RNFI Services Limited — Investor Meet, 19-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

RNFI Services' H1 FY26 call showcased robust PAT margin growth of 61.3%, reaching 6.5% for non-forex, despite revenue growth of just 2.9%. This was driven by a strategic shift from low-margin DMT business (down ~INR 30 crore) to higher-margin products. New launches include cash management, motor insurance, air ticketing, and the Reli Money forex platform (AD-II license received). Management expects strong forex performance from Q1 FY27 and Payworld profitability by Q4. Tech integration, strategic partnerships, and AI for efficiency are key. Management maintains a confident outlook, emphasizing transparency and future growth from diversified offerings.