Kfin Technologies Limited — Investor Meet, 07-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

KFin Technologies' Q4 FY26 results discussion highlights a 23% year-on-year revenue increase, with full-year EBITDA margins at 40.7% (Q4 at 37%). Core PAT increased 6.2% to INR 353 Cr. Results were impacted by market fluctuations, particularly mark-to-market erosion and a shift towards lower-yielding passive funds. Issuer Solutions also saw reduced retail investor activity and fewer corporate events. For FY27, management anticipates 23-24% top-line growth, 16-17% EBITDA growth, and approximately 10% PAT growth. The Ascent acquisition is performing strongly, adding 62 new clients, and international business is projected to grow over 70%. The firm is prioritizing cost efficiency and diversifying revenue away from domestic mutual funds. Management remains confident in achieving future growth and enhancing operating leverage.