Data processing Services company Computer Age Management Services announced Q1FY25 results: Revenue at Rs 331.40 crore, 26.8% on YoY basis PBT at Rs 143.67 crore, 41.0% on YoY basis PAT at Rs 108.21 crore, 41.8% on YoY basis, PAT margins @ 31.5% Basic EPS for Q1FY25 stands at Rs 22.01 (not annualized) MF revenue grew by 26.3% YoY Non-MF revenue grew by 30.7% YoY Sustained focus on expanding Non-MF businesses led to a 40 basis points YoY increase in the share of Non-MF revenue, reaching 13.3% of overall revenue EBITDA grew by 36.6% YoY EBITDA percentage stood at 45.4%, 320 basis points up YoY Commenting on the performance, Anuj Kumar, Managing Director said, It is heartening for us to share the company’s excellent performance, both on the financial results front and around operational excellence. Strong revenue growth at 26.8%, exemplary PAT growth at 41.8 % and a high EBITDA margin of 45.4% are resounding indicators of our robust performance, emanating from scale opportunities emerging across our business segments and from the operational focus of the team. The first quarter was marked by historic highs and key milestones across multiple operating dimensions for Mutual Funds serviced by CAMS. Our overall assets under service crossed the Rs.40 lakh crore milestone on the back of solid performance of equity assets, which grew at 55% YoY and 11% QoQ. Our equity assets continued to surge ahead, garnering an all-time high net inflows of over Rs.90,000 crore and securing a substantial share of 82% from NFO sales. It was yet another milestone quarter on the SIP front with individual investors’ participation remaining vigorous and CAMS setting a record high of 9.3 million new SIPs registered, which is nearly 100% growth YoY and represents a share increase of 3% over previous quarter. New client acquisition momentum continued to be strong with new wins in the Alternatives, Payments, CAMSKRA, Insurance & Account Aggregator businesses and in our acquired subsidiaries, Fintuple and Think360.ai. Our market dominance in the Alternatives segment has been further cemented by the business, winning 36 new contracts in the quarter. CAMSKRA’s strides into Non-MF segments, focusing on Fintechs in Capital markets, saw substantial momentum to help clock 101% revenue increase over previous year. With a staggering growth of 143% in the UPI Autopay option, CAMSPay solidified its position as the # 1 player in MF segment and came amongst the Top 3 players in BFSI segment in this payment option. Bima Central, an industry first mobile app for Insurance portfolio management, is gaining traction with insurer participation and with policy holders, touching over 40,000 downloads and 1.5 Lakh users. In the Account aggregator space, we continued to gain market share in new client acquisitions of marquee fintech brands as well as in transaction pulls. Our ahead-of-the-curve technology initiatives have been widely acknowledged by the industry, with the Group winning awards in multiple categories at the Banking Frontiers Technoviti Awards and Business World Fintech Festival. Result PDF
Conference Call with Computer Age Management Services Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
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 PDF