CAMS Ltd Q4 net up 39.61% at Rs60.13cr on higher revenues and check on costs

CAMS Ltd reported 14.29% yoy increase in consolidated revenues for the Mar-21 quarter at Rs203.94cr

May 25, 2021 06:05 IST India Infoline News Service

CAMS Ltd reported 14.29% yoy increase in consolidated revenues for the Mar-21 quarter at Rs203.94cr. On a sequential basis, the total income was up by 6.03% compared to total revenues in the Dec-20 quarter at Rs192.34cr. CAMS is the largest mutual fund registrar in India.
It counts most of the marquee AMCs among its clients. The big-3 viz. SBI MF, HDFC MF and ICICI Pru MF are all registry clients of CAMS.

Net profits in the Mar-21 quarter was up 39.61% at Rs60.13cr. The growth in net profits was driven by higher sales revenues, but more importantly, costs were also contained in the quarter.
The business of the company is not too cyclical as they are long term contracts. Net margins at 29.48% in the Mar-21 quarter was higher than 24.14% reported in the Mar-20 quarter. On a sequential basis, the net margins were very marginally up by about 15 bps.


Financial highlights for Mar-21 compared yoy and sequentially


CAMS Ltd
Rs in Crore Mar-21 Mar-20 YOY Dec-20 QOQ
Total Income (Rs cr) ₹ 203.94 ₹ 178.44 14.29% ₹ 192.34 6.03%
Net Profit (Rs cr) ₹ 60.13 ₹ 43.07 39.61% ₹ 56.42 6.58%
Diluted EPS (Rs) ₹ 12.26 ₹ 8.82 ₹ 11.50
Net Margins 29.48% 24.14% 29.33%

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