Financial Highlights – KFin Technologies Limited. (NSE: KFIN) Q3FY26

• Net Profit up 2% YoY to ₹91.99 crore, despite ₹8.56 crore one-time exceptional cost.
• Revenue jumped 28% YoY to ₹370.87 crore, supported by strong core business momentum.
• EBITDA rose 16% YoY to ₹151.62 crore, reflecting steady operational growth.
• EBITDA margin moderated to 40.9% from 45% due to Ascent Fund Services consolidation.
• Issuer Solutions posted healthy growth, aided by higher annuity income and corporate actions.
• Domestic MF RTA yield dipped 2.6% QoQ amid AUM shift toward ETFs and passive funds.

KFin Technologies Limited. (NSE: KFIN)

KFin Technologies Limited traded at ₹1,030.90 on 19 February 2026, declining 0.81% during the session, while maintaining a relatively stable broader price structure. The company continues to benefit from its diversified presence across registrar and transfer agency services, mutual fund servicing, and international issuer solutions. Growth in AUM-linked revenues and expanding domestic and overseas mandates remain key positives. On the other hand, earnings remain sensitive to capital market activity, market volatility, and competitive intensity in the RTA segment. Trading volumes stayed firm, reflecting active market participation, while overall performance is likely to remain aligned with trends in equity flows and transaction activity.

Q3 FY26 Results: KFin Tech Q3: Revenue Up 28%, Margins Under Pressure — Recovery Ahead?

KFin Technologies Limited reported Q3FY26 revenue of ₹3.7 billion, marking a strong ~28% YoY and ~20% QoQ growth, supported by steady traction across core segments. However, the reported EBITDA margin of 40.9% moderated due to the consolidation of Ascent Fund Services, which currently operates at low single-digit margins. In the Domestic MF RTA segment, a ~2% shift in AUM mix toward ETFs and passive products led to a 2.6% QoQ dip in revenue yield. The Issuer Solutions business remained strong, supported by annuity income and increased corporate activity. Management expects margin expansion over time.

Technical View: KFin Technologies: Consolidation Near 50-Day SMA — Breakout or Further Range Ahead?

From a technical perspective, KFin Technologies is currently trading at ₹1,030.90, marginally below its 50-day SMA of ₹1,041.37, indicating a cautious near-term structure. The price action reflects a phase of consolidation after a prolonged decline from higher levels. The 14-day RSI stands at 52.32, suggesting balanced momentum without overstretched conditions. Immediate support is positioned around ₹950.00, followed by a stronger base near ₹870.00. On the upside, resistance is seen at ₹1,150.00, while a sustained move above ₹1,310.00 would be required to improve the broader technical setup.

Bottom Line: KFIN Down 37% — Is a Turnaround Brewing?

KFin Technologies’ Q3FY26 performance reflects resilient revenue growth despite margin moderation from the Ascent integration. While near-term profitability remains influenced by yield shifts and cost absorption, improving scale and operating leverage could support stability if capital market activity sustains.