Computer Age Management Services Ltd - 543232 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Advance Intimation of upcoming Analyst or Institutional Investor Interactions06-02-2024
06-02-2024
Computer Age Management Services Ltd - 543232 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Advance Intimation of upcoming Analyst or Institutional Investor Interactions.06-02-2024
Q3FY24 Quarterly Result Announced for Computer Age Management Services Ltd.
Capital Markets company Computer Age Management Services announced Q3FY24 results: Financial Performance: Revenue: CAMS reported a consolidated revenue of Rs 289.68 crore for Q3FY24, marking an increase of 18.9% YoY. Profit Before Tax (PBT): PBT (after eliminating non-controlling interest) stood at Rs 119.56 crore, a 22.1% rise YoY. Profit After Tax (PAT): The consolidated PAT reached Rs 89.29 crore, up by 21.1% YoY, with PAT margins at 29.8%. Earnings Per Share (EPS): The basic EPS for Q3FY24 stands at Rs 18.13 (not annualised). Business Highlights: Mutual Funds: CAMS added Unifi Capital to its list of mutual fund RTA mandates. The AUM for CAMS' Mutual Funds stood at Rs 33.95 trillion, growing 22% YoY, with a market share of 68.2%. The Equity AUM for CAMS was reported at Rs 16.9 trillion, achieving a 66% market share and outpacing the industry growth. SIP book for CAMS saw a 29% YoY increase. Beyond Mutual Funds: Non-MF revenue grew by 59% YoY, reaching approximately 13% of the overall revenue. CAMS Alternatives experienced a 21% increase in revenue YoY and saw the addition of 32 new mandates. CAMS KRA reported a 129% increase in revenue YoY. CAMSRep secured a digital KYC mandate from Oriental Insurance. LIC onboarded CAMSPay as an exclusive partner for customer account authentication. Commenting on the performance, Anuj Kumar, Managing Director said, "We had a very satisfactory quarter both in terms of posting strong financial results and in maintaining our deep focus on operational excellence. Revenue growth at 19% and PAT growth at 21% year-on-year is the culmination of robust performance across our revenue streams. Mutual Funds asset growth trajectory took the overall asset base we service to a historic high of Rs. 34 lakh crores. Garnering nearly 72% of net inflows in equity assets, complimented by historic high SIP inflows, helped us to scale our equity asset base to Rs.16.9 lakh crore and record 66% market share. Our deep domain strength, technology superiority, and high governance have helped us to win most of the RTA mandates of new asset managers in the past 18 months and the trend has continued with Unifi Capital, which has recently received in-principle approval to set up AMC, to select CAMS as their RTA partner. Our sustained focus on expanding Non-MF businesses led to a 330 basis points increase YoY in the share of Non-MF revenue to ~13% of overall revenue. New client acquisition momentum continued to be strong with new wins in the Alternatives, Payments, CAMS KRA, Insurance & Account Aggregator businesses and in our acquired subsidiaries Fintuple and Think360.ai. We are very excited to win marquee institutions LIC and Oriental Insurance for our differentiated solutions in Payments and KYC respectively. CAMSRep’s Bima Central which envisions a new paradigm for insurance policy holder services has gone live with the first insurer. CAMS KRA’s strides into Non-MF segments saw substantial momentum to clock a nearly 129% revenue increase on a year-on-year basis, while in the Account aggregator space, we continue to gain market share in new client acquisitions as well as transaction pulls." Result PDF06-02-2024
Computer Age Management Services Ltd - 543232 - Board Meeting Outcome for Outcome Of Board Meeting
Outcome of Board Meeting06-02-2024