Computer Age Management Services

The shares of Computer Age Management Services (CAMS) Limited were trading at ₹3,699 down by ₹108.80 or 2.86 per cent on the NSE today at 10.55 am.

Computer Age Management Services (CAMS), one of India’s largest mutual fund registrar and transfer agent, reported a 10.2 per cent year-on-year increase in Q4 profit to ₹114.02 crore, falling short of market expectations despite solid revenue growth.

Revenue for the quarter ended March 31, 2025, climbed 14.7 per cent to ₹356.17 crore from ₹310.46 crore a year earlier, according to the company’s regulatory filing on May 5. However, profit margins contracted to 30.9 per cent from 32.2 per cent in the same period last year.

Following the results, Citi maintained its “Sell” recommendation on CAMS shares while raising its target price slightly to ₹3,055 from ₹2,985 previously.

The company’s core mutual fund business saw revenue growth of 14.5 per cent year-on-year, while non-mutual fund segments grew 15.8 per cent, now accounting for 13.7 per cent of overall revenue. EBITDA increased by 11.6 per cent with margins at 44.9 per cent.

CAMS maintained its market leadership with approximately 68 per cent share of mutual fund assets under management (AUM). The company’s AUM grew 24 per cent year-on-year, with equity assets reaching ₹25 lakh crore.

“CAMS has concluded FY’25 on a positive note, offering a promising outlook for the future,” said Anuj Kumar, Managing Director, noting that the quarter’s growth came despite “substantive impact of the price adjustment that was guided earlier.”

The company added two new asset management companies (AMCs) during the quarter – Angel One Mutual Fund and Unifi Mutual Fund – bringing its total to 21 AMCs, with five more expected to launch in the next six months.

More Like This

Published on May 6, 2025