CAMS logs 37% yoy growth to Rs77.31 crore in PAT during Q3FY22

11 Feb 2022 , 11:22 AM

Computer Age Management Services Limited (CAMS), India’s largest registrar and transfer agent of mutual funds has announced its financial results for the quarter and nine months ended December 31, 2021.

Business Highlights during the quarter

• AAuM of CAMS serviced funds at historical high of Rs26.7 lakh crore
• Lifetime high in Transactions — 110.6 Mn. transctions compared to 102.5 Mn in previous Quarter
• New SIP registrations — Momentum continues to clock 43 Lakh new registrations in the current quarter
• SIP book grew by 9% in the current quarter owing to reduction in SIP cancellations

CAMS digital properties stride to new highs

• CAMS digital properties service an aggregate AUM of Rs7.9 lakh crore
• CAMS website serviced 11 Lakh visitors each month on an average in Q3FY22
• myCAMS investor app — A million users logged in every month during the quarter, and October 2021 recorded 10 million user sessions making it the most investor preferred app for MF transactions
• MFCentral — A unified investor portal developed jointly by CAMS and the other RTA, went live in Sep 2021 with over 1.25 lakh registrations in the first quarter since its launch. Mobile app launched in December 2021

Quarterly Highlights

• Revenue at Rs237.71 crore, growth of 28% on yoy basis
• PBT at Rs102.25 crore, growth of 35% on yoy basis
• PAT at Rs77.31 crore, growth of 37% on yoy basis, PAT margins @ 32%
• Basic EPS for Q3 FY22 stands at Rs15.81 (not annualised)

Consolidated

• Revenue at Rs666.48 crore, growth of 32% on yoy basis
• PBT at Rs283.71 crore, growth of 47% on yoy basis
• PAT at Rs213.11 crore, growth of 47% on yoy basis, PAT margins @ 31%
• Basic EPS for 9M FY22 stands at Rs43.63 (not annualised)

Commenting on the performance, Anuj Kumar, Managing Director said, "We had a strong quarter both in terms of our financial results and in maintaining our focus on operational excellence and financial prudence. The momentum in retail investor participation continued and we saw new highs in transaction volumes on the back of strong equity inflows, SIP inflows and new SIP registrations.

The growth in AAuM was driven by equity assets, which touched life-time highs and helped us retain our leadership position with a market share of nearly 70% based on the quarterly AAuM.

On the technology front, our focus during the quarter has been to strengthen our digital offerings and launch industry first initiatives such as SMART statement, digital portal for intermediary commission management, instant statement and modern APIs to power distribution channels. We concurrently made large scale upgrades to our technology infrastructure.

In the new business areas, Account Aggregator offering was fortified with the launch of TSP solution Finduit. We now deliver a compelling proposition for onboarding clients to the AA platform. While the early wins in the enterprise side include a mid-tier Bank, NBFCs and Broking houses, the CAMSfinserv app has been gaining visibility and is now the most downloaded AA app.

Our services from GIFT city have commenced as we engage with more asset managers who are preparing for their launch. We also concluded double digit wins with marquee AIF /PMS clients during the quarter."

At around 11:12 AM, CAMS was trading at Rs2,552 apiece down by Rs47.45 or 1.83% on the BSE.