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CAMS, which acts as a registrar and transfer agent for mutual funds, on Wednesday reported a 40.2 per cent jump in its consolidated profit after tax at Rs 124.11 crore in the three months ended December 2024. This was in comparison to a profit after tax (PAT) of Rs 88.53 crore in the same quarter of the preceding fiscal, according to a statement. The company's revenues rose by 27.6 per cent to Rs 370 crore in the October-December quarter of the current financial year (FY25) from Rs 289.68 crore a year ago. In addition, the company has recommended an interim dividend of Rs 17.5 per share, the statement noted. "Despite headwinds, mutual funds' growth trajectory continued to scale new highs across all key dimensions. Our overall AUM crossed Rs 46 lakh crore backed by strong growth in equity assets which crossed the Rs 25 lakh crore-mark, posting a robust 51 per cent growth year-on-year (y-on-y). The quarter saw a flurry of NFOs and CAMS serviced funds secured 70 per cent of NFO sales.
CAMS, which acts as a registrar and transfer agent for mutual funds, on Monday reported a 45 per cent rise in profit after tax to Rs 122.5 crore for the three months ended September 2024. It had a profit after tax (PAT) of Rs 84.51 crore in the same quarter of the preceding fiscal. The company's revenues from operations rose 33 per cent to Rs 365.17 in the July-September quarter of the current financial year (FY25) from Rs 275 crore in the year-ago period, the company said in a statement. "Our overall assets under service touched a lifetime high of Rs 45 lakh crore, with the quarter recording the highest ever asset accretion. Strong retail participation in equity assets via SIPs and NFOs catapulted our equity net-sales to touch nearly Rs 1 lakh crore during the second quarter and record a staggering 59 per cent y-o-y growth in equity asset base," the company's CEO Anuj Kumar said. For the first half of FY25, CAMS reported consolidated revenue of Rs 696.57 crore, a 30 per cent ...
Registrar and transfer agent for mutual funds CAMS on Friday reported 42 per cent jump in profit after tax (PAT) at Rs 108.21 crore for the three months ended June 2024. The company had logged a PAT of Rs 76.34 crore in the year-ago period, Computer Age Management Services Ltd (CAMS) said in a statement. Revenue surged 27 per cent to Rs 331.40 crore in April-June FY25 from Rs 261.3 crore in the year-ago period. "Overall, the company's assets under service crossed the Rs 40 lakh crore milestone on the back of solid performance of equity assets, which grew at 55 per cent year-on-year and 11 per cent quarter-on-quarter," Anuj Kumar, Managing Director of CAMS, said. CAMS is India's largest registrar and transfer agent of mutual funds with an aggregate market share of 68 per cent based on mutual fund average assets under management (AAUM).
Computer Age Management Services Ltd (CAMS) has collaborated with Google Cloud to develop next-generation platform for various business services, in the asset management industry. The initiative aims to modernise the largest platform serving the Indian asset management industry with next generation capabilities. The next generation platform, envisaged with Google Cloud, is a strategic step of the company to leverage the multiple benefits of cloud-based platforms and emerging technologies for the rapidly growing asset management industry, CAMS said in a statement here on Tuesday. The platform would be designed and developed over a five-year period with implementation of specific modules in a phased manner. Commenting on the development, CAMS Managing Director Anuj Kumar said, "our technology platform has been the financial infrastructure for the Indian Mutual Fund industry, serving investors and the complex ecosystem diligently, while scaling up to build a market share of about 68 p
Registrar and transfer agent for mutual funds CAMS on Thursday reported a 38.5 per cent surge in profit after tax to Rs 103 crore for three months ended March this year, driven by robust performance across the business streams. In comparison, the company had posted a profit after tax (PAT) of Rs 74.36 crore in the year-ago period, Computer Age Management Services Ltd (CAMS) said in a statement. Its revenue grew 24.6 per cent to Rs 310.46 crore in January-March of the financial year 2023-24 (FY24) from Rs 249.24 crore a year ago. "We had an excellent quarter in terms of posting strong financial results, with quarterly revenue and PAT growing at 24.6 per cent and 38.7 per cent YoY (year-on-year). "All these numbers are a culmination and deep vindication of robust performance across our revenue streams and are reflective of deep business and operational focus of our teams," Anuj Kumar, Managing Director of CAMS, said. The company said that revenues from the mutual fund business rose
Computer Age Management Services Ltd (CAMS), registrar and transfer agent of mutual funds, on Tuesday reported 21 per cent growth in net profit at Rs 89.29 crore for three months ended December 2023. The company had logged a net profit of Rs 73.72 crore in the same quarter of preceding financial year (FY23), CAMS said in a statement. Revenue in the quarter under review rose 19 per cent to Rs 289.68 crore, as against Rs 243.57 crore in the year-ago period. "Revenue growth at 19 per cent and PAT (profit after tax) growth at 21 per cent 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 historic high of Rs 34 lakh crore," company's managing director Anuj Kumar said. CAMS is a financial infrastructure and service partner to the asset management industry and offers platform-based services to the Banking, Financial Services and Insurance (BFSI) segment. With a market share of ov