Emkay Global Financial Services Limited · NSE:EMKAY
Emkay Global Financial Services — Q1 FY2026 Earnings Presentation
30 slides from Emkay Global Financial Services's earnings presentation, 2025
Slide 1: Earnings Presentation Q1 FY26
EARNINGS PRESENTATION Q1 1 FY 26
Slide 2: Dear Investors
Dear Investors, We hope this message finds you well. FY26 has commenced on a steady note, supported by landmark policy measures from the Reserve Bank of India. In a bid to stimulate growth and ease financial conditions, the RBI delivered a notable 100 basis point reduction in both the repo rate and
Slide 3: Letter to Investors (continued)
While we are pleased with the substantial progress in our alternate asset management and wealth management businesses, it is important to acknowledge that a significant portion of our revenues continues to be closely linked to overall secondary market activity and the successful closure of capital m
Slide 4: Investor Insights: Addressing Your Key Questions
Investor Insights: Addressing Your Key Questions 4 Q1 FY 26
Slide 5: Capital Markets
CAPITAL MARKETS How did institutional client participation trend in Q1 FY26, especially in light of recent macro and political developments? Q1 FY26 began on a cautious note, with subdued institutional activity due to lingering geopolitical tensions and macroeconomic uncertainties, both globally and
Slide 6: Asset Management
ASSET MANAGEMENT How has AUM growth trended in Q1 FY26 for your PMS and AIF strategies? In Q1 FY26, we recorded a net addition of approximately ₹240 crore in AUM, marking a strong start to the year. This growth was primarily led by our PMS strategies, driven by increased allocations from both new an
Slide 7: Wealth Management
WEALTH MANAGEMENT Which investment products or themes resonated most with your HNI/UHNI clients during the quarter? Q1FY26 began on a volatile note with global uncertainties stemming from the renewed US-China tariff tensions and geopolitical noise around the India-Pakistan conflict. However, the RBI
Slide 8: Business Performance
BUSINESS PERFORMANCE 8 Q1 FY 26
Slide 9: Key Performance Indicators: Emkay Q1 FY26 at a Glance
KEY PERFORMANCE INDICATORS EMKAY: Q1 FY26 AT A GLANCE (INR Mn) 2,15,206 2,00,517 14,689 778 Total Assets Wealth Assets PMS & AIF AUM Revenue 37% YoY 37% YoY 37% YoY 13% YoY 53 48 530 38,800+ PBT PAT Total Employees (In numbers) Client Base (In numbers) 69% YoY 65% YoY As on 30.06.2025 As on 30.06.20
Slide 10: Key Highlights of Q1-FY26
KEY HIGHLIGHTS OF Q1-FY26 Financials Capital Market Transactions Corporate Connect The Consolidated Emkay acted as the Merchant Banker to the QIP The Institutional Equities team organised Revenue was INR 778 Mn, of Indian Renewable Energy Development 9 roadshows, 44 corporate/expert client while Con
Slide 11: Revenue Mix (INR Mn)
REVENUE MIX (INR Mn) Capital Markets Asset Management 4,000 3,612 Wealth Management Others including Treasury 3,500 501 3,000 949 2,500 2,000 197 1,500 891 1,000 778 768 1,965 146 155 96 172 247 500 164 53 38 48 411 447 460 - Q1 FY26 Q4 FY25 Q1 FY25 12M FY25 Q1 FY 26
Slide 12: Capital Markets
CAPITAL MARKETS 12 Q1 FY 26
Slide 13: Capital Market Performance
CAPITAL MARKET PERFORMANCE Capital Market Revenue (INR Mn) Equity Market ADTO (INR Bn) 8% 1,388 1,318 1,965 1,109 1,157 8% 1,009 411 447 448 Q1 FY26 Q4FY25 Q1FY25 12M FY25 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Derivative Market ADTO (INR Bn) Emkay's ADTO (INR Bn) 5,619 4,56,677 4,19,604 3,97,285 4
Slide 14: Key Highlights
KEY HIGHLIGHTS 9 10 Group calls/Events Roadshows /Conferences 44 450 Corporate & Research Expert Client Calls Reports Released 11 INR 20 , 059 Mn Coverages QIP raised for IREDA Initiated as Merchant Banker 14 Q1 FY 26
Slide 15: Some Industry Reports Released in Q1
SOME INDUSTRY REPORTS RELEASED IN Q1 15 Q1 FY 26
Slide 16: Asset Management
ASSET MANAGEMENT PMS & AIF vertical (Emkay Investment Managers Ltd.) 16 Q1 FY 26
Slide 17: Asset Management Performance
ASSET MANAGEMENT PERFORMANCE Asset Management Revenue (INR Mn) PMS AUM (INR Mn) 8,679 25% 7,569 7,490 7,271 6,612 197 9% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 AIF AUM (INR Mn) 6,010 5,193 4,987 4,919 4,120 53 48 38 Q1 FY25 Q2 FY25 Q3 Fy25 Q4 FY25 Q1 FY26 Q1FY26 Q4 FY25 Q1 FY25 12M FY25 17 Q1 FY 26
Slide 18: Key Highlights
KEY HIGHLIGHTS Total Number of New Strategies number of Strategies that Launched outperformed Strategies Benchmark 8 6 2 18 Q1 FY 26
Slide 19: Key Highlights
KEY HIGHLIGHTS AUM crossed Launched Emkay SMID Cap Growth Strong Q1 INR 14,500 Mn, Engine PMS and AIF in June. These performance across fueled by new fund strategies aim to deliver long-term the board - all 6 of and market cap capital appreciation by primarily the existing PMS and appreciation of in
Slide 20: Wealth Management
WEALTH MANAGEMENT 20 Q1 FY 26
Slide 21: Wealth Management Performance
WEALTH MANAGEMENT PERFORMANCE Wealth Management Revenue (INR Mn) Wealth Assets (INR Mn) 200797 195247 200517 179781 34% 145998 949 5% 767 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 767 Number of Clients* Portfolio Mix (%) (Q1-FY26) 37,851 6.69% 11.88% 3.11% 249 36,736 36,747 164 172 36,510 209 36,166 1
Slide 22: Key Highlights
KEY HIGHLIGHTS Wealth AUMs grew 3 7 % YoY to INR 2,00,517 Mn vis-à-vis INR 1,45,998 Mn Advisory revenue grew by 28% YoY to INR 51 Mn Transactional revenue degrew by 46% YoY to INR 113 Mn Emkay Wealth undertakes regular and stringent monitoring of portfolios Research Reports • Navigator: A monthly wi
Slide 23: Others Including Treasury Revenue (INR Mn)
OTHERS INCLUDING TREASURY REVENUE (INR Mn) 6% 501 61% 155 146 96 23 Q1 FY26 Q4FY25 Q1FY25 12M FY25 Q1 FY 26
Slide 24: Financial Performance
FINANCIAL PERFORMANCE 24 Q1 FY 26
Slide 25: Quarterly Consolidated Income Statement
QUARTERLY CONSOLIDATED INCOME STATEMENT Particulars (INR Mn) Q1-FY26 Q4-FY25 QOQ(%) Q1-FY25 YOY(%) REVENUE Income from Operations 730 710 3 827 (12) Other Income 48 58 (17) 64 (25) Total Revenue 778 768 1 891 (13) EXPENSES Employee Benefits Expenses 426 427 - 410 4 Finance Costs 24 17 41 18 33 Depr.
Slide 26: Historical Consolidated Income Statement
HISTORICAL CONSOLIDATED INCOME STATEMENT Particulars (INR Mn) FY23 FY24 FY25 REVENUE Income from Operations 2,030 2,864 3,362 Other Income 125 307 250 Total Revenue 2,155 3,171 3,612 EXPENSES Employee Benefits Expenses 1,151 1,508 1,709 Finance Costs 43 49 70 Depr. & Amort. Expenses 92 98 116 Other
Slide 27: Historical Consolidated Balance Sheet
HISTORICAL CONSOLIDATED BALANCE SHEET Particulars (INR Mn) FY23 FY24 FY25 Financial Assets (a) Cash and Cash Equivalents 295 478 465 (b) Other Bank Balances 3,191 5,350 4,928 (c) Securities held for trading 7 13 4 (d) Trade Receivables 1,053 1,252 941 (e) Loans 514 396 180 (f) Investments 237 262 31
Slide 28: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE Operational Revenue (INR Mn) PAT (INR Mn) & PAT Margins (%) 3,362 568 2,712 2,864 2,030 338 325 16.89% 12.46% 141 11.35% 6.95% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Debt to Equity (X) Net Worth (INR Mn) ROE (%) & ROCE (%) ROE ROCE 3,032 2,409 2,104 24.05% 20.89% 0.
Slide 29: Capital Market Data
CAPITAL MARKET DATA 140% EMKAY SENSEX 120% 100% 80% 60% 40% 20% 0% -20% Jul-2024 Aug-2024 Sep-2024 Oct-2024 Nov-2024 Dec-2024 Jan-2025 Feb-2025 Mar-2025 Apr-2025 May-2025 Jun-2025 Price Data (As on 30th June,2025) Shareholding Pattern (As on 30th June, 2025) Face Value (INR) 10.0 CMP (INR) 225.9 52
Slide 30: 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
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