KFin Technologies reported robust financial performance for the quarter ended December 31, 2025 (Q3 FY26), with consolidated revenue, including Ascent Fund Services, growing by 27.9% YoY to ₹3,708.7 million. The performance was strongly supported by diversification, especially in the International Investor Solutions segment, which saw revenue surge by 176.5% YoY (excluding GBS). Profitability remained strong, with EBITDA margin at 40.9%, reinforcing the company’s strategic execution.
Q3 FY26 Performance Summary
KFin Technologies Limited announced its financial results for the quarter ended December 31, 2025, highlighting robust growth and sustained profitability across its diversified business lines. Revenue from operations (consolidated, including Ascent Fund Services) reached ₹3,708.7 million, marking a significant 27.9% year-over-year (YoY) growth. For the nine months ended (9MFY26), revenue grew by 18.1% YoY to ₹9,541.6 million.
Profitability and Margins
EBITDA for Q3FY26 stood at ₹1,516.2 million, up 16.1% YoY, resulting in an EBITDA margin of 40.9% (compared to 45.0% in Q3FY25). Core Profit After Tax (PAT) for the quarter was ₹983.9 million, an increase of 9.1% YoY, with a Core PAT margin of 26.5%. Diluted EPS for the quarter was reported at ₹5.30, showing a 1.7% YoY increase.
Domestic Mutual Fund Investor Solutions Growth
The core Domestic Mutual Fund business demonstrated stable performance amidst industry trends. Overall Assets Under Management (AAUM) market share remained strong at 32.5% in the last quarter, with Equity AAUM market share at 32.7%. The segment showed strong client flow metrics, with Q3FY26 SIP inflows reaching ₹340.1 billion (up 11.7% YoY), securing 37.2% market share in SIP inflows for December 2025.
International & Other Solutions Expansion
International and Other Investor Solutions was the primary growth driver, with core revenue increasing by an exceptional 176.5% YoY (or 30.7% YoY excluding GBS). The total number of international clients expanded to 428 (including 328 from Ascent). Overall AAUM for this segment grew substantially to US$40.9 billion, up 325.3% YoY. A key highlight was the selection of Ascent’s compliance platform, ‘OneConstellation’, by a major multinational bank for global investor onboarding.
Issuer Solutions Maintains Leadership
The Issuer Solutions business continued its leadership trajectory. The corporate client base grew to 9,877, adding 413 new clients in Q3FY26. KFintech maintains a significant market presence among the top 500 NSE companies, with market share in market capitalization standing at 51.4% as of December 30, 2025. The company also secured mandates for major IPOs including PhonePe, Zepto, and Duroflex.
AIF, Wealth, and Pension Highlights
In the AIF & Wealth investor solutions space, the number of AIF funds serviced reached 669, capturing a 39.0% market share, with AAUM growing 30.9% YoY to ₹1.8 trillion. Furthermore, the National Pension Scheme (NPS) subscriber base grew by 34.1% YoY to 2.0 million subscribers, with KFintech securing 43.3% market share in new subscriber additions during the quarter.
CEO Commentary
Managing Director and CEO, Sreekanth Nadella, emphasized that the results reinforce the strength of the diversified business model. He highlighted significant progress in integrating Ascent Fund Services, leading to synergy realization, and the successful maiden pension platform deal secured in the Philippines, validating the multi-geography strategy.
Source: BSE
