CAMS Q1 Results Highlights: Net Profit Up 42%; ₹11 Dividend

Computer Age Management Services (CAMS) reported a consolidated net profit of ₹108 crore for the quarter ending June 2024. During this period, the company's consolidated revenue from operations increased by 27% year-on-year, reaching ₹331 crore. Additionally, CAMS has recommended an interim dividend of ₹11 per equity share, with the record date set for August 12, 2024.

CAMS Q1 Results Highlights

Computer Age Management Services (CAMS) announced a consolidated net profit of ₹108 crore for the quarter ending June 2024, marking a 42% increase from the ₹76 crore recorded in the same period the previous year.

During this quarter, the company's consolidated revenue from operations rose by 27% year-on-year, reaching ₹331 crore, compared to ₹261.3 crore in the corresponding quarter last year.

EBITDA (earnings before interest, taxes, depreciation, and amortization) increased by 36.4% year-on-year to ₹149.8 crore in the first quarter, with a margin of 45.2%.

Additionally, the company has proposed an interim dividend of ₹11 per equity share, with the record date set for August 12, 2024. Following the earnings announcement, which was made during market hours, the stock price declined by 1% to ₹4,367. Check CAMS Share Price 

About Computer Age Management Services Ltd.

Computer Age Management Services Ltd. (CAMS) serves as a financial infrastructure and service partner for the asset management industry, offering platform-based services to the BFSI segment in India. As the largest registrar and transfer agent for mutual funds in India, CAMS holds an approximate 69% market share based on mutual fund average assets under management (AAUM).

The company also leads in providing platform and service solutions to alternative investment funds and portfolio managers, supporting over 400 mandates from 180 funds with comprehensive digital and fund administration services. CAMSPay serves as the primary payment service provider for mutual funds and various NBFCs.

CAMSRep, a subsidiary, delivers services to insurance companies, including e-Insurance services. Additionally, CAMS has expanded into new areas such as Account Aggregator services and Central Record-Keeping Agency (CRA) services for the National Pension Scheme.