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Informist, Thursday, Jul. 23, 2026

By Vidhi Thacker

MUMBAI – Registrar and transfer agent Kfin Technologies Ltd. is expected to report a decline in its June quarter net profit due to higher operating costs and lower investor participation on account of increased volatility in the markets. The company is expected to report robust revenue growth due to a sustained increase in its assets under management from systematic investment plans and continued growth in its international business, according to brokerages tracking the company.

Kfin is likely to report a net profit of around INR 755 million for the June quarter, down almost 1% on year and down 15% on quarter, according to the average of estimates from six brokerages. The highest estimate for net profit is INR 810 million from Anand Rathi Share and Stock Brokers Ltd. and the lowest is INR 704 million from Motilal Oswal Financial Services Ltd.

The company's net sales are expected at INR 3.56 billion for the June quarter, up around 34% on year and over 25% sequentially, according to the estimates. The highest estimate for the company's net sales is INR 3.65 billion from Kotak Securities Ltd. and the lowest is INR 3.51 billion from Motilal Oswal.

Kfin Tech's mutual fund business is likely to report a 3% growth sequentially, supported by steady growth of assets under management and sustained systemic investment plan inflows, Emkay Global Financial Services Ltd. said. In the March quarter, Kfin's systemic investment plan net inflows had grown 16.5% on year to INR 1.32 trillion. The systematic investment plan net monthly inflows for the industry reached an all-time high of INR 317.81 billion in June, according to Association of Mutual Funds in India data.

The company's revenue from its other business is expected to show strong growth sequentially, led by international and alternative investment fund businesses because of the consolidation of Ascent Fund Services which was acquired in April 2025. Singapore-based Ascent Fund Services has $24 billion assets under management.

Kfin's earnings before interest, tax, depreciation, and amortisation for the June quarter are expected to be INR 900 million according to Motilal Oswal whereas Emkay Global expects it to be INR 1.187 billion. Kfin Tech's EBITDA margin is expected to decline sequentially, reflecting strong revenue growth and increased operating costs, Motilal Oswal said. The consolidation of Ascent Fund Services will weigh on the margins which are expected to be around 34% to 35%, Nuvama Wealth Management Ltd. said. Investors will watch the performance of Ascent Fund Services, international business growth, and any potential acquisition by Kfin Tech.

Kfin Technologies is one of India's largest registrar and transfer agents and integrated solutions and services provider for investor and issuer services. Its primary clients are asset managers, corporate issuers, and financial intermediaries.

Kfin Technologies will announce its June quarter earnings on Friday. Thursday, shares of Kfin Technologies closed at INR 868.25 on the National Stock Exchange, down 1.4%. The stock is down 3% since the company reported its March quarter earnings.

Of the six brokerage reports on the company available with Informist, five have a "buy" recommendation and one has a "hold" recommendation on the stock. The average target price of the "buy" recommendations is INR 1,218, which is 40% higher than the closing price Thursday.

Following are the Apr-Jun earnings estimates for Kfin Technologies from six brokerage firms in a descending order by estimate of net profit, in INR million:

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IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Pankaj Aher

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