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CAMS Q1FY22 Consolidated PAT up 58.92 % YoY, Recommends Interim Dividend of Rs. 6.50 per share


Chennai, August 10, 2021:  Chennai based Computer Age Management Services Limited (CAMS), India’s largest registrar and transfer agent of mutual funds (a SEBI regulated entity) has announced its financial results for the first quarter ended on 30th June 2021.

Q1FY22 Consolidated Financial Highlights

Consolidated Performance Highlights
Quarter Highlights – Q1 FY22 Vs Q1 FY21
Revenue from Operations stood at Rs. 201.18 crore as against Rs. 148.63 crore in Q1FY21 with an YoY growth of 35.36%
Profit Before Tax stands at Rs 84.99 crore as against Rs. 51.90 crore in Q1FY21 with an YoY growth of 63.76 %
Profit After Tax was reported at Rs. 63.24 crore as against Rs. 39.79 crore in Q1FY21 with an YoY growth of 58.92 %. PAT margins stood at 30.74 % 
Basic EPS for Q1FY22 stands at Rs. 12.95* 

Q1FY22 Standalone Financial Highlights

Standalone Performance Highlights
Quarter Highlights – Q1 FY22 Vs Q1 FY21
Revenue from Operations stood at Rs. 191.29 crore as against Rs. 143.06 crore in Q1FY21 with an YoY growth of 33.71%
Profit Before Tax stands at Rs 103.36** crore as against Rs. 47.00 crore in Q1FY21 with an YoY growth of 119.91 %
Profit After Tax reported was at Rs. 83.92** crore as against Rs. 36.26 crore in Q1FY21 with an YoY growth of 131.44 %. PAT margins stood at 37.84 % 
Basic EPS for Q1FY22 stands at Rs. 17.19* 

Operational Highlights – Q1 FY22

  • Q1 FY22 – Overall AuM touched a historic high of Rs.23.1 lakh crore, registering an increase of 32.3%, while transactions volume increased by 15% Y-o-Y
  • Franklin Templeton’s operations migration to CAMS, the largest ever migration in the MF industry, has been completed amidst a challenging environment. This was the only instance of shifting an inhouse RTA to a third party.
  • Mr Ram Charan Sesharaman has been appointed as the Chief Financial Officer of the company wef. 1st August 2021.

Management Comment

Commenting on the performance, Mr. Anuj Kumar, Managing Director CAMS Ltd, said, “We had a satisfactory quarter both in terms of our financial results and in maintaining our strong focus on operational excellence and financial prudence. We have navigated the tough business environment induced by the 2nd wave of Covid and have ensured that mutual fund investors and clients were not impacted and continue to get high fidelity service. It was a milestone quarter with both AuM and transaction volumes recording new highs.

On the technology front, our focus has been to strengthen our digital offerings and augment the use of AI, ML and cloud technology to fortify our operations and services.  myCAMS mobile app for investors touched 4.2 Mn registered user base in the quarter and has about 2.5 Lakh logins on an average every day, while edge360, our distributor portal is gaining prominence after the mobile app launch. 

Commenting on the new business lines, Mr Anuj Kumar explained “CAMSfinserv Account Aggregator business is gaining traction with a few large Banks commencing their testing on the platform.  We are working on creating a vibrant, open to public sandbox for testing / sync-up to ease onboarding of ecosystem participants. 

CAMSPay Payment aggregator transactions touched a historic high of 10 Mn+ Transactions per month.

Our engagement with ecosystem entities including PoPs & PFMs continues to deepen as we prepare ourselves for a timely launch of the NPS Central Record Keeping Agency business.” 

About CAMS Ltd

CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions, with over two decades of experience. The Company is India’s largest registrar and transfer agent of mutual funds with an aggregate market share of approximately 70% based on mutual fund average assets under management (“AAUM”) managed by its clients.  Over the last five years, the Company has grown its market share from approximately 61% during March 2015 to approximately 70% in June 2021, based on AAUM serviced. 

Its mutual fund clients include all the top five mutual funds in the country as well as nine of the fifteen largest mutual funds in the country (based on AAUM during June’2021). With the initiative of creating an end-to-end value chain of services, the Company has grown its service offerings and currently provides a comprehensive portfolio of technology-based services covering areas such as transaction origination interfaces, transaction execution, payments & settlements, Reconciliation, dividend processing, investor interface, record keeping, report generation, intermediary empanelment and brokerage computation and compliance related services.

These are delivered through a pan-India network of offices to its mutual fund clients, distributors, and investors. The Company also provides a wholesome suite of services to Alternative investment funds, insurance companies and non-banking finance companies.  

Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research ments based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.

This article is shared with Prittle Prattle News in the form of a Press Release.

By Reporter