Computer Age Management Services Limited — Updates, 29-01-2025: Press Release
Computer Age Management Services Limited (CAMS) reported robust financial growth for the quarter and nine months ended December 31, 2024. Revenue surged 27.6% year-on-year to Rs. 369.74 Cr, while Profit After Tax (PAT) grew 40.5% to Rs. 125.49 Cr, reflecting a PAT margin of 32.6%. CAMS has strategically increased its share in mutual funds, winning the majority of recent mandates, which positions it as a key player, now servicing 26 out of the 50 mutual funds in India. The company's Assets under Management (AuM) grew by 38%, driven by a remarkable 51% increase in equity assets.
In the non-mutual fund segment, CAMSPay achieved a notable 53% revenue growth, supported by a surge in digital payments. The firm remains dedicated to expanding its KYC repository and has signed on top-tier clients, ensuring a positive outlook for future growth. The managing director emphasized operational excellence and the importance of maintaining momentum in both traditional and alternative investments, reinforcing CAMS's competitive edge in the market.
Investors should be encouraged by CAMS's performance across key financial metrics and strategic successes, positioning the company for continued growth.
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