Slides
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KFin Technologies Limited Investor Presentation Q2FY27 (for the quarter and period ended September 30, 2026)
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2 KFin Technologies Limited, Investor Presentation Q2 FY27 Safe Harbour Statement This presentation may contain certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition, economic growth in our markets, ability to attract and retain highly skilled professionals, our ability to manage our operations, government policies and actions, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company.
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KFin Technologies Limited, Investor Presentation Q2 FY27 3 Whole Time Director & Chief Financial Officer Vivek Narayan Mathur Managing Director and Chief Executive Officer Venkata Satya Naga Sreekanth Nadella Head - Investor Relations Ram Gattani Today’s Presenters
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1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
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KFin Technologies Limited, Investor Presentation Q2 FY27 5 Globally scaled platform with integrated FA and RTA capabilities backed by strong track record of growth and leadership Note: Metrics as of Sept 30, 2026, unless stated otherwise; mm represent million; tn represent trillion; (1) based on number of AMC serviced; (2) 5 out of 33 are yet to start operations and 8 out of 63 are yet to start operations; (3) AAUM represents last quarter average; (4) includes 5 AMCs which are yet to start operations; (5) includes 8 AMCs which are yet to start operations; (6) based on market capitalization of NSE 500 companies; (7)394 clients under Ascent and 121 clients under KFintech SEA business, of which 9 clients in Malaysia, 2 clients in Singapore, 2 clients in Philippines, 1 client in Bahrain, and 4 clients in Gift city yet to go live;(8) Includes stamp duty and ISIN clients; market share based on total AIFs registered with SEBI; (9) in last 5 years ended Sept 30, 2026; (10) Assessed by CRISIL Ratings for the year ended March 31, 2026 (11)As on 31st March 2026 389 New products launched 2.7 mm Average daily transactions ~1,300 IT engineers ESG Score10 – 66 81011 BitSight Security Score Won 254 out of 435 Last new AMCs launched in India 32.8% Equity MF AAUM m. share, up from 28.8% in FY20 Largest Investor Solution provider to Indian MFs1 Investor Solutions – Domestic Mutual Funds 332 out of 632 AMCs in India; ₹28.8 tn AAUM3 serviced 36.7% Monthly SIP inflows m. share International & Other Investor Solutions 515 Clients7 including 18 New Clients yet to go live 1 of 3 Operational CRAs (NPS) With 2.5 mn subscribers and 6,827 corporate clients 756 AIF funds8 (37.2% m. share) Issuer Solutions 182 million Investor folios being managed 11,712 Corporate clients 50.2% Market share6 206 million Total investor folios 18 Countries 1000+ Global Clients 1,800+ Global Funds US$380+ billion Global AUM 388 million Investor Folios KFintech: At a Glance
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1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
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KFin Technologies Limited, Investor Presentation Q2 FY27 7 (1) Last quarter average; (2) Ranking as per last quarterly AAUM of AMCs with at least ₹10,000cr AAUM; (3) 394 clients under Ascent and 121 clients under KFintech SEA business, of which 9 clients in Malaysia, 2 clients in Singapore, 2 clients in Philippines, 1 client in Bahrain, and 4 clients in Gift city yet to go live; (4) Based on market capitalization as on Sept 30, 2026; (5) Includes stamp duty and ISIN clients; market share based on total AIFs registered with SEBI; (6) End of period Strong Performance Driven by Broad-Based Revenue Growth and Margin Expansion Revenue growth at 29.9% y-o-y; EBITDA growth at 18.7% y-o-y and margins at 40.1%; PAT growth at 7.5% y-o-y and margin of 25.0% Revenue share of non-domestic mutual fund at ~42.1% of the overall mix; VAS revenue share at 7.5% of the overall mix International and other investor solutions revenue grew by 157.9% y-o-y (20.9% y-o-y excl. Ascent) • Overall AAUM1 continues to grow faster than the industry; KFintech’s AAUM growth at 15.1% y-o-y vs. 13.1% for the industry; Equity AAUM1 growth at 14.3% y-o-y vs. 15.0% for the industry • Overall AAUM market share at 33.1%; Equity AAUM market share at 32.8% • Won a new RTA deal from Ashika Group • Launched ARYA, a conversational intelligence & investor servicing platform • 6 out of top 10 AMCs with fastest growth in AAUM2 Domestic Mutual Fund investor solutions • Total no of AIF funds5 at 756 (excl. platform clients), market share at 37.2% • Won 25 new AIF funds including from Parag Parikh Financial Advisory, Stallion Asset, Inspire Capital, Baroda BNP Paribas Asset Management, Monarch Networth Capital, Xander Advisors • Won a new mandate from a pension fund for end-to-end mPower platform solution • NPS subscriber base grew by 41.2% Y-o-Y vs 14.1% Y-o-Y growth for the industry • Added 1,96,790 subscribers during Q2FY27; Overall subscribers’ base: 2.53 million6 • Added 633 corporate clients during Q2; Overall corporate clients’ base: 6,8276 • Number of clients3 increased to 515 (Ascent: 394 and KFintech SEA: 121) • AAUM increased y-o-y to US$51.9 billion (₹4,943 billion) from US$10.6 billion (₹934 billion) • Won four new mandates for fund administration in GIFT city • Singapore, the USA, and the Middle East remain Ascent’s fastest-growing markets, with 24 new funds added in Singapore, 10 in the US, and 7 in the Middle East • Added 437 clients in Q2FY27; Total clients’ base increased to 11,712 • Market share4 in NSE 500 companies at 50.2% • Appointed as an RTA for Piramal Finance • New IPO mandates won during the quarter includes Abakkus Asset Manager, Mahanadi Coalfields, JSW One platform, Goldi Solar, Muthoot FinCorp etc • Main Board IPOs managed by KFintech in Q2FY27: 51.3% market share in terms of issue size and 44.3% market share in terms of number of IPOs Key Highlights International investor solutions Issuer solutions AIF & Wealth investor solutions National Pension Scheme
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1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
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9 KFin Technologies Limited, Investor Presentation Q2 FY27 KFintech, with its multi-asset servicing platform, is well positioned to benefit from strong growth across large markets in India Mutual Fund2Other Asset Classes Overall AAUM1 (₹ trillion) (1) Last quarter average; (2) Source: AMFI; (3) Source: SEBI; (4) Source: NPS Trust Equity AAUM 1 (₹ trillion) Monthly SIP inflows (₹ billion) Folios (in million) No of AIFs registered (cumulative) with SEBI3 +21.7% y-o-y +3.7% q-o-q +16.4% y-o-y +3.9% q-o-q No of pension subscribers4 (in million) +14.1% y-o-y +3.9% q-o-q +15.0% y-o-y +6.6% q-o-q +13.1% y-o-y +4.9% q-o-q No of demat accounts 3 (in million) India Performance 20.3 30.1 38.3 46.6 51.1 FY23 FY24 FY25 FY26 H1FY27 40.5 54.1 67.4 81.6 87.2 FY23 FY24 FY25 FY26 H1FY27 160.4 324.9 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 157 286 107 191 71 109 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Total Equity SIP 1,100 1,302 1,545 1,879 2,032 FY23 FY24 FY25 FY26 H1FY27 114 151 192 225 241 FY23 FY24 FY25 FY26 H1FY27 13.1 14.7 16.5 18.4 19.8 FY23 FY24 FY25 FY26 H1FY27
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1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
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11 KFin Technologies Limited, Investor Presentation Q2 FY27 Overall AAUM 1 & market share2 (₹ trillion) AAUM1 Growth AAUM1 Market Share2 KFintech Industry Q2FY26 Q1FY27 Q2FY27 15.1% (y-o-y) 13.1% (y-o-y) 32.5% 32.8% 33.1% 5.6% (q-o-q) 4.9% (q-o-q) 14.3% (y-o-y) 15.0% (y-o-y) 33.0% 32.4% 32.8% 7.9% (q-o-q) 6.6% (q-o-q) Equity Mix in Overall AAUM1 58.5% 56.8% 58.0% Equity AAUM 1 & market share2 (₹ trillion) SIPs Net flows Transaction Volume Q2FY27 inflows: ₹ 353.8 billion 6.9% (y-o-y) / 3.5% (q-o-q) 36.7% market share in Sept’26 Live folios: 39.3 million3 7.1% (y-o-y) vs. 11.9% (Industry) 3.5% (q-o-q) vs. 3.5% (Industry) Net flows positive in Q2FY27 KFin garnered 56.3% of industry net flows NFO Market Share No of NFOs – 55.7% Fund mobilization – 43.7% Q2FY27: 177.0 million 22.3% (y-o-y) / 11.2% (q-o-q) MFCentral CAS4 API 8.5 million hits in Q2FY27 (22.3% q-o-q) 324 clients onboarded as on Sept’26 (1) Last quarter average; (2) For the period; (3) As on September 30, 2026; (4) Consolidated account statement; (5) Ranking as per last quarterly AAUM of AMCs with at least ₹10,000cr AAUM; • Overall AAUM market share at 33.1%; Equity AAUM market share at 32.8% • Won a new RTA deal from Ashika Group • Launched ARYA, a conversational intelligence & investor servicing platform • 6 out of top 10 AMCs with fastest growth in AAUM4 Domestic Mutual Fund investor solutions: Focus on mid-size, equity-oriented AMCs, providing significant sustainable advantage 12.8 17.4 21.9 26.4 28.8 31.5% 31.7% 32.4% 32.5% 32.9% 25. 0% 26. 0% 27. 0% 28. 0% 29. 0% 30. 0% 31. 0% 32. 0% 33. 0% 34. 0% 0.0 5.0 10. 0 15. 0 20. 0 25. 0 30. 0 35. 0 FY23 FY24 FY25 FY26 H1FY27 7.0 10.0 12.5 14.6 16.7 34.9% 33.8% 33.3% 32.7% 32.6% 0.0 % 5.0 % 10. 0% 15. 0% 20. 0% 25. 0% 30. 0% 35. 0% 40. 0% 0.0 2.0 4.0 6.0 8.0 10. 0 12. 0 14. 0 16. 0 18. 0 FY23 FY24 FY25 FY26 H1FY27
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12 KFin Technologies Limited, Investor Presentation Q2 FY27 Growing global footprint1 USA (48) Cayman Islands (184) BVI (39) Jersey (5) Saudi Arabia (132) India (48) UAE (30) Mauritius (12) Australia (15) Singapore (335) Hong Kong (16) Japan (1) Malaysia (39) Seychelles (3) Canada (1) Philippines (6) Thailand (1) Gift CIty (68) • Number of clients2 increased to 515 (Ascent: 394 and KFintech SEA: 121) • AAUM increased y-o-y to US$51.9 billion (₹4,943 billion) from US$10.6 billion (₹934 billion) • Won four new mandates for fund administration in GIFT city • Singapore, the USA, and the Middle East remain Ascent’s fastest-growing markets, with 24 new funds added in Singapore, 10 in the US, and 7 in the Middle East (1) Based on number of funds (2) 394 clients under Ascent and 121 clients under KFintech SEA business, of which 9 clients in Malaysia, 2 clients in Singapore, 2 clients in Philippines, 1 client in Bahrain, and 4 clients in Gift city yet to go live; No of clients +453.8% Y-o-Y 0.8% Q-o-Q International investor solutions: Expanding global footprints… Bahrain (2) UK (1) RTA Fund Administration 84 519 93 121 394 H1FY26 H1FY27 KFIN Ascent China (2)
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KFin Technologies Limited, Investor Presentation Q2 FY27 13 Overall AAUM (US$ bn) AAUM by Geography (%) Asset Mix (%) +389.9% y-o-y +4.4% q-o-q …with Well Diversified Portfolio 31% 19%19% 15% 5% 3% 8% Hedge Fund Public Market Private Equity Digital Asset Venture Capital Real Estate Others 10.6 49.6 51.9 Q2FY26 Q1FY27 Q2FY27 24% 20% 20% 12% 4% 5% 3% 5% 2% 1% 1% 3% Malaysia Singapore Saudi Arabia Cayman Islands Hong Kong India BVI USA Bahrain Philippines Australia Others
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14 KFin Technologies Limited, Investor Presentation Q2 FY27 KFintech’s market share in NSE 500 companies By September 30, 2025 June 30, 2026 September 30, 2026 No of clients2 37.7% 37.7% 38.1% No of folios2 41.9% 42.1% 43.3% Market capitalization2 49.6% 50.0% 50.2% • Added 437 clients in Q2FY27; Total clients’ base increased to 11,712 • Folios increased by 6.9 million in Q2FY27; Total folios increased to 182 million • Appointed as an RTA for Piramal Finance • New IPO mandates won during the quarter includes Abakkus Asset Manager, Mahanadi Coalfields, JSW One platform, Goldi Solar, Muthoot FinCorp etc • Main Board IPOs managed by KFintech in Q2FY27: 51.3% market share in terms of issue size and 44.3% market share in terms of number of IPOs (1) End of period; (2) Based on the movement of clients in the NSE500 category +23.8% y-o-y +3.9% q-o-q +11.1% y-o-y +4.0% q-o-q No of investor folios1 (in million) No of corporate clients1 Issuer solutions - Maintaining the leadership position 5,363 6,071 7,987 10,603 11,712 FY23 FY24 FY25 FY26 H1FY27 110 124 164 167 182 FY23 FY24 FY25 FY26 H1FY27
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15 KFin Technologies Limited, Investor Presentation Q2 FY27 (1) Includes stamp duty, ISIN and platform clients; (2) End of Period; (3) Based on total AIF registered with SEBI; (4) On overall subscribers’ base: AAUM2 (₹ billion) +12.9% y-o-y -1.3% q-o-q • Total no of AIF funds2 at 756 (excl. platform clients), market share3 at 37.2% • Won 25 new AIF funds including from Parag Parikh Financial Advisory, Stallion Asset, Inspire Capital, Baroda BNP Paribas Asset Management, Monarch Networth Capital, Xander Advisors • Won a new mandate from a pension fund for end-to-end mPower platform solution • No of mPower fund administration platform clients in India: 29; 8 AMCs and 8 pension fund managers are using the platform including 5 AMCs where KFintech is not the RTA No of Subscribers2 & market share4 (in million) National Pension Scheme +41.2% y-o-y +8.5% q-o-q • KFintech’s subscriber base grew by 41.2% Y-o-Y vs 14.1% Y-o-Y growth for the industry • Added 1,96,790 subscribers during Q2FY27; Overall subscribers’ base: 2.53 million2 • Market share in new subscriber addition at 26.3% vs 27.9% in Q2FY26 • Added 633 corporate clients during Q2; Overall corporate clients’ base: 6,8272 No of Funds serviced by KFintech1,2 +17.3% y-o-y +3.7% q-o-q Alternates, Private Wealth & PMS Other investor solutions: Younger & faster growing businesses 0.96 1.22 1.62 2.19 2.53 7.3% 8.3% 9.8% 11.9% 12.8% 0.0 % 2.0 % 4.0 % 6.0 % 8.0 % 10. 0% 12. 0% 14. 0% FY23 FY24 FY25 FY26 Q2FY27 615 987 1,453 1,725 2,030.9 FY23 FY24 FY25 FY26 H1FY27 431 496 593 741 785 FY23 FY24 FY25 FY26 H1FY27
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1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
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17 KFin Technologies Limited, Investor Presentation Q4 FY26 All figures are in ₹ million *As on end of period; **EPS for the quarter is not annualised Consolidated KFin excl. Ascent Consolidated KFin incl. Ascent Particulars Q2FY27 % Change H1FY27 % Change Q2FY27 % Change H1FY27 % Change Revenue from Operations 3,429.1 10.9% y-o-y 14.1% q-o-q 6,433.3 10.3% y-o-y 4,018.0 29.9% y-o-y 12.7% q-o-q 7,583.3 30.0% y-o-y EBITDA 1,568.9 15.6% y-o-y 32.5% q-o-q 2,753.3 10.3% y-o-y 1,610.3 18.7% y-o-y 32.0% q-o-q 2,830.1 13.4% y-o-y EBITDA Margin (%) 45.8% 187 bps y-o-y 633 bps q-o-q 42.8% 1 bps y-o-y 40.1% 381 bps y-o-y 587 bps q-o-q 37.3% 547 bps y-o-y PAT 1045.2 12.0% y-o-y 30.8% q-o-q 1,844.0 8.1% y-o-y 1,003.4 7.5% y-o-y 33.4% q-o-q 1,755.6 2.9% y-o-y PAT Margin (%) 30.5% 30 bps y-o-y 389 bps q-o-q 28.7% 58 bps y-o-y 25.0% 520 bps y-o-y 388 bps q-o-q 23.2% 609 bps y-o-y Cash & Cash Equivalents* 5,508.6 20.3% y-o-y Diluted EPS** 6.02 12.0% y-o-y 30.7% q-o-q 10.62 8.0% y-o-y 5.78 7.5% y-o-y 33.2% q-o-q 10.12 3.0% y-o-y Financial Performance
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18 KFin Technologies Limited, Investor Presentation Q2 FY27 Revenue from Operations EBITDA & Margin* PAT& Margin** 29.9% Y-o-Y All figures are in ₹ million *EBITDA margin excl. Ascent in Q2FY27 :45.8%; Q1FY27 : 39.4%, Q4FY26 : 41.9%, Q3FY26 : 46.3%, FY26 : 43.5% ** PAT margin excl. Ascent in Q2FY27 : 30.5%; Q1FY27 : 26.6%, Q4FY26 : 28.8%, Q3FY26 : 29.2%, FY26 : 29.1% 18.7% Y-o-Y 7.5% Y-o-Y Quarterly Financial Trend 3,092 3,709 3,473 3,565 4,018 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 1,357 1,516 1,285 1,220 1,610 43.9% 40.9% 37.0% 34.2% 40.1% 0.0 % 5.0 % 10. 0% 15. 0% 20. 0% 25. 0% 30. 0% 35. 0% 40. 0% 45. 0% 50. 0% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 933 920 811 752 1,003 30.2% 24.8% 23.4% 21.1% 25.0% 0.0 % 5.0 % 10. 0% 15. 0% 20. 0% 25. 0% 30. 0% 35. 0% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27
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KFin Technologies Limited, Investor Presentation Q2 FY27 19 All figures are in ₹ million FY26 and onwards figures represent consolidated numbers including Ascent Fund Services *EBITDA margin excl. Ascent in H1FY27 : 42.8%; FY26 : 43.5% ** PAT margin excl. Ascent in H1FY27 : 28.7%; FY26 : 29.1% Revenue from Operations EBITDA & Margin* PAT & Margin** 30.0% Y-o-Y 13.4% Y-o-Y 2.9% Y-o-Y Yearly Financial Trend 8,375 10,908 13,015 5,833 7,583 FY24 FY25 FY26 H1FY26 H1FY27 3,666 4,790 5,297 2,496 2,830 43.8% 43.9% 40.7% 42.8% 37.3% 0.0 % 5.0 % 10. 0% 15. 0% 20. 0% 25. 0% 30. 0% 35. 0% 40. 0% 45. 0% 50. 0% FY24 FY25 FY26 H1FY26 H1FY27 2,460 3,326 3,437 1,706 1,756 29.4% 30.5% 26.4% 29.2% 23.2% 0.0 % 5.0 % 10. 0% 15. 0% 20. 0% 25. 0% 30. 0% 35. 0% FY24 FY25 FY26 H1FY26 H1FY27
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KFin Technologies Limited, Investor Presentation Q2 FY27 20 All figures in ₹ million Value-added-service (VAS) revenue (as % of overall revenue): Q2FY27 : 8.8%; Q1FY27- 6.4%; Q2FY26 – 7.7%; FY26 – 7.8%; **ESOP expenses: Q2FY27 – 32.7; Q1FY27 – 33.0; Q2FY26 – 25.1; FY26 – 125.8; Depreciation expenses:Q2FY27 - 204.4; Q1FY27 -196.3; Q2FY26 –184.1 ;H1FY27 - 400.7; H1FY26 - 360.4; FY26 – 747.9; Particulars Q2FY27 Q1FY27 Q-o-Q Q2FY26 Y-o-Y H1FY27 H1FY26 Y-o-Y FY26 Revenue Domestic Mutual Fund Investor Solutions 2,324.7 2,152.0 8.0% 2,164.2 7.4% 4476.6 4178.1 7.1% 8,527.6 International & Other Investor Solutions 519.3 469.6 10.6% 429.7 20.9% 988.9 795.7 24.3% 1,681.3 Issuer Solutions 508.9 319.3 59.4% 416.9 22.1% 828.3 721.0 14.7% 1,539.5 Net Sale of Services 3,352.9 2,940.9 14.0% 3,010.7 11.4% 6,293.8 5,695.7 10.5% 11,748.4 Other Operating Revenue 76.3 63.3 20.6% 81.6 -6.5% 139.5 137.2 1.7% 272.1 Revenue from operations* 3,429.1 3,004.1 14.1% 3,092.3 10.9% 6,433.3 5,832.9 10.3% 12,020.5 Employee benefits expense** 1,212.3 1,211.8 0.0% 1,139.9 6.4% 2,424.1 2,257.1 7.4% 4,561.2 Other expenses 647.9 608.0 6.6% 595.4 8.8% 1,255.9 1,080.2 16.3% 2,230.1 Operating expenses 1,860.2 1,819.8 2.2% 1,735.3 7.2% 3,680.0 3,337.3 10.3% 6,791.3 EBITDA 1,568.9 1,184.4 32.5% 1,357.1 15.6% 2,753.3 2,495.7 10.3% 5,229.3 Margin 45.8% 39.4% 43.9% 42.8% 42.8% 43.5% Profit before tax (post share of associate) 1,428.9 1,075.2 32.9% 1,269.4 12.6% 2,504.1 2,318.5 8.0% 4,858.9 Margin 41.7% 35.8% 41.1% 38.9% 39.7% 40.4% Tax expense 383.8 276.4 38.8% 336.3 14.1% 660.2 612.8 7.7% 1,230.9 Net Profit after tax (reported) 1,045.2 798.8 30.8% 933.1 12.0% 1,844.0 1,705.7 8.1% 3,502.1 Margin 30.5% 26.6% 30.2% 28.7% 29.2% 29.1% Diluted Earnings Per Share (EPS in ₹) 6.02 4.61 30.7% 5.38 12.0% 10.62 9.83 8.0% 20.16 Consolidated Financial Summary excl. Ascent
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KFin Technologies Limited, Investor Presentation Q2 FY27 21 All figures in ₹ million *Value-added-service (VAS) revenue (as % of overall revenue): Q2FY27- 7.5%; Q1FY27 – 5.4% ; Q2FY26 – 9.3%; FY26 – 7.2%; **ESOP expenses: Q2FY27 – 32.7; Q1FY27 – 33.0; Q2FY26 – 25.1; FY26 – 125.8; Depreciation expenses: Q2FY27 – 284.1; Q1FY27 - 273.1; Q2FY26 –184.1; H1FY27 – 557.1; H1FY26 – 360.4; FY26 – 862.6; Q2FY27 includes impact of ₹ 35.6 mm (H1FY27 - 71.28 mm) towards amortisation of customer relationships and brands, arising on account business combination entries for acquisition of Ascent Fund Services. Consolidated Financial Summary incl. Ascent Particulars Q2FY27 Q1FY27 Q-o-Q Q2FY26 Y-o-Y H1FY27 H1FY26 Y-o-Y FY26 Revenue Domestic Mutual Fund Investor Solutions 2,324.7 2,152.0 8.0% 2,164.2 7.4% 4476.6 4178.1 7.1% 8,527.6 International & Other Investor Solutions 1,108.1 1,030.8 7.5% 429.7 157.9% 2138.9 795.7 168.8% 2,675.7 Issuer Solutions 508.9 319.3 59.4% 416.9 22.1% 828.3 722.0 14.7% 1,539.5 Net Sale of Services 3,941.7 3,502.1 12.6% 3,010.7 30.9% 7,443.8 5,695.7 30.7% 12,742.9 Other Operating Revenue 76.3 63.3 20.6% 81.6 -6.5% 139.5 137.2 1.7% 272.1 Revenue from operations* 4,018.0 3,565.4 12.7% 3,092.3 29.9% 7,583.3 5,832.9 30.0% 13,014.9 Employee benefits expense** 1,630.0 1,607.7 1.4% 1,139.9 43.0% 3,237.7 2,257.1 43.4% 5,250.8 Other expenses 777.6 737.9 5.4% 595.4 30.6% 1,515.5 1,080.2 40.3% 2,467.5 Operating expenses 2,407.6 2,345.6 2.6% 1,735.3 38.7% 4,753.2 3,337.3 42.4% 7,718.3 EBITDA 1,610.3 1,219.8 32.0% 1,357.1 18.7% 2,830.1 2,495.7 13.4% 5,296.7 Margin 40.1% 34.2% 43.9% 37.3% 42.8% 40.70% Profit before tax (post share of associate) 1,389.8 1,034.1 34.4% 1,269.4 9.5% 2,424.0 2,318.5 4.5% 4,803.9 Margin 34.6% 29.0% 41.1% 32.0% 39.7% 36.9% Tax expense 386.4 282.0 37.0% 336.3 14.9% 668.4 612.8 9.1% 1240.9 Net Profit after tax (reported) 1,003.4 752.1 33.4% 933.1 7.5% 1,755.6 1,705.7 2.9% 3,437.1 Margin 25.0% 21.1% 30.2% 23.2% 29.2% 26.4% Diluted Earnings Per Share (EPS in ₹) 5.78 4.34 33.2% 5.38 7.5% 10.12 9.83 3.0% 19.81
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22 KFin Technologies Limited, Investor Presentation Q2 FY27 All figures are in ₹ million Revenue Break-up Q2FY27 % Q1FY27 % Q2FY26 % H1FY27 % H1FY26 % Domestic Mutual Fund 2,324.7 57.9% 2,152.0 60.4% 2,164.2 70.0% 4,476.6 59.0% 4,178.1 71.6% International Investor Solutions 796.7 19.8% 729.8 20.5% 141.8 4.6% 1,526.5 20.1% 259.4 4.4% Issuer Solution 508.9 12.7% 319.3 9.0% 416.9 13.5% 828.3 10.9% 722.0 12.4% Alternates, Private Wealth and PMS 226.1 5.6% 201.7 5.7% 197.6 6.4% 427.8 5.6% 368.9 6.3% NPS 40.5 1.0% 53.8 1.5% 32.2 1.0% 94.4 1.2% 61.6 1.1% Other Allied Services 39.3 1.0% 40.2 1.1% 34.3 1.1% 79.4 1.0% 67.1 1.2% GBS 5.5 0.1% 5.4 0.2% 23.7 0.8% 11.0 0.1% 38.2 0.7% OPE 76.3 1.9% 63.2 1.8% 81.6 2.6% 139.4 1.8% 137.7 2.4% Total 4,018.0 100.0% 3,565.4 100.0% 3,092.34 100.0% 7,583.3 100.0% 5,832.9 100.0%
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1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
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KFin Technologies Limited, Investor Presentation Q2 FY27 24 22+ years of experience Previously served as Managing Director at Accenture Services and Transformation manager at IBM Global Services Venkata Satya Naga Sreekanth Nadella Managing Director and Chief Executive Officer 18+ years of experience Previously worked at IndusInd Bank and Shinhan Bank Praveen Shankaran Chief Operating Officer – Domestic Fund Services 20+ years of experience in in leading sales, business development, marketing, and CRM Previously worked at HDFC AMC, Religare Invesco AMC, Sundaram BNP Paribas AMC Senthil Gunasekaran Chief Business Development Officer Co-founded WebileApps in 2009, leading its evolution from a specialized startup into a 400-person engineering organization supporting fintech, capital markets, and healthcare platforms across Indian and international markets. Previously worked with Wipro Limited before founding Webileapps Nazish Hussain Mir Chief Technology Officer 25+ years of experience in human resources Previously worked at Atos, Syntel Inc, Eserve International (Citigroup), Aditya Birla TransWorks Sujay Puthran Chief People Officer 16+ years of experience in system integration, sales & business development, relationship management, business operations and liaising in Malaysia Previously worked at Deutsche Bank & AIA group Harbinder Singh Country Head – Malaysia 28+ years of experience Previously worked at Bharti BT Internet, American Express, Bajaj Capital, Cigna TTK Health Insurance Vivek Narayan Mathur Whole Time Director & Chief Financial Officer 17+ years of experience across finance & strategy Previously worked at Future Generali, Aditya Birla Group, Standard & Poor Amit Murarka CFO & Head– International Business, Head M&A Leadership Team 27+ years of experience in financial services Previously worked at NSDL Narayan Venkat Chief Operating Officer - Corporate Registry
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KFin Technologies Limited, Investor Presentation Q2 FY27 25 Board of Directors Group CFO at Kotak Mahindra Bank Limited. Over 30 years of experience in BFSI industry Prior to joining the Kotak Group, he was at KPMG for a decade Devang Gheewalla (Non-Executive Nominee Director) Over 26 years of experience in information and technology Principal at General Atlantic ex-Chief Technology Officer at Dun & Bradstreet and ex- CIO at Dun & Bradstreet South Asia Middle east Ltd., Ex- Chief information officer with Bharat Financial Inclusion Srinivas Peddada (Non-Executive Nominee Director) Chair: ITSC 5 Over 30 years of experience in India and Asia Pacific Ex-Chief Operating Officer and Operating Partner at General Atlantic Ex-Group CFO at WNS Group, Ex-Group CFO at Mphasis BFL Group. Fellow member of the Institute of Chartered Accountants of India Alok Chandra Misra (Non-Executive Director) Chair : RMC 2 Managing Director in General Atlantic Pvt. Ltd. Over 20 years of experience in financial services, technology, healthcare and consumer sectors in India and Asia-Pacific region Shantanu Rastogi (Non-Executive Nominee Director) Chair: BD&SC 6 Founder of Viteos, Ex-CEO of Intertrust, Ex-Chief Strategy Officer of CSC 40+ years experience in global capital markets and asset management operations industry Shankar Iyer (Independent Director) 40 years of experience in private banking, alternative investments, including private equity funds and real estate funds Ex-joint MD at Kotak Mahindra Bank Prior to joining the Kotak Group, he was with Overseas Sanmar Financial Limited Chengalath Jayaram (Independent Director) Chair: SRC 1 NRC 3 Ex-general manager (operation and technology group head) at Samba Financial Group Over 31 years of experience in banking, finance, operations and technology, mergers and acquisitions, investment advisory and transformation projects Kaushik Mazumdar (Independent Director) Chair: Audit Committee 30 years of experience in digital transformation and IT products & services Served in various leadership roles at Microsoft India, Mindtree and IBM Radha Rajappa (Independent Director) Chair: CSR 4 Committee (1) Stakeholders’ Relationship Committee; (2) Risk Management Committee; (3) Nomination & Remuneration Committee; (4) Corporate Social Responsibility; (5) IT Strategy Committee; (6) Business Development & Strategy Committee Ex-Chairman of SBI Bank & ; Managing Director (Associates & Subsidiaries) 40+ years of experience in Banking , Mergers & Amalagamation Dinesh Khara (Chairman & Independent Director)
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26 KFin Technologies Limited, Investor Presentation Q2 FY27 Stock information BSE Ticker 543720 NSE Symbol KFINTECH Face Value (₹) 10.00 No. of shares outstanding 172,872,079 Free Float 124,917,931 Industry Depositories, Clearing Houses and Other Intermediaries Top Institutional Holders Aditya Birla MF Invesco MF Axis MF Kotak Mahindra Bank Bandhan MF Mirae Asset Global Investments BlackRock Mirae MF Dimentional Fund Advisors Motilal Oswal MF DSP MF Nippon India MF Edelweiss MF Pari Washington Employees Retirement System of the State of Hawaii Skerryvore Asset Management HSBC MF Union MF ICICI Lombard General Insurance UTI MF IIFL AIF Vanguard Indus Capital Partners Wasatch Advisors Market Cap: ₹14,521 cr (as on 30th sept’2026) Shareholding Pattern: as on 30th Sept 2026 Promoters (General Atlantic) 14.1% MFs 27.0%Banks, Insurance Cos & Other DIIs 10.6% FPIs 20.1% Others 28.3%
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Appendix
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28 KFin Technologies Limited, Investor Presentation Q2 FY27 Note: Years represent calendar year ending 31st Mar; (1) Divested entire stake of 20.95% in July’24; (2) Acquired 51% stake on 13th Oct’25 with a path to 100% ownership over the next 5 years Investor Solutions Value added solutionsOur Offerings ✓ Domestic Mutual Fund ✓ International solutions ✓ Alternatives, Wealth management and PMS ✓ Pension ◼ Launch of Issuer Solutions Business ◼ Launch of Pension Services Business ◼ General Atlantic buyout ◼ New CEO appointed ◼ Acquired Sundaram BNP Paribas Fund Services RTA1 business ◼ Acquired Hexagram (fund accounting) ◼ Listed on NSE & BSE ◼ Launch of Alternative and Wealth Management Business ◼ Launch of Investor solutions (Domestic Mutual Fund Solutions Business) - ◼ New chairman of the board appointed ◼ Kotak Mahindra Bank acquired 9.9% stake ◼ International investor solutions business in South-East Asia ◼ Investment in OneMoney (AA)1 ◼ Acquired WebileApps 20101985 2018 1995 2020 2022 2019 2021 2023 2024 ◼ Selected by Blackrock Aladdin Provider Network as ninth global FA partner Issuer Solutions - ◼ Acquired majority 51% stake in Ascent Fund Services2, Singapore, expanding global footprint 2025 Our Journey So Far ◼ Acquired 2% stake in Sahamati Foundation (AA SRO) 2026
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KFin Technologies Limited, Investor Presentation Q2 FY27 29 Attract and retain talent Maintain market leadership by further deepening relationship with existing clients Expand client base and market share through enhanced sales and marketing Investing in technology solutions and product innovation Focused, selective international expansion Pursue strategic acquisitions 1 2 34 5 6 Our Growth Strategies
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30 KFin Technologies Limited, Investor Presentation Q2 FY27 Thank You!
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1 Q2FY27 H1FY27 Domestic Mutual Fund Investor Solutions Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 No of Operating Clients 28.0 26.0 24.0 28.0 24.0 AAUM Serviced (₹ billion) (last quarter of the period) 28,840.8 27,306.2 25,048.5 28,840.8 25,048.5 AAUM Market share (last quarter of the period) 33.1% 32.8% 32.5% 33.1% 32.5% AAUM Serviced (₹ billion) (avg for the period) 28,840.8 27,306.2 25,048.5 28,073.5 24,250.7 AAUM Market share (avg for the period) 33.1% 32.8% 32.5% 32.9% 32.5% Equity AAUM Serviced (₹ billion) (last quarter of the period) 16,732.5 15,512.2 14,642.7 16,732.5 14,642.7 Equity AAUM Market share (last quarter of the period) 32.8% 32.4% 33.0% 32.8% 33.0% Equity AAUM Serviced (₹ billion) (avg for the period) 16,732.5 15,512.2 14,642.7 16,122.4 14,120.2 Equity AAUM Market share (avg for the period) 32.8% 32.4% 33.0% 32.6% 33.0% Equity AAUM Mix (last quarter of the period) 58.0% 56.8% 58.5% 58.0% 58.5% SIP inflows (billion) (for the period) 353.8 341.7 330.9 695.5 642.5 SIP book AAUM (₹ billion) (last quarter of the period) 5,926.8 5,559.6 4,920.0 5,926.8 4,920.0 Fact Sheet Q2FY27 & H1FY27 ₹ 4,018.0 million Revenue +29.9% Y-o-Y +12.7% Q-o-Q ₹ 1,610.3 million EBITDA Margin at 40.1% ₹ 1003.4 million PAT Margin at 25.0% ₹ 5.78 EPS +7.5% Y-o-Y +33.2% Q-o-Q ₹ 7,583.3 million Revenue +30.0% Y-o-Y ₹ 2,830.1 million EBITDA Margin at 37.3% ₹ 1,755.6 million PAT Margin at 23.2% ₹ 10.12 EPS +3.0% Y-o-Y
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2 Domestic Mutual Fund Investor Solutions Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 SIP book AAUM market share (last quarter of the period) 32.5% 32.3% 32.2% 32.5% 32.2% SIP live folios (million) (end of the period) 39.3 37.9 36.7 39.3 36.7 No of Transactions (million) (for the period) 177.0 159.1 144.7 336.1 279.7 Avg live folio count (million) (at the end of the period) 121.2 118.1 110.2 121.2 110.2 International Investor Solutions: KFintech SEA Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 No of clients 121.0 117.0 93.0 121.0 93.0 AAUM Serviced (₹ billion) (at the end of the period) 1,321.9 1,265.6 933.9 1,321.9 933.9 Transctions handled (million) (for the period) 1.0 0.9 0.9 1.9 1.7 International Investor Solutions: Ascent Fund Services Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 No of clients 394.0 394.0 312 394.0 312.0 No of funds 867.0 836.0 654 867.0 654.0 AAUM Serviced ($ billion) 38.0 36.3 27.5 38.0 27.5 Issuer Solutions Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 No of Clients 11,712.0 11,275.0 9,464.0 11,712.0 9,464.0 No of folios (million) (end of the period) 181.8 174.8 163.6 181.8 163.6 No of Tranactions (million) (for the period) 0.8 0.6 0.8 1.4 1.5 No of IPOs Handled (Main board) (for the period) 31.0 8.0 18.0 39.0 24.0 Main Board IPOs – market share (basis no of clients) 39.7% 66.7% 34.6% 44.3% 35.8% Main Board IPOs – market share (basis the issue size) 49.7% 79.2% 43.8% 51.3% 33.7% NSE 500 companies – market share (basis the market capitalisation) 50.2% 50.0% 49.6% 50.2% 49.6%
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3 Other Investor Solutions: AIF and Wealth Management Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 No of funds being handled (cumulative) 756 731 644 756 644 Market share – based on no of funds (end of period) 37.2% 37.3% 38.6% 37.2% 38.6% AAUM (₹ billion) (end of period) 2,030.9 2,057.8 1,798.8 2,030.9 1,798.8 Other Investor Solutions: National Pension Services Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 No of Subscribers 2,525,108 2,328,318 1,788,654 2,525,108 1,788,654 Market share - on subscribers' base (end of period) 12.8% 12.2% 10.3% 12.8% 10.3% Number of Corporates clients (end of period) 6,827.0 6,194.0 4,360.0 6,827 4,360.0 AAUM (₹ billion) (end of period) 705.0 691.1 602.2 705 602.2 No of POPs associated 94.0 94.0 94.0 94 94.0
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4 Consolidated Income Statement (₹ million) Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 Domestic Mutual Fund Investor Solutions 2,324.7 2,152.0 2,164.2 4,476.6 4,178.1 Issuer Solutions 508.9 1,030.8 416.9 828.3 722.0 International & Other Investor Solutions 1,108.1 319.3 429.7 2,138.9 795.7 Net Sale of Services 3,941.7 3,502.1 3,010.7 7,443.8 5,695.7 Other Operating Revenue 76.3 63.3 81.6 139.5 137.2 Revenue from operations 4,018.0 3,565.4 3,092.3 7,583.3 5,832.9 Employee benefits expense 1,630.0 1,607.7 1,139.9 3,237.7 2,257.1 Other expenses 777.6 737.9 595.4 1,515.5 1,080.2 Operating expenses 2,407.6 2,345.6 1,735.3 4,753.2 3,337.3 EBITDA 1,610.3 1,219.8 1,357.1 2,830.1 2,495.7 Margin 40.1% 34.2% 43.9% 37.3% 42.8% Profit before tax 1,392.4 1,036.6 1,269.9 2,429.0 2,321.5 Margin 34.7% 29.1% 41.1% 32.0% 39.8% Share of profit of associate -2.6 -2.5 -0.4 -5.1 -3.0 Tax expense 386.4 282.0 336.3 668.4 612.8 Net Profit after tax 1,003.4 752.1 933.1 1,755.6 1,705.7 Margin 25.0% 21.1% 30.2% 23.2% 29.2% Diluted EPS (in INR) 5.78 4.34 5.38 10.12 9.83 Value-added-services (as % of overall revenue) 7.5% 5.4% 9.3% 6.5% 8.2% ESOP Expenses 32.7 33.0 25.1 65.7 50.0 Non-domestic mutual fund revenue (as % of overall revenue) 42.1% 39.6% 30.0% 41.0% 28.4%
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5 Revenue Break up (₹ million) Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 Domestic Mutual Fund 2,324.7 2,152.0 2,164.2 4,476.6 4,178.1 International Investor Solutions 796.7 729.8 141.8 1,526.5 259.4 Issuer Solution 508.9 319.3 416.9 828.3 722.0 Alternates, Private Wealth and PMS 226.1 201.7 197.6 427.8 368.9 NPS 40.5 53.8 32.2 94.4 61.6 Other Allied Services 39.3 40.2 34.3 79.4 67.1 GBS 5.5 5.4 23.7 11.0 38.2 OPE Revenues 76.3 63.2 81.6 139.4 137.7 Total 4,018.0 3,565.4 3,092.3 7,583.3 5,832.9 For more information please contact: Ram Gattani Email: InvestorRelations@kfintech.com
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B S R and Co Chartered Accountants Salarpuria Knowledge City, Orwell B Wing, 6th Floor, Unit-3, Sy No. 83/1 Plot No. 02, Raidurg Hyderabad – 500 081, India Telephone + 91 407 182 2000 Fax + 91 407 182 2399 Principal Office: 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 4 Limited Review Report on unaudited consolidated financial results of KFin Technologies Limited for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of KFin Technologies Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of KFin Technologies Limited (hereinafter referred to as “the Parent”), and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”) and its share of the net loss after tax and total comprehensive loss of its joint venture for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 (“the Statement”), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement, which is the responsibility of the Parent’s management and approved by the Parent’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “ Interim Financial Reporting ” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: S No Name of the component Country Relationship 1 KFin Technologies (Bahrain) W.L.L. Bahrain Subsidiary 2 KFin Technologies (Malaysia) SDN. BHD. Malaysia Subsidiary 3 KFin Services Private Limited India Subsidiary 4 Hexagram Fintech Private Limited India Subsidiary 5 Hexagram Fintech SDN. BHD. Malaysia Subsidiary
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BSRa n dC o Limited Review Report (Continued) KFin Technologies Limited Page 2 of 4 6 KFin Global Technologies (IFSC) Limited India Subsidiary 7 WebileApps (India) Private Limited India Subsidiary 8 WebileApps Technology Services Private Limited India Subsidiary 9 KFin Technologies (Thailand) Limited Thailand Subsidiary 10 KFin Technologies (Singapore) Pte. Ltd Singapore Subsidiary 11 Ascent Fund Services (Singapore) Pte. Ltd. Singapore Subsidiary 12 Ascent Corporate Solutions Pte. Ltd. Singapore Subsidiary 13 Ascent Global Fintech Solutions Pte. Ltd. Singapore Subsidiary 14 Ascent GlobalOP Sdn. Bhd. Malaysia Subsidiary 15 Ascent Fund Services (Hong Kong) Limited Hong Kong Subsidiary 16 Ascent Fund Services (Shanghai) Co. Ltd. China Subsidiary 17 Ascent Fund Services (Japan) Ltd. Japan Subsidiary 18 Ascent Fund Services (Australia) Pty. Ltd. Australia Subsidiary 19 Ascent Corporate Solutions (Hong Kong) Limited Hong Kong Subsidiary 20 Ascent Fund Services (India) Private Limited India Subsidiary 21 AscentFS (Mauritius) Ltd Mauritius Subsidiary 22 AscentFS Management (Mauritius) Ltd. Mauritius Subsidiary 23 Ascent Fund Services Ltd. Abu Dhabi Subsidiary 24 Ascent FS (India) LLP India Subsidiary 25 Ascent Fund Services (USA) LLC United States of America Subsidiary 26 Ascent Fund Services (UK) Limited United Kingdom Subsidiary
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BSRa n dC o Limited Review Report (Continued) KFin Technologies Limited Page 3 of 4 27 Ascent Management Consulting Saudi Arabia Subsidiary 28 Ascent Fund Services (DIFC) Ltd. Dubai Subsidiary 29 Ascent Fund Services L.L.C Dubai Subsidiary 30 Ascent Corporate Services Cayman Limited The Cayman Islands Subsidiary 31 KFin Employee Welfare Trust India Controlled Trust 32 MFC Technologies Private Limited India Joint Venture 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We draw attention to Note 3 of the Statement. The pre-amalgamated Company acted as the Registrar and Transfer Agent (“RTA”) of a former client (“the Client”) until 5 April 2021. The Client had a demat account with one of the Depository Participants (“DP”) for depositing its shares in escrow for the purposes of its initial public offering (“IPO”). The Parent Company subsequently identified that 1,294,489 shares were transferred by the DP, in the years 2011 and 2020, from the said escrow account of the Client to the DP’s own demat account and to a third party’s demat account through an off-market transaction, without authorisation from the Client. Based on legal advice and in good faith, the Board of Directors of the Parent Company approved the transfer of 1,294,489 shares back to the Client’s escrow account, without admission of fault. In accordance with the indemnity clause contained in the related share subscription agreement dated 28 May 2021, these amounts were recovered from such parties. Further, the dividend of INR 4.08 million received on these shares during the financial year 2021–22 was also transferred to the Client. As at 30 September 2026, the Parent Company has recognised a provision of INR 93.02 million in the statement of unaudited consolidated financial results towards potential claims by the Client, including claims relating to dividends on such shares for earlier periods. Pending final settlement of the terms with the Client, the provision has been measured at management’s best estimate. Upon conclusion of the settlement, the Parent Company intends to initiate proceedings against the concerned parties, including certain minority shareholders, to recover amounts paid or payable in connection with this matter. Our conclusion is not modified in respect of this matter.
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BSRa n dC o Limited Review Report (Continued) KFin Technologies Limited Page 4 of 4 7. We did not review the financial information of 25 Subsidiaries included in the Statement, whose financial information reflects total assets (before consolidation adjustments) of INR 11,586.51 million as at 30 September 2026 and total revenues (before consolidation adjustments) of INR 822.33 million and INR 1,626.06 million, total net loss after tax (before consolidation adjustments) of INR 18.46 million and INR 34.62 million and total comprehensive loss (before consolidation adjustments) of INR 20.19 million and INR 37.22 million, for the quarter ended 30 September 2026 and for the period from 01 April 2026 to 30 September 2026, respectively, and cash inflows (net) (before consolidation adjustments) of INR 50.50 million for the period from 01 April 2026 to 30 September 2026, as considered in the Statement. This interim financial information has been reviewed by other auditors whose reports have been furnished to us by the Parent’s management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Certain of these subsidiaries are located outside India whose financial information has been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective countries. The Parent’s management has converted the financial information of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent’s management. Our conclusion in so far as it relates to the balances and affairs of such subsidiaries located outside India is based on the reports of other auditors and the conversion adjustments prepared by the management of the Parent and reviewed by us. Our conclusion is not modified in respect of this matter. For B S R and Co Chartered Accountants Firm’s Registration No.:128510W Amit Kumar Bajaj Partner Hyderabad Membership No.: 218685 26 October 2026 UDIN:26218685JTNATC7060 AMIT KUMAR BAJAJ Digitally signed by AMIT KUMAR BAJAJ Date: 2026.10.26 19:21:21 +05'30'
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(₹ in millions) For the year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Income 1 Revenue from operations 4,017.96 3,565.36 3,092.34 7,583.32 5,832.92 13,014.93 2 Other income 82.04 103.56 107.73 185.60 208.05 424.32 Total income 4,100.00 3,668.92 3,200.07 7,768.92 6,040.97 13,439.25 3 Expenses Employee benefits expense 1,630.01 1,607.68 1,139.86 3,237.69 2,257.07 5,250.77 Finance costs 15.84 13.68 10.88 29.52 21.79 46.91 Depreciation, impairment and amortisation expense 284.08 273.06 184.05 557.14 360.44 862.56 Other expenses 777.63 737.91 595.41 1,515.54 1,080.18 2,467.48 Total expenses 2,707.56 2,632.33 1,930.20 5,339.89 3,719.48 8,627.72 4 Profit before share of loss of joint venture, exceptional items and tax (1+2-3) 1,392.44 1,036.59 1,269.87 2,429.03 2,321.49 4,811.53 5 Share of loss of joint venture (net of tax) (2.63) (2.45) (0.43) (5.08) (3.00) (7.62) 6 Profit before exceptional items and tax (4+5) 1,389.81 1,034.14 1,269.44 2,423.95 2,318.49 4,803.91 7 Exceptional items Statutory impact of new Labour Codes on Gratuity & Leave encashment - - - - - (125.94) 8 Profit before tax (6+7) 1,389.81 1,034.14 1,269.44 2,423.95 2,318.49 4,677.97 9 Tax expense Current tax 429.51 290.80 360.99 720.31 619.76 1,316.15 Deferred tax (43.12) (8.80) (24.68) (51.92) (6.97) (75.30) 386.39 282.00 336.31 668.39 612.79 1,240.85 10 Profit for the period/ year (8-9) 1,003.42 752.14 933.13 1,755.56 1,705.70 3,437.12 11 Other comprehensive income ("OCI") A. Items that will not be reclassified subsequently to statement of profit or loss Remeasurement of defined benefit plans 9.36 (20.65) (2.18) (11.29) (2.18) 14.92 Income tax relating to remeasurement of defined benefit plans (2.37) 5.20 0.55 2.83 0.55 (3.75) B. Items that will be subsequently reclassified to statement of profit or loss Exchange differences on translating financial statements of foreign operations 48.74 (13.14) 6.88 35.60 13.55 225.57 Total other comprehensive income/ (loss) for the period/ year 55.73 (28.59) 5.25 27.14 11.92 236.74 12 Total comprehensive income for the period/ year (10+11) 1,059.15 723.55 938.38 1,782.70 1,717.62 3,673.86 13 Earnings per equity share (Face value of ₹ 10 per share fully paid) in ₹* Basic 5.80 4.36 5.42 10.16 9.91 19.95 Diluted 5.78 4.34 5.38 10.12 9.83 19.81 14 Paid up equity share capital - Face value of ₹ 10 per share 1,728.72 1,728.28 1,722.63 1,728.72 1,722.63 1,725.24 15 Other equity 15,005.42 (* Not annualised for the periods) for and on behalf of the Board of Directors of KFin Technologies Limited CIN: L72400MH2017PLC444072 Sreekanth Nadella Managing Director and Chief Executive Officer DIN: 08659728 Place: Mumbai Date: October 26, 2026 KFin Technologies Limited CIN: L72400MH2017PLC444072 Registered office address: 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai – 400070, Maharashtra Statement of unaudited consolidated financial results for the quarter and half-year ended September 30, 2026 Sl. No. Particulars Consolidated Quarter ended Half-year ended VENKATA SATYA NAGA SREEKANTH NADELLA Digitally signed by VENKATA SATYA NAGA SREEKANTH NADELLA Date: 2026.10.26 18:16:56 +05'30'
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Operating segments: (₹ in millions) For the year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment revenue Domestic mutual fund investor solutions 2,346.42 2,178.15 2,179.09 4,524.57 4,223.23 8,622.27 Issuer solutions 561.70 355.61 482.75 917.31 813.07 1,712.29 International and other investor solutions 1,109.84 1,031.60 430.50 2,141.44 796.62 2,680.37 Revenue from operations 4,017.96 3,565.36 3,092.34 7,583.32 5,832.92 13,014.93 2 Segment results Domestic mutual fund investor solutions 1,377.76 1,216.43 1,279.30 2,594.19 2,411.57 4,889.22 Issuer solutions 300.72 145.55 210.56 446.27 351.49 843.01 International and other investor solutions 48.54 31.92 100.91 80.46 153.70 256.01 Total 1,727.02 1,393.90 1,590.77 3,120.92 2,916.76 5,988.24 Unallocated (expenses)/ income (a) Unallocable expenses (403.41) (449.64) (418.18) (853.05) (784.53) (1,561.74) (b) Finance costs (15.84) (13.68) (10.88) (29.52) (21.79) (46.91) (c) Other income 82.04 103.56 107.73 185.60 208.05 424.32 Profit before exceptional item and tax 1,389.81 1,034.14 1,269.44 2,423.95 2,318.49 4,803.91 Exceptional item Statutory impact of new Labour Codes on Gratuity & Leave encashment - - - - - (125.94) Profit before tax 1,389.81 1,034.14 1,269.44 2,423.95 2,318.49 4,677.97 3 Tax expense 386.39 282.00 336.31 668.39 612.79 1,240.85 4 Profit for the period/ year 1,003.42 752.14 933.13 1,755.56 1,705.70 3,437.12 5 Segment assets Domestic mutual fund investor solutions 8,108.39 7,875.40 7,711.44 8,108.39 7,711.44 7,767.70 Issuer solutions 1,103.91 1,004.75 1,099.78 1,103.91 1,099.78 1,058.32 International and other investor solutions 13,460.59 13,070.68 2,077.68 13,460.59 2,077.68 13,751.27 Total 22,672.89 21,950.83 10,888.90 22,672.89 10,888.90 22,577.29 Unallocated 5,753.30 7,343.03 7,672.42 5,753.30 7,672.42 5,159.58 Total 28,426.19 29,293.86 18,561.32 28,426.19 18,561.32 27,736.87 6 Segment liabilities Domestic mutual fund investor solutions 713.41 662.64 530.23 713.41 530.23 525.62 Issuer solutions 128.65 137.99 122.02 128.65 122.02 92.55 International and other investor solutions 7,916.05 7,406.65 176.09 7,916.05 176.09 7,359.48 Total 8,758.11 8,207.28 828.34 8,758.11 828.34 7,977.66 Unallocated 3,425.47 3,497.06 3,101.84 3,425.47 3,101.84 3,028.55 Total 12,183.58 11,704.34 3,930.18 12,183.58 3,930.18 11,006.21 for and on behalf of the Board of Directors of KFin Technologies Limited CIN: L72400MH2017PLC444072 Sreekanth Nadella Managing Director and Chief Executive Officer DIN: 08659728 Place: Mumbai Date: October 26, 2026 (a) The Group is engaged in following operating segments: Domestic mutual fund investor solutions, Issuer solutions and International and other in vestor solutions. Based on the "Management approach" as defined in Ind AS 108 - 'Operating Segments', the Chief Operating Decision Maker ('CODM') evaluates the Group's performance and allocates resources based on an analysis of various pe rformance indicators by business segments. The accounting principles used in the preparation of the financial results are consistently applied to record revenue and expenditure in individual segments. (b) Segment result represents the profit before interest and tax earned by each segment without allocation of central administrative costs and other income. (c) As allowed under Ind AS 108 - “Operating Segments”, the segment information disclosed above is based on the consolidated financial results. Sl. No. Particulars Consolidated Quarter ended Half- year ended VENKATA SATYA NAGA SREEKANTH NADELLA Digitally signed by VENKATA SATYA NAGA SREEKANTH NADELLA Date: 2026.10.26 18:17:27 +05'30'
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KFin Technologies Limited Notes: 1. The above consolidated financial results of KFin Technologies Limited ("the Parent Company"/ "the Company"), its subsidiaries and its employee welfare trust (the Company, its subsidiaries and its employee welfare trust together referred to as "the Group") and its joint venture have been prepared in accorda nce with and comply in all material aspects with the Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 ("the Act") read wit h relevant rules issued there under and in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requ irements) Regulations, 2015 (‘Listing Regulations’), as amended. 2. The above consolidated financial results hav e been reviewed and recommended by the Audit Committee at its meeting held on October 26, 2 026. The Board of Directors at its meeting held on October 26, 2026 have approved the above results and taken them on record. The statutory auditors have expressed an unm odified review conclusion on these results. 3. Karvy Computershare Privat e Limited (KCPL), which got amalgamated into the Parent Com pany with effect from Nove mber 17, 2018, was t he Registrar and Transfer Agent (RTA) of a past Client (“the Client” ) until April 05, 2021. The C lient had a demat account (“Escrow A ccount”) with one of the Depository Participants (“DP”) for depositing its shares in escrow for the purposes of its initial public offering. The Parent Company identified in the financi al year 2020-21 that 794,489 shares were transferred by the DP (500,000 shares in 2011 (which translated into 1,000,000 shares pursuant to a bonus issue undertaken by the Client in 2017) and 294,489 shares in 20 20) from the Escrow Account to the DP’s own demat account an d to a third party’s demat acc ount through an off-market transaction without any authorisation from the Client and without knowledge of the Parent Company. The Board of Directors of the Parent Company after considering legal advice purchased 1,294,489 shares and transferred these shares to the Escrow Account of the Client on a ‘good faith and no fault’ bas is, after reducing the amount payable upon redem ption, in future, of the Redeemable Pre ference Shares issu ed in October 2021, by ₹. 300.00 million . The dividend received on such shares by the Parent Company in the financial year 2021-22 of ₹. 4.08 million was also transferred back to the Client. Intimation letters were sent to the Client and SEBI on November 15, 2021 informing them of transfer of shares to the Client’s Escrow Account and refund of dividend to the Client. Further, the Board of Directors of the Parent Company after considering legal advice, approved payment (based on an estimatio n of potential losses that may be suffered by the Client) by the Parent Company to the Client, for the purpose of settlement of any potential claims by the Cli ent (including dividends on such shares for earlier periods). The Parent Company will initiate proceedings against the concerned parties, including ce rtain minority shareholders, for recovery of the amount paid and payable by the Parent Company to the Client in connection with this matter upon completion of final se ttlement with the Client. Considering the assessment of recoverability, the Parent Company has made a provision of ₹ 93.02 million as at September 30, 2026. Pending the final settlement of terms to be agreed with the Client, the Management has measured the provision at its best estimate. 4. During the half year ended September 30, 2026, 348,025 equity shares were allotted by the Parent Company pursuant to exercise of employee stock options.
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KFin Technologies Limited Notes (continued): 5. The statement of unaudited consolidated financial results include the results of the following: i) Parent: a) KFin Technologies Limited ii) Subsidiaries (including step-down subsidiaries): a) KFin Technologies (Bahrain) W.L.L. b) KFin Technologies (Malaysia) SDN. BHD. c) KFin Services Private Limited d) Hexagram Fintech Private Limited e) Hexagram Fintech SDN. BHD. f) KFin Global Technologies (IFSC) Limited g) WebileApps (India) Private Limited h) WebileApps Technology Services Private Limited i) KFin Technologies (Thailand) Limited j) KFin Technologies (Singapore) Pte. Ltd. (w.e.f. June 19, 2025) k) Ascent Fund Services (Singapore) Pte. Ltd. (w.e.f. October 13, 2025) l) Ascent Corporate Solutions Pte. Ltd. (w.e.f. October 13, 2025) m) Ascent Global Fintech Solutions Pte. Ltd. (w.e.f. October 13, 2025) n) Ascent GlobalOP Sdn. Bhd. (w.e.f. October 13, 2025) o) Ascent Fund Services (Hong Kong) Limited (w.e.f. October 13, 2025) p) Ascent Fund Services (Shanghai) Co. Ltd. (w.e.f. October 13, 2025) q) Ascent Fund Services (Japan) Ltd. (w.e.f. October 13, 2025) r) Ascent Fund Services (Australia) Pty. Ltd. (w.e.f. October 13, 2025) s) Ascent Corporate Solutions (Hong Kong) Limited (w.e.f. October 13, 2025) t) Ascent Fund Services (India) Private Limited (w.e.f. October 13, 2025) u) AscentFS (Mauritius) Ltd. (w.e.f. October 13, 2025) v) AscentFS Management (Mauritius) Ltd. (w.e.f. October 13, 2025) w) Ascent Fund Services Ltd. (w.e.f. October 13, 2025) x) Ascent FS (India) LLP (w.e.f. October 13, 2025) y) Ascent Fund Services (USA) LLC (w.e.f. October 13, 2025) z) Ascent Fund Services (UK) Limited (w.e.f. October 13, 2025) aa) Ascent Management Consulting (w.e.f. October 13, 2025) ab) Ascent Fund Services (DIFC) Limited (w.e.f. October 13, 2025) ac) Ascent Fund services L.L.C (w.e.f May 06, 2026) ad) Ascent Corporate Services Cayman Limited (w.e.f September 30, 2026) iii) Joint venture: a) MFC Technologies Private Limited iv) Controlled trust: a) KFin Employees Welfare Trust 6. The Parent Company's Board of Directors, at its meeting held on April 29, 2026, recommended a final dividend of ₹ 12.00 per equity share of face value ₹ 10 each for FY 2025-26. The final dividend has been approved by the Parent Company's shareholders at its Annual General Meeting held on July 22, 2026. 7. These consolidated financial results along with the review report of the statutory auditors of the Parent Company are being filed with the National Stock Exchange of India Limited (NSE) and BSE Limited and are also available on the Parent Company's website for and on behalf of the Board of Directors of KFin Technologies Limited CIN: L72400MH2017PLC444072 Sreekanth Nadella Managing Director and Chief Executive Officer DIN: 08659728 Place: Mumbai Date: October 26, 2026 VENKATA SATYA NAGA SREEKANTH NADELLA Digitally signed by VENKATA SATYA NAGA SREEKANTH NADELLA Date: 2026.10.26 18:19:28 +05'30'
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As at 30 September 2026 As at 31 March 2026 As at 30 September 2026 As at 31 March 2026 (Unaudited) (Audited) (Unaudited) (Audited) I. ASSETS (1) Non-current assets Property, plant and equipment 857.50 778.91 904.91 826.82 Capital work-in-progress 9.28 45.30 9.28 45.30 Right-of-use assets 545.45 374.86 694.88 504.30 Goodwill 5,162.56 5,162.56 13,362.23 13,272.37 Other intangible assets 1,029.31 1,167.13 2,883.33 3,131.36 Intangible assets under development 697.55 495.15 984.00 609.26 Investments accounted for using the equity method - - 26.79 6.87 Financial assets (i) Investments 4,463.25 4,156.55 10.00 - (ii) Other financial assets 192.26 170.37 205.51 194.60 Deferred tax assets (net) - - 44.28 40.09 Non-current tax assets (net) 7.37 63.57 23.66 69.59 Other non-current assets 73.54 39.83 73.54 39.83 Total non-current assets 13,038.07 12,454.23 19,222.41 18,740.39 (2) Current assets Financial assets (i) Investments 1,887.94 2,361.88 1,990.89 2,386.56 (ii) Trade receivables 2,102.76 2,080.75 2,846.58 2,694.00 (iii) Cash and cash equivalents 167.15 227.34 618.37 673.54 (iv) Bank balances other than cash and cash equivalents above 2,148.94 1,363.20 2,197.03 1,449.10 (v) Other financial assets 1,034.53 1,400.45 1,137.94 1,438.78 Other current assets 312.69 198.80 351.29 292.82 Non-current assets held for sale 61.68 61.68 61.68 61.68 Total current assets 7,715.69 7,694.10 9,203.78 8,996.48 TOTAL ASSETS 20,753.76 20,148.33 28,426.19 27,736.87 II. EQUITY AND LIABILITIES (1) Equity Equity share capital 1,728.72 1,725.24 1,728.72 1,725.24 Other equity 14,686.34 14,730.25 14,513.89 15,005.42 Total equity 16,415.06 16,455.49 16,242.61 16,730.66 (2) Non-current liabilities Financial liabilities (i) Lease liabilities 447.94 291.66 536.37 364.52 (ii) Other financial liabilities - - 6,762.81 6,306.58 Other non-current liabilities 6.81 - 6.81 - Provisions 109.70 101.87 155.68 143.14 Deferred tax liabilities (net) 1,196.67 1,233.11 1,421.93 1,469.28 1,761.12 1,626.64 8,883.60 8,283.52 (3) Current liabilities Financial liabilities (i) Lease liabilities 148.96 132.06 215.96 189.91 (ii) Trade payables - Total outstanding dues of micro enterprises and small enterprises - 1.26 0.20 1.83 - Total outstanding dues of creditors other than micro enterprises and small enterprises 812.90 674.42 946.78 774.79 (iii) Other financial liabilities 631.89 554.98 900.18 811.77 Other current liabilities 307.16 250.48 455.12 401.76 Provisions 75.00 43.36 123.53 87.08 Current tax liabilities (net) 601.67 409.64 658.21 455.55 Total current liabilities 2,577.58 2,066.20 3,299.98 2,722.69 Total Liabilities 4,338.70 3,692.84 12,183.58 11,006.21 TOTAL EQUITY AND LIABILITIES 20,753.76 20,148.33 28,426.19 27,736.87 for and on behalf of the Board of Directors of KFin Technologies Limited CIN: L72400MH2017PLC444072 Sreekanth Nadella Managing Director and Chief Executive Officer DIN: 08659728 Place: Mumbai Date: October 26, 2026 KFin Technologies Limited CIN: L72400MH2017PLC444072 Registered office address: 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai – 400070, Maharashtra Statement of unaudited standalone and consolidated balance sheet (₹. in millions) Particulars Standalone Consolidated VENKATA SATYA NAGA SREEKANTH NADELLA Digitally signed by VENKATA SATYA NAGA SREEKANTH NADELLA Date: 2026.10.26 18:19:54 +05'30'
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For the half-year ended 30 September 2026 For the half-year ended 30 September 2025 For the half-year ended 30 September 2026 For the half-year ended 30 September 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) A. Cash flows from operating activities Profit before tax 2,495.35 2,259.43 2,423.95 2,318.49 Adjustments for: Depreciation, impairment and amortisation expense 359.70 323.03 557.14 360.44 Profit on sale of intangible assets under development - (2.36) - - Loss on sale of property, plant and equipment, net 3.29 0.01 3.29 0.06 Interest income (90.85) (41.80) (96.55) (44.63) Dividend income from mutual funds measured at Fair value through profit or loss - - - (6.79) Fair value gain on investments in mutual funds measured at Fair value through profit or loss, net (78.60) (149.54) (82.57) (150.55) Interest income from unwinding of discount on deposits (2.58) (2.10) (2.70) (2.16) Liabilities no longer required written back - - (0.05) - Income on derecognition of right-of-use assets and lease liabilities (0.33) (0.11) (0.33) (0.11) Foreign exchange (gain)/ loss, net - (1.05) 7.90 (0.86) Finance costs 25.02 20.87 29.52 21.79 Charge towards credit loss allowance on trade receivables and other financial assets, net 58.25 25.57 73.00 29.04 Credit impaired receivables written-off 14.16 0.33 14.16 0.33 Advances/ deposits written-off - 0.03 - 0.03 Share of loss of joint venture, net of tax - - 5.08 3.00 Share based payment expenses 59.95 42.06 65.73 49.99 Operating profit before working capital changes 2,843.36 2,474.37 2,997.57 2,578.07 Working capital adjustments: Increase in trade receivables (94.42) (410.62) (247.59) (448.50) Increase in other current financial assets (187.54) (135.48) (208.18) (118.82) Decrease in other non-current financial assets 2.29 4.71 5.03 8.71 Increase in other assets (106.74) (67.88) (51.32) (70.41) Increase in other non current liabilities 6.81 - 6.81 - Increase in trade payables 137.22 114.64 170.41 112.08 Increase in other current financial liabilities 9.53 16.26 37.15 30.35 Increase in other non current financial liabilities - - 1.31 - Increase in other current liabilities 56.68 59.09 53.36 57.20 Increase in provisions 28.43 50.32 37.70 57.59 Cash generated from operations 2,695.62 2,105.41 2,802.25 2,206.27 Income taxes paid, net of refund received (425.32) (376.32) (468.51) (398.14) Net cash generated from operating activities (A) 2,270.30 1,729.09 2,333.74 1,808.13 B. Cash flow from investing activities Purchase of property, plant and equipment (including movement in capital work-in- progress, capital advances and capital creditors) (146.27) (191.45) (171.92) (222.39) Proceeds from sale of property, plant and equipment 1.97 0.05 2.03 0.07 Purchase of intangible assets (including intangible assets under development) (221.72) (134.15) (419.14) (212.44) Investment in subsidiaries (271.70) (20.00) - - Investment in joint venture (25.00) (3.75) (25.00) (3.75) Investments in equity shares of other companies (10.00) - (10.00) - Fixed deposits redeemed with banks 809.56 195.81 879.39 195.81 Fixed deposits placed with banks (994.74) (466.47) (1,064.85) (493.20) Investment in mutual funds (3,130.00) (1,890.00) (3,379.70) (1,890.00) Redemption of mutual funds 3,682.54 1,963.19 3,857.94 2,000.42 Interest income received 27.35 26.90 29.23 29.73 Dividend income received from mutual funds - - - 6.79 Net cash used in investing activities (B) (278.01) (519.87) (302.02) (588.96) C. Cash flows from financing activities Payment of dividend (2,073.53) (1,291.67) (2,073.53) (1,291.67) Payment of principal portion on lease liabilities (71.42) (54.94) (102.37) (69.32) Interest on lease liabilities (22.09) (17.94) (26.59) (18.85) Proceeds from exercise of employee stock options 114.56 71.00 114.56 71.00 Net cash used in financing activities (C) (2,052.48) (1,293.55) (2,087.93) (1,308.84) D. Net increase/ (decrease) in cash and cash equivalents (A+B+C) (60.19) (84.33) (56.21) (89.67) Cash and cash equivalents at the beginning of the period 227.34 155.99 673.54 309.76 Effects of movements in exchange rates on cash and cash equivalents - - 1.04 13.55 Cash and cash equivalents at the end of the period 167.15 71.66 618.37 233.64 E. Components of Cash and Cash equivalents Cash on hand - - 0.13 0.06 Balance with banks: (i) in current accounts 167.15 71.66 483.82 136.78 (ii) in deposits - - 134.42 96.80 167.15 71.66 618.37 233.64 for and on behalf of the Board of Directors of KFin Technologies Limited CIN: L72400MH2017PLC444072 Sreekanth Nadella Managing Director and Chief Executive Officer DIN: 08659728 Place: Mumbai Date: October 26, 2026 Particulars Standalone Consolidated KFin Technologies Limited CIN: L72400MH2017PLC444072 Registered office address: 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai – 400070, Maharashtra Statement of unaudited standalone and consolidated statement of cash flows (₹. in millions) VENKATA SATYA NAGA SREEKANTH NADELLA Digitally signed by VENKATA SATYA NAGA SREEKANTH NADELLA Date: 2026.10.26 18:20:28 +05'30'
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B S R and Co Chartered Accountants Salarpuria Knowledge City, Orwell B Wing, 6th Floor, Unit-3, Sy No. 83/1 Plot No. 02, Raidurg Hyderabad – 500 081, India Telephone + 91 407 182 2000 Fax + 91 407 182 2399 Principal Office: 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 2 Limited Review Report on unaudited standalone financial results of KFin Technologies Limited for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of KFin Technologies Limited 1. We have reviewed the accompanying Statement of unaudited standalone financial results of KFin Technologies Limited (hereinafter referred to as “the Company”) for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 (“the Statement”). 2. This Statement, which is the responsibility of the Company’s management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We draw attention to Note 3 of the Statement. The pre-amalgamated Company acted as the Registrar and Transfer Agent (“RTA”) of a former client (“the Client”) until 5 April 2021. The Client had a demat account with one of the Depository Participants (“DP”) for depositing its shares in escrow for the purposes of its initial public offering (“IPO”). The Company subsequently identified that 1,294,489 shares were transferred by the DP, in the years 2011 and 2020, from the said escrow account of the Client to the DP’s own demat account and to a third party’s demat account through an off-market transaction, without authorisation from the Client. Based on legal advice and in good faith, the Board of Directors of the Company approved the transfer of 1,294,489 shares back to the Client’s escrow account, without admission of fault. In accordance with the indemnity clause contained in the related share subscription agreement dated 28 May 2021, these amounts were recovered from such parties. Further, the dividend of INR 4.08 million received on these shares during the financial year 2021–22 was also transferred to the Client. As at 30 September 2026, the Company has recognised a provision of INR 93.02 million in the statement of unaudited standalone financial results towards potential claims by the Client, including claims relating to dividends on such shares for earlier periods. Pending final settlement of the terms
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BSRa n dC o Limited Review Report (Continued) KFin Technologies Limited Page 2 of 2 with the Client, the provision has been measured at management’s best estimate. Upon conclusion of the settlement, the Company intends to initiate proceedings against the concerned parties, including certain minority shareholders, to recover amounts paid or payable in connection with this matter. Our conclusion is not modified in respect of this matter. For B S R and Co Chartered Accountants Firm’s Registration No.:128510W Amit Kumar Bajaj Partner Hyderabad Membership No.: 218685 26 October 2026 UDIN:26218685UNCDCT2334 AMIT KUMAR BAJAJ Digitally signed by AMIT KUMAR BAJAJ Date: 2026.10.26 19:21:49 +05'30'
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(₹ in millions) For the year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Income 1 Revenue from operations 3,285.75 2,868.38 2,972.59 6,154.13 5,617.09 11,588.10 2 Other income 77.13 96.99 102.78 174.12 199.72 394.43 Total income 3,362.88 2,965.37 3,075.37 6,328.25 5,816.81 11,982.53 3 Expenses Employee benefits expense 1,019.22 1,033.76 993.73 2,052.98 1,963.27 3,928.54 Finance costs 13.42 11.60 10.33 25.02 20.87 41.00 Depreciation, impairment and amortisation expense 183.95 175.75 164.72 359.70 323.03 670.39 Other expenses 715.13 680.07 674.33 1,395.20 1,250.21 2,584.15 Total expenses 1,931.72 1,901.18 1,843.11 3,832.90 3,557.38 7,224.08 4 Profit before exceptional items and tax (1+2-3) 1,431.16 1,064.19 1,232.26 2,495.35 2,259.43 4,758.45 5 Exceptional items Statutory impact of new Labour Codes on Gratuity & Leave encashment - - - - - (116.34) 6 Profit before tax (4+5) 1,431.16 1,064.19 1,232.26 2,495.35 2,259.43 4,642.11 7 Tax expense Current tax 405.47 268.09 341.33 673.56 588.25 1,224.14 Deferred tax (32.44) (1.23) (19.90) (33.67) (0.62) (44.47) 373.03 266.86 321.43 639.89 587.63 1,179.67 8 Profit for the period/ year (6-7) 1,058.13 797.33 910.83 1,855.46 1,671.80 3,462.44 9 Other comprehensive income ("OCI") A. Items that will not be reclassified subsequently to statement of profit or loss Remeasurement of defined benefit plans 9.61 (20.65) (2.18) (11.04) (2.18) 11.87 Income tax relating to remeasurement of defined benefit plans (2.42) 5.20 0.55 2.78 0.55 (2.99) Total other comprehensive income/ (loss) for the period/ year 7.19 (15.45) (1.63) (8.26) (1.63) 8.88 10 Total comprehensive income for the period/ year (8+9) 1,065.32 781.88 909.20 1,847.20 1,670.17 3,471.32 11 Earnings per equity share (Face value of ₹ 10 per share fully paid) in ₹* Basic 6.12 4.62 5.29 10.74 9.71 20.10 Diluted 6.09 4.60 5.25 10.70 9.64 19.95 12 Paid up equity share capital - Face value of ₹ 10 per share 1,728.72 1,728.28 1,722.63 1,728.72 1,722.63 1,725.24 13 Other equity 14,730.25 (* Not annualised for the periods) for and on behalf of the Board of Directors of KFin Technologies Limited CIN: L72400MH2017PLC444072 Sreekanth Nadella Managing Director and Chief Executive Officer DIN: 08659728 Place: Mumbai Date: October 26, 2026 KFin Technologies Limited CIN: L72400MH2017PLC444072 Registered office address: 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai – 400070, Maharashtra Statement of unaudited standalone financial results for the quarter and half-year ended September 30, 2026 Sl. No. Particulars Standalone Quarter ended Half-year ended VENKATA SATYA NAGA SREEKANTH NADELLA Digitally signed by VENKATA SATYA NAGA SREEKANTH NADELLA Date: 2026.10.26 18:20:47 +05'30'
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KFin Technologies Limited Notes: 1. The above standalone financial results of KFin Technologies Limited ("the Company") have been prepared in accordance with and comply in all mater ial aspects with the Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2 013 ("the Act") read with relevant rules issued there under and in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), as amended. 2. The above standalone financial results have been reviewed and recommended by the Audit Committee at its meeting held on October 26, 2026. The Board o f Directors at its meeting held on October 26, 2026 have approved the above results and taken them on record. The statutory auditors have expressed an unmodified re view conclusion on these results. 3. Karvy Computershare Private Limited (KCPL), which got amalgamated into the Company with effect from November 17, 2018, was the Registrar and Transfer Agent (RTA) of a past Client (“the Client”) until A pril 5, 2021. The Client had a demat account (“Escrow Ac count”) with one of the Depository Participants (“D P”) for depositing its shares in escrow for the purposes of its initial public offering. The Company identified in th e financial year 2020-21 that 794,489 sha res were transferred by the DP (500,000 shares in 2011 (which translated into 1,000,000 shares pursuant to a bonus issue undertaken by the Client in 2017) and 294,489 shares in 2020) from the Escrow Account to the DP’s own demat account and to a third party’s demat account through an off-market transaction without any authorisation from the Client and without knowledge of the Company. The Board of Directors of the Company after considering legal advice purchased 1,294,489 shares and transferred th ese shares to the Escrow Account of the Client on a ‘good faith and no fault’ basis, after reducing the amount payable upon redemption, in future, of the Redeemable Pr eference Shares issued in October 2021, by ₹. 300.00 million. The dividend received on such shares by the Company in the financial year 2021-22 of ₹. 4.08 million was also transferred back to the Client. Intimation letters were sent to the Client and SEBI on November 15, 2021 informing them of transfer of shares to the Client’s Escrow Account and refund of dividend to the Client. Further, the Board of Directors of the Company after considering legal advice, approved payment (based on an estimation of potential loss es that may be suffered by the Client) by the Company to the Client, for the purpose of settlement of any potential claims by the Client (including dividends on such sh ares for earlier periods). The Company will initiate proceedings against the concerned parties, including certain minority shareholders, for recovery of the amoun t paid and payable by the Company to the Client in connection with this matter upon completion of final settlement with the Client. Considering the assessment of recoverab ility, the Company has made a provision of ₹ 93.02 million as at September 30, 2026. Pending the final settlement of terms to be agreed with the Clien t, the Management has measured the provision at its best estimate. 4. During the half year ended September 30, 2026, 348,025 equity shares were allotted by the Company pursuant to exercise of employee stock options. 5. The Company's Board of Directors, at its meetin g held on April 29, 2026, reco mmended a final dividend of ₹ 12.00 per equity share of face value ₹ 10 each for FY 2025-26. The final dividend has been approved by the Company's shareholders at its Annual General Meeting held on July 22, 2026. 6. The Company's Board of Directors, at its meeting held on September 01, 2026, has inter-alia approved the Composite Scheme of Amalgamation of WebileApps (India) Private Limited and Hexagram Fintech Private Limited, wholly-owned subsidiaries of the Company and WebileApps Technology Services Privat e Limited, step down subsidiary of the Company, with and into KFin Technologies Limited, which is subject to necessary statutory and regulatory approvals, as may be a pplicable, including sanction by the Hon’ble National Company Law Tribunal under Sections 230 and 232 of the Companies Act, 2013. On October 15, 2026, the Company has filed necessary applications in respect of the aforementioned Composite Scheme with the Hon’ble National Compan yL a w Tribunal (Mumbai branch). 7. These standalone financial results along with the review report of the statutory auditors of the Company are being filed with the National Stock Exc hange of India Limited (NSE) and BSE Limited and are also available on the Company's website. for and on behalf of the Board of Directors of KFin Technologies Limited CIN: L72400MH2017PLC444072 Sreekanth Nadella Managing Director and Chief Executive Officer DIN: 08659728 Place: Mumbai Date: October 26, 2026 VENKATA SATYA NAGA SREEKANTH NADELLA Digitally signed by VENKATA SATYA NAGA SREEKANTH NADELLA Date: 2026.10.26 18:21:09 +05'30'