• Financial growth guidance: KFin Technologies projects around 24% top-line growth visibility for the upcoming year, alongside an estimated 16% EBITDA growth and 10% to 11% PAT growth.
• EBITDA margin outlook: Following a drop to 40.7% due to the Ascent consolidation and mark-to-market market effects, management expects EBITDA margins to sustainably return to the 43% to 45% range within 12 months.
• Revenue and yield trends: Domestic mutual funds make up 58% of the total book, while combined domestic and international fund exposure stands at 70% to 72%. Blended yields are anticipated to see an annual correction of 1% to 1.5% owing to pricing dynamics and a higher mix of passive assets like metal ETFs.
• Operational and segment growth: Overall AUM grew 21% driven almost entirely by net inflows, with four new domestic AMC mandates added and global fund managers scaling to over 1,000 through Ascent. Additionally, issuer solutions grew 11%, alternative investment funds grew 25%, and the NPS segment outpaced industry growth threefold.