Emkay Global Financial Services Limited — PPTs, 30-01-2025: Investor Presentation

**Financial Highlights:** In Q3 FY25, Emkay recorded consolidated revenues of INR 839 million, reflecting a 1% year-on-year growth, while Profit After Tax (PAT) decreased by 30% YOY to INR 86 million. Although institutional trading volumes were pressured by regulatory changes and market volatility, emphasis on resilience resulted in operational stability.

**Strategic Initiatives and Growth Drivers:** The Capital Markets division executed a block worth INR 1,780 million and completed three ECM transactions totaling INR 42,920.55 million. The company secured multiple new mandates, including QIPs, an IPO, and Private Equity deals, boosting its deal flow pipeline.

**Business Developments:** The Asset Management sector saw Assets Under Management (AUM) surpassing INR 15,700 million, with five out of six strategies outperforming their benchmarks. Emkay is looking to launch new PMS & AIF products, adding to its growth strategy.

**Market Position and Competitive Advantage:** Despite headwinds, Emkay's commitment to consistent client value through technological enhancements and robust research capabilities strengthens its market positioning. The company’s ongoing investments in technology underpin its competitive advantage in client service and analytics.

**Investor Implications:** The longer-term growth narrative remains positive, with a focus on depth in client relationships and expanding through strategic new products. Watch closely for the impact of upcoming regulatory changes and macroeconomic developments on trading volumes and investor sentiment.