Emkay Global Financial Services Limited · NSE:EMKAY
Emkay Global Financial Services — Q1 FY27 Earnings Presentation
32 slides from Emkay Global Financial Services's earnings presentation, Jun 30, 2026
Slide 1: Earnings Presentation Q1 FY27
EARNINGS Your success PRESENTATION is our success A 30- year legac y in c apital m ark ets for the quart er ended 30th June 2026 Emkay Global Financial Services Limited Q1 Capital Markets | Asset Management | W ealth Management FY27 www.emkayglobal.com
Slide 2: Dear Investors
Dear Investors, Greetings! Against this backdrop, Emkay delivered a strong operating performance during the Q1 FY27 was a strong quarter for the domestic equity markets. The Nifty 50, Nifty quarter. Consolidated revenue increased 24% year-on-year to ₹965 million, while Mid-cap 150 and Nifty Small-ca
Slide 3: Investor Insights: Addressing Your Key Questions
INVESTOR INSIGHTS Addressing Your Key Questions Q1 | FY27 3
Slide 4: Capital Markets
CAPITAL MARKETS How did capital market activity trend in Q1 FY27 compared to the Has the IPO market become more active compared to FY26? previous quarter? The sentiment has improved meaningfully from the weaker levels seen in It was a mixed quarter for overall capital market activity. Derivatives vo
Slide 5: Asset Management
ASSET MANAGEMENT How did AUM growth trend during Q1 FY27, and what were the key Have investor preferences shifted between large-cap, flexi-cap and drivers of net inflows? SMID strategies? Our AUM grew by approximately 60% year-on-year to ₹23,700 million, Investor interest has remained healthy across
Slide 6: Wealth Management
WEALTH MANAGEMENT How did client investment activity trend during Q1 FY27? Are advisory mandates and discretionary portfolios gaining traction? Despite a volatile start to the quarter driven by geopolitical developments Advisory mandates have remained broadly stable. However, discretionary and globa
Slide 7: Business Performance
BUSINESS PERFORMANCE Q1 | FY27 7
Slide 8: Key Performance Indicators
KEY PERFORMANCE INDICATORS EMKAY: Q1 FY27 AT A GLANCE (INR MN) 2,29,144 2,05,444 23,700 TOTAL AS S E TS We alth As s e ts PM S & AI F AUM 6% YoY 2% YoY 61% YoY 965 87 91 R E V E N UE PBT PAT 24% YoY 64% YoY 90% YoY 575 39,500+ 7,378 TOTAL E M PL OYE ES C LI E NT BASE M AR K E T C AP (I n n umb e r s
Slide 9: Key Highlights of Q1-FY27
KEY HIGHLIGHTS OF Q1-FY27 Financials Corporate Connect Technology Updates The Consolidated Revenue The Institutional Equities team organised Technology remained a key growth enabler, enhancing trading efficiency, client increased 24% YoY to 9 roadshows, 26 corporate experience, and operational excel
Slide 10: Revenue Mix (INR Mn)
REVENUE MIX (INR Mn) Capital Markets Wealth Management Asset Management Others including Treasury 12M FY26 2,412 730 271 550 3,963 Q1 FY26 411 164 48 155 778 Q4 FY26 1,095 205 75 157 1,532 Q1 FY27 457 197 75 236 965 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Q1 | FY27 Business Performance 10
Slide 11: Capital Markets
ai FY27 Your success is our success 11
Slide 12: Capital Market Performance
CAPITAL MARKET PERFORMANCE Derivative Market ADTO – Strike+Premium (in Bn) Equity Market ADTO – Cash Market (in Bn) 5,41,013 1,461 4,75,564 4,88,000 1,286 4,09,955 1,157 1,037 1,067 3,53,592 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Capital Market Revenue (INR M
Slide 13: Key Highlights
KEY HIGHLIGHTS 9 2 Roadshows Group calls/Events/Conferences 26 351 Corporate & Research Reports Released Expert Client Calls (48 industry reports and 303 company reports) 17 228 Coverages Initiated Stocks under coverage Q1 | FY27 Capital Markets 13
Slide 14: Institutional Equities Research Overview
INSTITUTIONAL EQUITIES RESEARCH OVERVIEW Research Stocks and Sectors High Conviction Research Market Cap Bracket Research Universe < 5,000 Cr 18 5,000 – 20,000 Cr 55 45 20,000 – 50,000 Cr 50,000-1,00,000 Cr 38 36 Member Research Team 1,00,000 – 5,00,000 Cr 71 (Including 14 lead analysts > 5,00,000 C
Slide 15: Some Industry Reports Released in Q1 FY27
SOME INDUSTRY REPORTS RELEASED IN Q1 FY 27 Q1 | FY27 Capital Markets 15
Slide 16: Asset Management
ASSET MANAGEMENT PMS & AIF vertical (Emkay Investment Managers Ltd.) Q1 | FY27 16
Slide 17: Asset Management Performance
ASSET MANAGEMENT PERFORMANCE Asset Management Revenue (INR Mn) PMS AUM (INR Mn) 16,031 56% 10,380 9,412 9,555 8,679 271 NIL Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 AIF AUM (INR Mn) 7,669 6,654 6,399 6,010 6,215 75 75 48 Q1 FY27 Q4 FY26 Q1 FY26 12M FY26 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q1 | FY
Slide 18: Key Highlights
KEY HIGHLIGHTS 9 Total number of Strategies 9 Number of Strategies that outperformed Benchmark 61% YoY increase in the AUM Q1 | FY27 Asset Management 18
Slide 19: Key Highlights
KEY HIGHLIGHTS EIML Emkay Capital Builder Emkay SMID Cap AUM PMS & AIF AUM PMS & AIF AUM Surpasses Reaches Grows to ₹6,059 Mn ₹1,873 Mn ₹23,500 Mn (as on 30 June, 2026) (as on 30 June, 2026) (as on 30 June, 2026) Q1 | FY27 Asset Management 19
Slide 20: Wealth Management
Wealth Management Q1 | FY27 20
Slide 21: Wealth Management Performance
WEALTH MANAGEMENT PERFORMANCE Wealth Management Revenue (INR Mn) Wealth Management AUM (INR Mn) Transactional Advisory 2,00,517 2,05,444 1,84,149 1,76,810 1,54,583 20% 4% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 730 767 Number of Clients* Portfolio Mix (%) (Q1-FY27) 3.36% 38,175 10.19% 12.84% 37,618
Slide 22: Key Highlights
KEY HIGHLIGHTS Research Reports • Product Updates The Emkay • Navigator: A monthly with a Wealth mobile roundup on economy, app Naavik markets, offers an mutual funds, PMS, Estate intuitive and & Succession Planning, et user-friendly al. interface to clients • FinSights: Economy update Emkay Wealth
Slide 23: Key Highlights
KEY HIGHLIGHTS ↑ +10% +25% ↑ +33% +4 56 Mn 141 ₹2,05,444 Mn 22 Branches Advisory Revenue Transactional Revenue Assets Under Management Geographic Footprint Expanded 10% YoY Expanded 25% YoY Expanded 33% QoQ Expanded presence in 4 locations Software Platform Transformation East Regional Hub & Expansi
Slide 24: Others Including Treasury Revenue (INR Mn)
OTHERS INCLUDING TREASURY REVENUE (INR MN) 52% 50% 550 236 157 155 Q1 FY27 Q4 FY26 Q1 FY26 12M FY26 Q1 | FY27 W ealth Management 24
Slide 25: Financial Performance
FINANCIAL PERFORMANCE Q1 | FY27 25
Slide 26: Quarterly Consolidated Income Statement
QUARTERLY CONSOLIDATED INCOME STATEMENT Particulars (INR Mn) Q1FY27 Q4FY26 QOQ (%) Q1FY26 YOY(%) REVENUE Income from Operations 919 1,484 (38) 730 26 Other Income 46 48 (4) 48 (4) Total Revenue 965 1,532 (37) 778 24 EXPENSES Employee Benefits Expenses 516 542 (5) 425 21 Finance Costs 43 43 - 24 79 D
Slide 27: Historical Consolidated Income Statement
HISTORICAL CONSOLIDATED INCOME STATEMENT Particulars (INR Mn) FY25 FY26 REVENUE Income from Operations 3,362 3,770 Other Income 250 193 Total Revenue 3,612 3,963 EXPENSES Employee Benefits Expenses 1,709 1,886 Finance Costs 70 130 Depreciation & Amortisation Expenses 116 134 Other Expenses 1,110 1,6
Slide 28: Historical Consolidated Balance Sheet
HISTORICAL CONSOLIDATED BALANCE SHEET Particulars (INR Mn) FY25 FY26 Financial Assets (a) Cash and Cash Equivalents 465 475 (b) Other Bank Balances 4,928 8,682 (c) Securities held for trading 4 9 (d) Trade Receivables 941 1,721 (e) Loans 180 394 (f) Investments 319 380 (g) Other Financial Assets 4,8
Slide 29: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE Operational Revenue (INR Mn) PAT (INR Mn) & PAT Margins (%) 3,770 3,362 600 568 18.00% 16.89% 16.00% 2,864 500 14.00% 400 325 12.00% 11.35% 2,030 10.00% 300 8.00% 6.95% 200 141 152 6.00% 4.03% 4.00% 100 2.00% 0 0.00% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 PAT PAT Ma
Slide 30: Consolidated Key Ratios
CONSOLIDATED KEY RATIOS Debt to Equity Interest Coverage Ratio 6.13 0.28 0.24 3.81 0.14 0.15 1.96 0.07 1 1.14 FY23 FY24 FY25 FY26 Q1 FY27 FY23 FY24 FY25 FY26 Q1 FY27 ROE (%) ROCE (%) 13.69% 20.89% 14.38% 7.51% 6.75% 9.21% 6.85% 4.45% 3.61% 1.95% FY23 FY24 FY25 FY26 Q1 FY27 (Annualised) FY23 FY24 FY2
Slide 31: Capital Market Data
CAPITAL MARKET DATA 100% EMKAY SENSEX 80% 60% 40% 20% 0% -20% -40% Apr-2025 May-2025 Jun-2025 Jul-2025 Aug-2025 Sep-2025 Oct-2025 Nov-2025 Dec-2025 Jan-2026 Feb-2026 Mar-2026 Apr-2026 May-2026 Jun-2026 Price Data (As on 30th June, 2026) Shareholding Pattern (As on 30th June, 2026) Face Value (INR) 1
Slide 32: 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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