Computer Age Management Services Limited — Investor Meet, 12-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Computer Age Management Services Limited posted 25% revenue growth in FY25, driven by mutual fund and non-mutual fund segments, with non-MF revenue rising to 13.7% in Q4. EBITDA margin remained strong at 46%, PAT margin near 32%, despite a 3.7% QoQ dip due to pricing resets. Non-MF areas like CAMSPay (+85% YoY), alternatives, and repository services are scaling well, supported by digital initiatives. SIP live accounts grew 18%, new SIP registrations up 51% YoY. Management guides for ~25% non-MF growth and ~44% EBITDA margin in FY26, factoring contract repricing impacts. Investments include INR100 Cr in re-architecture and INR70 Cr capex, with stable employee costs (~33% of revenue). Insurance repository and KRA segments show strong growth, with cautious optimism on margin resilience amid yield pressure.