Q4FY24 Quarterly & FY24 Annual Result Announced for Computer Age Management Services Ltd.
Data processing Services company Computer Age Management Services announced consolidated Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue at Rs 310.46 crore, up by 24.6% on YoY basis PBT at Rs 134.76 crore, up by 36.4% on YoY basis PAT at Rs 103.50 crore, up by 38.7% on YoY basis, PAT margins @ 32.2% Basic EPS for Q4FY24 stands at Rs 21.07 (not annualised) FY24 Financial Highlights: Revenue at Rs 1,136.52 crore, up by 16.9% on YoY basis PBT at Rs 469.51 crore, up by 23.3% on YoY basis PAT at Rs 353.64 crore, up by 24.0% on YoY basis, PAT margins @ 30.0% Basic EPS for FY24 stands at Rs 72.06 (annualised) Commenting on the performance, Anuj Kumar, Managing Director said, We had an excellent quarter in terms of posting strong financial results, with quarterly revenue and PAT growing at 24.6% and 38.7% YoY. The year ended with the quarter recording a high EBITDA margin of 46.1% as well. All these numbers are a culmination and deep vindication of robust performance across our revenue streams and are reflective of the deep business and operational focus of our teams. The quarter was marked by a number of key milestones, historic firsts and significant events on the business front. Mutual fund assets touched a new historic high and scaled to Rs.37.2 lakh crore. Our share of Equity assets continued to surge ahead. Garnering over 75% of net inflows in equity assets and complemented by historic high SIP inflows, our equity asset base scaled to Rs.19.3 lakh crore and extended our market share of Equity assets to 66.4% in March 24. SIP trends have been favorable on all key dimensions when compared to industry, with higher registrations volume and lower cancellations resulting in higher net registrations. This led to sustained share gain both in the SIP book and in overall share of SIP collections. Our deep domain strength, technology superiority and high governance has helped us win all the three RTA mandates of new asset managers in FY24. Our sustained focus on expanding Non-MF businesses led to a 52% revenue increase YoY with Non-MF revenue share increasing to ~13.5% of overall revenue. We are excited to receive the final authorization from RBI for CAMSPay to operate as a payment aggregator, as this fortifies our offering and opens up new avenues in the payments arena. Similarly, the IRDAI’s mandate for issuance of policies in electronic form from 1st April 2024 augurs well for CAMS Insurance Repository, which is a dominant player in the repository space, to expand its play and offer new formats of servicing policy holders directly. In that direction, CAMSRep has launched BIMA Central, a unified portal which will eventually serve as a one-stop-shop for all things around insurance. KRA services to the larger capital market sustained their momentum, adding fintech brokerages and wealth advisors as clients and saw revenue surge by 90% YoY. We continue to strengthen our differentiated offerings for Alternatives and onboarded our first set of clients in our industry-first analytics platform WealthTrak. We also launched an experience center at Mumbai which will help us showcase our technology-edge and value proposition more effectively to this fast-growing segment." Result PDF09-05-2024