Data Processing Services company Computer Age Management Services announced Q3FY25 results Revenue at Rs 369.74 crore, 27.6% on YoY basis. PBT at Rs 167.57 crore, 40.2% on YoY basis. PAT at Rs 125.49 crore, 40.5% on YoY basis, PAT margins @ 32.6%. Basic EPS for Q3 FY25 stands at Rs 25.45 (not annualized). 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 27.6% Y-on-Y, exemplary PAT growth at 40.5 % YoY and a high EBITDA growth of 34% YoY are resounding indicators of our robust performance. The quarter saw an unprecedented trend with us winning all 3 new Mutual fund mandates in the market and the first international MF engagement. Adding the transition of another MF from competition, CAMS’s leadership position with 68% share of AuM has been further cemented with serving largest number of Mutual funds at 26 fund houses - of the 50 - in the industry. 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% growth Y-on-Y. The quarter saw a flurry of NFOs and CAMS serviced Funds secured 70% of NFO sales. Retail investor participation remained active with new SIP registrations seeing a healthy 50% increase on Y-on-Y basis. CAMS’s share in Net registrations increased by 4% to 64%, from the previous quarter. We had strong momentum in our non-MF business during the quarter in terms of client wins, strengthening our foundation across businesses. Our platform for Alternatives continues to be the preferred platform (and digital enabler) winning over 50 new mandates, which includes logo share gain from competitors. We added 7 new logos for our GIFT city operations, taking our base to 25 clients and solidifying our position as the leading fund administrator at GIFT city. CAMSPay’s revenue grew by 53% Y-on-Y and the business deepened and expanded its engagement across segments to add 24 new clients. It was a milestone quarter for CAMSrep Insurance repository, scaling past the one crore e-policy mark and winning industry recognition for Bima Central app. CAMS KRA’s resounding success with 10-minute KYC registration is now complemented with launch of WhatsApp based KYC. The business continued to expand its growth in the larger capital markets with signing one of the top 5 brokerages in the country. We are also delighted with the country’s largest public sector bank choosing Think360’s PFM (Personal Finance Management) solution for their participation in the Account Aggregator arena. Result PDF
Finance company Bajaj Finance announced Q3FY25 results Number of new loans booked in Q3FY25 was highest ever at 12.06 million as against 9.86 million in Q3FY24, a growth of 22%. Customer franchise stood at 97.12 million as of 31 December 2024 as compared to 80.41 million as of 31 December 2023, a growth of 21 %. In Q3FY25, the Company recorded highest ever quarterly increase in its customer franchise of 5.03 million. Assets under management (AUM) grew by 28% to Rs 398,043 crore as of 31 December 2024 from Rs 310,968 crore as of 31 December 2023. AUM grew by Rs 24, 119 crore in Q3FY25. Net inrerest income increased by 23% in Q3FY25 to Rs 8382 crore from Rs 7655 crore in Q3FY24. Net total income increased by 26% in Q3FY25 to Rs 11,673 crore from Rs 9,298 crore in Q3FY24. Operating expenses to net total income for Q3FY25 was 33.1 % as against 33.9% in Q3FY24. Pre-provisioning operating profit increased by 27% in Q3FY25 to Rs 7,805 crore from Rs 6,142 crore in Q3FY24. Loan losses and provisions for Q3FY25 was Rs 2,043 crore as against Rs 1,248 crore in Q3FY24. Loan losses and provisions to average asset under finance for Q3FY25 was 2.16%. Profit before tax increased by 18% in Q3FY25 to Rs 5,765 crore from Rs 4,896 crore in Q3FY24. Profit after tax increased by 18% in Q3FY25 to Rs 4,308 crore from Rs 3,639 crore in Q3FY24. Gross NPA and Net NPA as of 31 December 2024 stood at 1.12% and 0.48% respectively, as against 0.95% and 0.37% as of 31 December 2023. The provisioning coverage ratio on stage 3 assets was 57%. Capital adequacy ratio (CRAR) (including Tier-II capital) as of 31 December 2024 was 21.57%. The Tier-I capital was 20.79%. Result PDF
Conference Call with Motilal Oswal Financial Services Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Holding Companies company JM Financial announced Q3FY25 results Total income: Rs 1,121 crore compared to Rs 1,261 crore during Q3FY24, change -11%. Operating Profit: Rs 403 crore compared to Rs 466 crore during Q3FY24, change -13%. PAT: Rs 209 crore compared to Rs 278 crore during Q3FY24, change -25%. AUM: Rs 2,588 crore compared to Rs 1,946 crore during Q3FY24. EPS: Rs 2.2 for Q3FY25. Consolidated net worth: Rs 8,874 crore compared to Rs 8,643 crore during Q3FY24. Vishal Kampani, Vice Chairman and Managing Director, JM Financial, said: “The performance of the capital markets focused businesses continues to remain strong. In CY24, JM Financial closed the highest number of QIP deals. In line with the guidance, there is a strong reduction in the wholesale loan book through repayments and the MSME loans through assignment. In our wholesale mortgage lending business, we have accelerated the provision coverage ratio to a robust 94% from 55% in the last nine months. The affordable home loans business has demonstrated strong growth and has expanded to 128 branches. We continue to execute our strategies on our focused businesses i.e. corporate advisory and capital markets, wealth and asset management, private credit syndication and affordable home loans business.” Result PDF
Housing Finance company Home First Finance Company India announced Q3FY25 results Total Income at Rs 407 crore; YoY growth of 35.4%. PPOP stands at Rs 140 crore, growth of 27.2% YoY. PAT at Rs 97 crore, up by 23.5% YoY. ROA is at 3.4%; flat QoQ. ROE at 16.6% increased by 10 bps QoQ. Distribution: The Company has 149 branches with presence in 13 States / UT. Total touchpoints increased to 359 (+8 from Sep’24 and +54 from Dec’23). Q3FY25 Disbursements: Disbursements of Rs 1,193 crore, YoY growth of 18.4% basis. Asset under Management (AUM): Rs 11,949 crore, growth of 32.6% on YoY basis and 6.4% on QoQ basis. Focus on housing loans that contribute 84% of AUM. EWS / LIG category that forms ~61% of the customer base. Asset Quality: ???????Bounce rates range-bound. Jan’25 witnessed bounce rate of 16.0%. 1+ DPD is at 4.8% (increase of 30 bps on QoQ). 30+ DPD at 3.1% (increase of 30 bps on QoQ). Gross Stage 3 (GNPA) at 1.7%. Prior to RBI classification circular of Nov’21, it stands at 1.4%. Our credit cost is at 30bps for the quarter. Provisions: ECL provision as on Dec’24 is Rs 84 crore; resulting in total provision to loans outstanding ratio at 0.8%; and the GNPA to total provision coverage ratio (PCR) is at 47.3% in Dec’24 vs 52.4% in Dec’23. Borrowings: Total borrowings including debt securities are at Rs 9,213 crore as on Dec’24. The company continues to carry a liquidity of Rs 3,486 crore as on Dec’24. Cost of borrowings at 8.4% (flat on QoQ basis). Spread: Ex-CL Spread on loans stood at 5.2% in Q3FY25, decrease of 10bps QoQ. Capital Adequacy: Total CRAR at 33.1%. Tier I capital stands at 32.7% as on Dec’24. Networth as on Dec’24 is at Rs 2,408 crore vis-à-vis Rs 2,289 crore as on Sep’24. Manoj Viswanathan, MD & CEO said: “We are delighted to report another quarter of strong performance. Our AUM grew to Rs 11,949 crore, reflecting a robust YoY growth of 32.6% and QoQ growth of 6.4%. PAT increased by 23.5% on a YoY basis to Rs 97 crore leading to RoA of 3.4%. We achieved an ROE of 16.6% in Q3FY25; in a high-interest rate environment. The continued improvement in our return on equity reflects our focus on sustainable growth, operational efficiency and strong credit quality. Our strong liability profile and timely availability of competitive cost of borrowing enabled us to contain the cost of borrowing. We further expanded our network, adding 7 branches and 8 touch points, taking our total branch count to 149 and touchpoints to 359. Employee strength has grown from 1,249 in Mar’24 to 1,704 in Dec’24 with the objective of driving further expansion. To enable further support of the vision of the company and achieve our medium-term ambition of AUM of Rs 20,000 crore by Mar’27, the Board has also passed an enabling resolution to raise equity capital into the company of upto Rs 1,250 crore. This reflects a strong confidence in our ability to drive our growth plans and gain market share in the affordable housing finance segment. Our asset quality continues to be strong with a focus on early delinquencies. 1+ DPD is at 4.8% (increase of 30 bps on QoQ). 30+ DPD at 3.1% (increase of 30 bps on QoQ). Gross Stage 3 (GNPA) is at 1.7% (flat on QoQ). Prior to RBI classification circular of Nov’21, it stands at 1.4%. Our credit cost at 30bps (remained flat on YoY and increased by 10 bps on QoQ basis). We continue to maintain our conservative credit cost guidance of 30 to 40 bps. Technology remains central to our strategy. Digital adoption continues to be strong and a key area of our focus as we grow. Account aggregator adoption has improved to 61% amongst new approvals. Digital fulfillment has reached ~80% with the use of digital agreements and E-NACH mandates. 96% of our customers are registered on our app as on Dec’24 and 88% of Service requests being raised on the app. To further our commitment to the vision of "Housing for All," we are proud to share our partnership with MoHUA and NHB to spearhead the ISS vertical of the PMAY initiative. As part of this collaboration, we have successfully conducted initial pilot projects in our regions. At HomeFirst, we remain steadfast in our dedication to making this initiative a resounding success. Our S&P; Global ESG Score has improved significantly from 34 in FY23 to 45 in FY24, reflecting our unwavering dedication to environmental, social, and governance excellence. This remarkable progress underscores our commitment to sustainable business practices, fostering a positive impact on the environment, empowering communities, and maintaining the highest standards of governance. We are excited about the opportunities ahead, especially with the continued push for affordable housing under government initiatives like PMAY-U 2.0. We remain committed to our mission of providing fast, transparent and efficient home finance solutions to the aspiring middle class. Result PDF