KFin Technologies Limited has received an Environmental, Social, and Governance (ESG) rating of 66 from NSE Sustainability Ratings and Analytics Limited for the financial year 2024-25. The rating places the company in the "Aspiring" category, reflecting its commitment to sustainable business practices across multiple dimensions.

ESG Rating Overview

The comprehensive ESG assessment was conducted voluntarily by NSE Ratings based on the company's public disclosure on ESG parameters at the standalone level and other information available in the public domain. The rating follows SEBI's Master Circular for ESG Rating Providers dated July 11, 2025, which mandates ESG ratings on a scale of 0-100, where 100 represents the maximum score.

Pillar-wise Performance Analysis

The company's ESG performance demonstrates balanced progress across all three key pillars:

Environmental Performance

The Environmental score of 61 is driven by the company's year-on-year improvements in several critical areas:

• Reductions in direct and indirect emissions
• Decreased water usage and energy intensity
• Lower waste generation
• Robust waste recycling and recovery practices

Social Initiatives

The Social score of 64 reflects the company's focus on employee welfare and workplace diversity:

• Balanced gender diversity across the organization
• Comprehensive health insurance coverage for permanent employees
• Decline in employee and worker grievances

Governance Framework

The highest score of 70 in Governance demonstrates strong corporate governance practices:

• Well-structured board composition meeting regulatory requirements
• Committee structures with strong independent director representation
• Sound governance practices reinforcing organizational integrity

Regulatory Compliance and Timeline

The ESG rating disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The rating process timeline shows NSE Ratings shared the ESG Report on February 20, 2026, allowing the company until February 24, 2026, to provide comments. KFin Technologies confirmed no comments were required on February 23, 2026.

This ESG rating assignment represents KFin Technologies' ongoing commitment to sustainable business practices and transparent reporting across environmental, social, and governance dimensions.

KFin Technologies Limited delivered a strong financial performance in Q3 FY26, demonstrating successful execution of its diversification strategy and international expansion through the Ascent acquisition. The company's results reflect both organic growth momentum and the strategic benefits of geographic and business line diversification.

Financial Performance Highlights

The company reported robust revenue growth across multiple metrics during the quarter ended December 31, 2025. Including the Ascent acquisition, revenue from operations reached INR 413 crores, marking a substantial 27.9% year-on-year increase and 19.9% sequential quarter-on-quarter growth.

For the nine months ended December 31, 2025, revenue including Ascent stood at INR 954 crores, representing an 18% year-on-year growth. The EBITDA for the nine-month period reached INR 401 crores with a growth of 12.5%.

Ascent Integration Success

The integration of Ascent, effective October 13, 2025, has significantly transformed KFin's business profile and international footprint. The acquisition added 328 additional clients and expanded the company's managed AUM from $10 billion to $41 billion. Ascent operates across 18 different countries, with Singapore being the largest contributor, followed by Cayman, Middle East, and Hong Kong.

The acquisition has also driven meaningful business diversification, with domestic mutual fund revenue contribution decreasing from 71% in Q3 FY25 to 59.8% in Q3 FY26, while International Investor Solutions increased from 4% to 16.7%.

Business Segment Performance

The company's issuer solutions business achieved significant milestones, crossing 10,000 corporates and maintaining over 50% market share in Nifty 500 companies by market capitalization. The segment delivered 22% year-on-year growth despite tepid retail participation in secondary markets.

KFin's National Pension System business reached a major milestone of 2 million subscribers, achieving breakeven and generating healthy 30% EBITDA margins while growing at 35% compared to the industry's 12% growth rate.

Strategic Outlook

The company continues to focus on reducing concentration risk through geographic and business line diversification. Management expects to bring the domestic mutual fund contribution below 50% in the next couple of years through faster growth in other business segments. The establishment of operations in GIFT City provides additional advantages including 20-year tax credits for international operations.

KFin Technologies maintains its revenue growth guidance of 15-20% and EBITDA margin guidance of 40-45%, supported by the successful integration of Ascent and continued momentum across all business segments.