Kfin Technologies Ltd.
KFINTECHFinancial Services filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
15 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 15 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20230217 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230512 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230804 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231029 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240203 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240507 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240803 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241104 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250131 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250506 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250729 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251104 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260223 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260507 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260731 | 2026-06-30 | yes |
KFINTECH
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 897.95 |
| 52-week range | 805.6 – 1174.8 |
| Return 1M | -7.04% |
| Return 3M | 2.72% |
| Return 1Y | -15.34% |
| Return 3Y | 96.47% |
| Return 5Y | not reported for this period |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 357.00 |
| Other income | 10.00 |
| Total income | 367.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 161.00 |
| Finance costs | 1.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.23 | -0.00 |
| institutions foreign | 0.21 | -0.06 |
| institutions domestic | 0.27 | 0.02 |
| mutual funds | 0.17 | 0.04 |
| public | 0.77 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 15 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 188.00 | 183.00 | 182.00 | 209.00 | 219.00 | 228.00 | 238.00 | 280.00 | 290.00 | 283.00 | 274.00 | 309.00 | 371.00 | 347.00 | 357.00 |
| Other income | 6.00 | 6.00 | 5.00 | 6.00 | 6.00 | 7.00 | 8.00 | 11.00 | 9.00 | 10.00 | 10.00 | 11.00 | 7.00 | 15.00 | 10.00 |
| Total income | 194.00 | 189.00 | 187.00 | 215.00 | 225.00 | 235.00 | 246.00 | 291.00 | 299.00 | 293.00 | 284.00 | 320.00 | 378.00 | 362.00 | 367.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 73.00 | 68.00 | 76.00 | 76.00 | 83.00 | 85.00 | 96.00 | 102.00 | 104.00 | 102.00 | 112.00 | 114.00 | 148.00 | 152.00 | 161.00 |
| Finance costs | 3.00 | 3.00 | 3.00 | 3.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Depreciation and amortisation | 13.00 | 11.00 | 12.00 | 13.00 | 13.00 | 15.00 | 15.00 | 17.00 | 16.00 | 17.00 | 18.00 | 18.00 | 23.00 | 27.00 | 27.00 |
| Other expenses | 35.00 | 32.00 | 36.00 | 39.00 | 38.00 | 39.00 | 42.00 | 52.00 | 55.00 | 59.00 | 48.00 | 60.00 | 72.00 | 67.00 | 74.00 |
| Total expenses | 123.00 | 113.00 | 126.00 | 131.00 | 135.00 | 139.00 | 154.00 | 172.00 | 177.00 | 178.00 | 179.00 | 193.00 | 244.00 | 247.00 | 263.00 |
| Profit before exceptional items and tax | 71.00 | 76.00 | 60.00 | 84.00 | 90.00 | 95.00 | 92.00 | 119.00 | 122.00 | 114.00 | 105.00 | 127.00 | 134.00 | 115.00 | 104.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -9.00 | -4.00 | 0.00 |
| Profit before tax | 71.00 | 76.00 | 60.00 | 84.00 | 90.00 | 95.00 | 92.00 | 119.00 | 122.00 | 114.00 | 105.00 | 127.00 | 125.00 | 111.00 | 104.00 |
| Current tax | 18.00 | 18.00 | 16.00 | 23.00 | 23.00 | 18.00 | 23.00 | 30.00 | 31.00 | 26.00 | 26.00 | 36.00 | 41.00 | 29.00 | 29.00 |
| Deferred tax | 0.00 | 1.00 | 0.00 | -1.00 | 0.00 | 2.00 | 0.00 | 0.00 | 0.00 | 3.00 | 2.00 | -2.00 | -8.00 | 1.00 | -1.00 |
| Tax expense | 18.00 | 19.00 | 16.00 | 22.00 | 23.00 | 20.00 | 24.00 | 30.00 | 32.00 | 29.00 | 28.00 | 34.00 | 33.00 | 30.00 | 28.00 |
| Profit for the period | 53.00 | 57.00 | 43.00 | 61.00 | 67.00 | 74.00 | 68.00 | 89.00 | 90.00 | 85.00 | 77.00 | 93.00 | 92.00 | 81.00 | 75.00 |
| Profit attributable to owners | — | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | — | 0.00 | 0.00 | — |
| Profit attributable to non-controlling interests | — | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | — | 0.00 | 0.00 | — |
| Other comprehensive income | 0.00 | -1.00 | 1.00 | 0.00 | 0.00 | -2.00 | 0.00 | 1.00 | -1.00 | -1.00 | 1.00 | 1.00 | -0.00 | 23.00 | -3.00 |
| Total comprehensive income | 54.00 | 56.00 | 45.00 | 61.00 | 67.00 | 73.00 | 68.00 | 91.00 | 90.00 | 84.00 | 78.00 | 94.00 | 92.00 | 104.00 | 72.00 |
| Earnings per share, basic | 3.19 | 3.38 | 2.56 | 3.62 | 3.92 | 4.36 | 3.98 | 5.21 | 5.25 | 4.95 | 4.49 | 5.42 | 5.34 | 4.70 | 4.36 |
| Earnings per share, diluted | 3.15 | 3.32 | 2.51 | 3.58 | 3.88 | 4.32 | 3.94 | 5.16 | 5.21 | 4.91 | 4.45 | 5.38 | 5.30 | 4.67 | 4.34 |
Annual results, as filed
| Line | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Revenue from operations | 720.00 | 838.00 | 1,091.00 | 1,301.00 |
| Other income | 17.00 | 25.00 | 38.00 | 42.00 |
| Total income | 738.00 | 862.00 | 1,128.00 | 1,344.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 289.00 | 320.00 | 403.00 | 525.00 |
| Finance costs | 11.00 | 8.00 | 5.00 | 5.00 |
| Depreciation and amortisation | 47.00 | 53.00 | 64.00 | 86.00 |
| Other expenses | 133.00 | 151.00 | 208.00 | 247.00 |
| Total expenses | 479.00 | 532.00 | 681.00 | 863.00 |
| Profit before exceptional items and tax | 258.00 | 330.00 | 448.00 | 481.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | -13.00 |
| Profit before tax | 258.00 | 330.00 | 448.00 | 469.00 |
| Current tax | 64.00 | 79.00 | 111.00 | 132.00 |
| Deferred tax | -2.00 | 2.00 | 4.00 | -8.00 |
| Tax expense | 62.00 | 81.00 | 115.00 | 124.00 |
| Profit for the period | 196.00 | 246.00 | 333.00 | 344.00 |
| Profit attributable to owners | 0.00 | 0.00 | — | 0.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | — | 0.00 |
| Other comprehensive income | 0.00 | -0.00 | -0.00 | 24.00 |
| Total comprehensive income | 196.00 | 246.00 | 332.00 | 367.00 |
| Earnings per share, basic | 11.66 | 14.46 | 19.39 | 19.95 |
| Earnings per share, diluted | 11.52 | 14.34 | 19.27 | 19.81 |
Balance sheet, as filed
| Line | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Total assets | 1,251.00 | 1,417.00 | 1,419.00 | 1,530.00 | 1,751.00 | 1,856.00 | 2,774.00 |
| Non-current assets | 776.00 | 833.00 | 828.00 | 839.00 | 857.00 | 880.00 | 1,874.00 |
| Current assets | 475.00 | 584.00 | 591.00 | 691.00 | 887.00 | 970.00 | 893.00 |
| Property, plant and equipment | 40.00 | 46.00 | 49.00 | 51.00 | 66.00 | 69.00 | 83.00 |
| Capital work-in-progress | 0.00 | 2.00 | 0.00 | 6.00 | 3.00 | 10.00 | 5.00 |
| Goodwill | 543.00 | 553.00 | 553.00 | 553.00 | 553.00 | 553.00 | 1,327.00 |
| Other intangible assets | 81.00 | 81.00 | 118.00 | 132.00 | 144.00 | 131.00 | 313.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade receivables | 127.00 | 168.00 | 152.00 | 221.00 | 193.00 | 235.00 | 269.00 |
| Cash and cash equivalents | 72.00 | 34.00 | 56.00 | 24.00 | 38.00 | 32.00 | 67.00 |
| Total equity and liabilities | 1,251.00 | 1,417.00 | 1,419.00 | 1,530.00 | 1,751.00 | 1,856.00 | 2,774.00 |
| Equity | 870.00 | 990.00 | 1,141.00 | 1,216.00 | 1,408.00 | 1,463.00 | 1,673.00 |
| Equity share capital | 169.00 | 170.00 | 171.00 | 171.00 | 172.00 | 172.00 | 173.00 |
| Other equity | 701.00 | 819.00 | 970.00 | 1,044.00 | 1,236.00 | 1,291.00 | 1,501.00 |
| Total liabilities | 381.00 | 427.00 | 278.00 | 314.00 | 343.00 | 393.00 | 1,101.00 |
| Non-current liabilities | 149.00 | 168.00 | 163.00 | 160.00 | 172.00 | 172.00 | 828.00 |
| Current liabilities | 233.00 | 259.00 | 115.00 | 155.00 | 171.00 | 221.00 | 272.00 |
| Borrowings, non-current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 130.00 | 134.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade payables | 26.00 | 38.00 | 35.00 | 52.00 | 67.00 | 78.00 | 78.00 |
Cash flow, as filed
| Line | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 223.00 | 101.00 | 289.00 | 134.00 | 399.00 | 181.00 | 370.00 |
| Net cash from investing activities | -204.00 | -141.00 | -178.00 | -69.00 | -323.00 | -57.00 | -203.00 |
| Net cash from financing activities | 7.00 | 2.00 | -127.00 | -99.00 | -95.00 | -131.00 | -134.00 |
| Purchase of property, plant and equipment | 23.00 | 16.00 | 28.00 | 19.00 | 41.00 | 22.00 | 40.00 |
| Net increase in cash | 27.00 | -38.00 | -15.00 | -32.00 | -18.00 | -6.00 | 36.00 |
| con:CFO.BEFORE_TAX | 295.00 | 136.00 | 355.00 | 175.00 | 511.00 | 226.00 | 495.00 |
| con:INTEREST_RECEIVED.OPERATING | -7.00 | 0.00 | 0.00 | 0.00 | -15.00 | -5.00 | -18.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | -9.00 | 0.00 | 0.00 | 0.00 | -3.00 | -1.00 | -1.00 |
| con:TAX_PAID.OPERATING | 56.00 | 35.00 | 66.00 | 42.00 | 94.00 | 40.00 | 107.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 6.00 | 11.00 | 11.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 6.00 | 6.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 49.42 | 49.22 | 49.12 | 39.05 | 38.97 | 33.06 | 33.04 | 32.96 | 32.91 | 22.90 | 0.23 | 0.23 | 0.23 | 0.23 |
| Domestic institutions | 23.56 | 23.42 | 22.05 | 24.64 | 20.98 | 21.47 | 20.61 | 19.43 | 20.37 | 23.70 | 0.25 | 0.25 | 0.25 | 0.27 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 11.14 | 0.12 | 0.13 | 0.13 | 0.17 |
| Insurance companies | 1.27 | 1.36 | 1.62 | 2.21 | 2.05 | 2.02 | 1.29 | 1.00 | 1.35 | 1.39 | 0.01 | 0.01 | 0.01 | 0.01 |
| Foreign institutions | 8.04 | 8.07 | 9.22 | 12.13 | 16.73 | 22.80 | 24.61 | 25.40 | 22.56 | 27.81 | 0.26 | 0.26 | 0.26 | 0.21 |
| Public | 50.58 | 50.78 | 50.88 | 60.95 | 61.03 | 66.94 | 66.96 | 67.04 | 67.09 | 77.10 | 0.77 | 0.77 | 0.77 | 0.77 |
| Non-institutional | 18.98 | 19.29 | 19.61 | 24.18 | 23.32 | 22.67 | 21.74 | 22.21 | 24.15 | 25.58 | 0.27 | 0.26 | 0.26 | 0.29 |
| Shares outstanding | 169228699 | 169912087 | 170254197 | 170645588 | 170988673 | 171319951 | 171407198 | 171833000 | 172075517 | 172175801 | 172262822 | 172456886 | 172524054 | 172827638 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Fintech Products and Solutions (India) Private Limited | Associate Company | Any other transaction, Investment | 65,000,000.00 | 2 |
| WebileApps (India) Private Limited | Wholly owned subsidiary | Any other transaction, Investment, Purchase of goods | 42,630,000.00 | 5 |
| Venkata Satya Naga Sreekanth Nadella | Executive Director (Managing Direc | Any other transaction, Remuneration | 35,980,000.00 | 6 |
| Hexagram Fintech Private Limited | Wholly owned subsidiary | Any other transaction, Investment, Sale of goods or | 21,270,000.00 | 4 |
| Vivek Narayan Mathur | Chief Financial Officer | Any other transaction, Remuneration | 17,060,000.00 | 6 |
| Vishwanathan Mavila Nair | Non-Executive Director (Chairperso | Any other transaction | 12,680,000.00 | 3 |
| KFin Services Private Limited | Wholly owned subsidiary | Investment, Purchase of goods or services | 10,280,000.00 | 2 |
| Quah Meng Kee | Director | Any other transaction, Remuneration | 8,290,000.00 | 3 |
| Hexagram Fintech SDN BHD | Wholly owned subsidiary | Any other transaction, Purchase of goods or services | 8,230,000.00 | 4 |
| Alpana Uttam Kundu | Company Secretary | Any other transaction, Remuneration | 3,500,000.00 | 6 |
| Nazish Hussain Mir | Director | Any other transaction, Remuneration | 2,970,000.00 | 2 |
| Kaushik Mazumdar | Independent Director | Any other transaction | 1,280,000.00 | 1 |
| Prashant Saran | Independent Director | Any other transaction | 1,130,000.00 | 1 |
| Radha Rajappa | Independent Director | Any other transaction | 1,130,000.00 | 1 |
| Chengalath Jayaram | Independent Director | Any other transaction | 910,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-31 | Q1FY27 | LIMITED | Read the call |
| 2026-05-07 | Q4FY26 | Read the call | |
| 2026-02-23 | Q3FY26 | Read the call | |
| 2025-11-04 | Q2FY26 | Read the call | |
| 2025-07-29 | Q1FY26 | LIMITED | Read the call |
| 2025-05-06 | Q4FY25 | LIMITED | Read the call |
| 2025-01-31 | Q3FY25 | LIMITED | Read the call |
| 2024-11-04 | Q2FY25 | Read the call | |
| 2024-08-03 | Q1FY25 | Read the call | |
| 2024-05-07 | Q4FY24 | Read the call | |
| 2024-02-03 | Q3FY24 | Read the call | |
| 2023-10-29 | Q2FY24 | Read the call | |
| 2023-08-04 | Q1FY24 | Read the call | |
| 2023-05-12 | Q4FY23 | KOTAK SECURITIES, MR. VIVEK MATHUR CFO | Read the call |
| 2023-02-17 | Q3FY23 | LIMITED | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY23 | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | — | We continue to spend almost 19% to 20% of our revenue in terms of IT, opex and capex. | We will try to limit to about 10-odd percent and the capex is where we continue to invest. | — | Not beyond that, we do not have any large, capex planned. | — | — | — |
| Capital allocation | So, Abhijeet, just to add to what Sreekanth mentioned on your question on capital allocation to dividend policy, we believe that if we can create futu… | Our acquisition of the fund administration company called Hexagram has been helping us, direct growth into the organization as well as its significant… | And if you -- if that requires an acquisition, then could you remind us again what kind and what size of acquisition are you looking at? | And quarter- KFin Technologies Limited February 16, 2026 on-quarter, you will see an impact of INR3.3 crores in terms of amortization in KFin Singapor… | West is largely a fund administration opportunity, which is where we have started making big moves after acquisition of Hexagram and having started de… | It's a healthy cash and cash equivalent that we carry and as a result of that, the board has actually recommended a dividend of INR5.75 for this year … | So, those are the tactical reasons, but broadly it has been an extremely strategic acquisition for us and absolutely the one that's helping us fuel ou… | Today from the company, we have with us Mr. Sreekanth Nadella, MD and CEO; Mr. Vivek Mathur, Whole-Time Director and CFO; and Mr. Amit Murarka, CFO, I… |
| Costs | — | — | — | — | — | — | First, on the employee expense growth number for FY2025, would it be possible for you to kind of break this number between fixed cost inflation, new e… | — |
| Debt and cash | Because if we talk about financial intermediaries and you are being one of them, when I compared to, let's say, other companies, typically financial i… | So, we have strong cash flows, strong balance sheet. | — | — | — | — | — | — |
| Demand | We have also seen increase in replacement cost during the year based on the demand supply situation that we experienced. | As we speak there are close to $20 million worth of pipeline that is there and has passed the technical and the functional round, meaning, they are in… | And the deals that we are now in the pipeline are closer to $1 million in terms of each deal that we are looking to work with. | — | So just broadly, could you talk about revenue model here, one-time versus recurring, what's the demand versus what's being currently serviced, any sor… | We have added a series of new clients who have transitioned from the other registrars, including Bitlock Corporation, Mojtech, and a few others which … | And third one is a broader question which is on the international side and the alternative side if it's possible to quantify the sales pipeline? | KFin Technologies Limited April 30, 2026 By and large, our solutions on technology, data, wealth have found strong resonance in the context of us winn… |
| Guidance | I mean, should we expect something in the next quarter or will it be in the year ’24? | We have seen in the industry and what we expect in the future to completely reset it, right. | Would you want to revise that guidance with this new addition? | So EBITDA margins have also been well within our guidance in terms of including Ascent, it is 40.9% for the quarter, which is a dip from the last quar… | But we expect that with the demand, as Sreekanth mentioned about value-added services like Digix and Data Lake ramping up, and there are more value-ad… | We expect the AUM to double over the next five years or lesser than that. | So, this is an ongoing dialogue with the BlackRock as a larger entity that we are having in terms of what is the right go-to-market strategy and they … | And I know we've been guiding our entire community in terms of what are the new growth drivers, assuming a base case scenario of anywhere between 15% … |
| Margin | Or let's say flexibility, to put it that way, to kind of manage OPEX more in a much more better way, so that the operating leverage or the margin traj… | As a result of that the EBITDA has gone up and touched 43% versus 39.9% last year same nine months period and it's almost in -- touching distance of 4… | So wins in, say, the international and KFin Technologies Limited January 24, 2025 alternatives and wealth and a few others comes with a little bit mor… | The EBITDA has also gone up 14.6% year-on-year and stands at INR149.5 crores without Ascent and INR151.6 crores with Ascent. | So, overall EBITDA went up by 3.9% quarter-on-quarter. | In fact, Hexagram has clocked a 45% EBITDA margin, much higher than expected in the context of the new ways that we've had and hopefully this would be… | Basically as the Ascent gets integrated with us, say in last part of the current year and maybe fully for the next year, so is it fair to say that giv… | Now the margin compression this year was obviously largely on account of two important factors. |
| People | In case of employee cost, can you share the headcount as on March ‘22 and March ‘21 and December ‘22? | We have strengthened our audit and surveillance team, and we hired more people there besides hiring more people in AIF operations. | So it is a symptom of expansion of headcount and the technological investments. | So for example, real estate costs, much of Ascent is also present in India and in Malaysia in terms of headcount, 200 out of 300 people are based in t… | — | Some of these are one-time in nature, if I may, and once done, we will be chipping off both in terms of headcount as well as a spend on the technology… | On the employee cost, largely the increase in headcount is more to take care of the volume of transactions that have increased in domestic mutual fund… | — |
| Pricing | On telescopic pricing, what we understand is that prices because of the telescoping nature are already there's no scope for further reduction. | The revenue went up by about 14% so we had the telescopic pricing impact. | The folio yield levels, just like in the case of mutual funds yield, even the portfolio also has a certain yield and the pricing of folios varies by d… | I think the math would automatically adjust itself into the coming quarters in terms of the per folio pricing. | The cost itself has already been optimized to a point where further optimization in terms of the pricing is going to be great. | And three, we do not have telescopic pricing. | Second, our commercial model of course is number of folios into unit pricing per folio and expansion of demat accounts and the retail participation al… | Reasons we all know part of that was the pricing discounts that were given in the month of April 2025. |
| Revenue growth | — | I thank my management team who are part of the call as well as everyone who's contributed to the continual growth of our organization. | So I do believe that the cost expansion was commensurate in case of mutual funds to the total growth of volumes. | The overall performance for the quarter has the revenue from operations, which have grown to INR323 crores, which is 11.4% growth for the same quarter… | It was backed by moderate growth of about 7.7% in domestic mutual fund revenue. | We have clocked a revenue growth of about 25%, EBITDA growth of about 25% as well and a PAT growth of nearly 33% this quarter, making this one of the … | Second, see, the growth of which Company and which folio is clearly not in our hands. | If you see our last 5 years CAGR in terms of top line growth, we've been crossing 20% on a CAGR basis and we will have a quarter or two here and there… |