Computer Age Management Services (CAMS) Q4 20/21 earnings summary

Executive summary

• FY21 consolidated revenue rose 0.8% YoY to ₹70,549.58 lakh; profit after tax increased 19.4% to ₹20,529.13 lakh.

• Serviced mutual-fund AuM reached ₹22 trillion and market share was 69% at March 2021; 323 million transactions were processed during FY21.

• Operations remained resilient through COVID disruptions, with transaction-processing accuracy reported at 99.98% and digital channels handling ~85% of inflows.

Financial highlights

• Consolidated operating revenue was ₹70,549.58 lakh vs ₹69,962.99 lakh in FY20; PBT was ₹27,445.51 lakh vs ₹24,683.82 lakh.

• Consolidated PAT reached ₹20,529.13 lakh vs ₹17,189.22 lakh; basic EPS was ₹42.08 vs ₹35.24.

• Consolidated operating EBITDA was ₹27,268.90 lakh vs ₹26,150.28 lakh; other income rose to ₹2,975.87 lakh from ₹2,124.25 lakh.

• Revenue from operations grew 0.8% YoY; PBT increased 11.2% and PAT rose 19.4% in FY21.

Outlook and guidance

• FY22 began amid disruption from India’s second COVID wave; management expected long-term mutual-fund industry growth from economic expansion, wider investor participation, savings and digital adoption.

• Established market position, technology infrastructure, processes and marquee client relationships were cited as foundations to add mutual-fund clients and expand value-added offerings.