Kfin Technologies

Kfin Technologies reported a strong Q3 FY26 with revenue including Ascent at ₹323 croreCurrent reported value: ₹323 crore. No comparable prior figure is available in the source record., up 27.9% YoYCurrent 27.9% vs previous available quarter 10.3%., driven by the successful integration of Ascent and robust organic growth. EBITDA margins came in at 40.9%Current reported value: 40.9%. No comparable prior figure is available in the source record., within the guided 40-45% range, despite a 300bps dip due to integration costs. The domestic mutual fund revenue mix declined to 60% as international investor solutions grew to 16.7%Current 16.7%. Reported change: +12.7pp YoY., reflecting successful diversification. Management highlighted a 60% win rate in new MF mandates, market share gains to 32.7%Current 32.7%. Reported change: +2.7pp vs 2020. in AAUM, and issuer solutions crossing 10,000Current 10,000. Reported change: +123 vs previous quarter. corporates. Guidance for FY26 remains 15-20% revenue growth and 40-45% EBITDA margins. Key risk: continued shift to passive ETFs could pressure yields further.