Kfin Technologies Ltd.Q2 EBITDA margin 40%, PAT ₹100 Cr, Jio IPO win

KFin Technologies' Q2 FY27 call, held on 27 October 2026, reported an EBITDA margin of 40% including Ascent (45.8% excluding it), up from 34% in Q1, and profit after tax of ₹100 crore.

The CFO said revenue rose about 13% on the quarter against a 3% rise in expenses, while H1 PAT growth was about 3%. Mutual fund AUM of clients grew 15% against 13% for the industry, overall market share passed 33% and six of the ten fastest-growing fund houses are clients. Issuer solutions was chosen for the Jio Platforms IPO and is guided to about 20% growth. Ascent is growing over 30% with an EBITDA margin near 8%, up from minus 12% a year ago.

The international pipeline is $47 million, from $20 million a year earlier. Management kept its guidance of 18% to 20% revenue growth, 40% to 45% EBITDA margin and 25% to 30% PAT margin, said it will not change estimates unless the market downturn persists, and noted a higher tax rate, rising cloud costs and a new Hyderabad office costing about ₹7 crore this year.