFin Technologies Limited Notes: I. The above standalone financial results ofKFin Teclmologies 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 Ac