Computer Age Management Services (CAMS) Q4 21/22 earnings summary

Executive summary

• FY22 delivered strong growth, with consolidated revenue from operations up 29% to ₹90,967 lakh, PBT up 39.4% to ₹38,265 lakh and PAT up 40% to ₹28,695 lakh.

• Serviced mutual fund AUM reached ₹26 trillion, up 17% YoY; transactions rose 29% to 415.9 million, with new SIP registrations up 117% to 15.82 million.

• Expanded beyond core mutual fund servicing through new Account Aggregator and NPS CRA platforms, AIF/PMS products and GIFT City operations.

Financial highlights

• Consolidated revenue from operations was ₹90,966.75 lakh vs ₹70,549.58 lakh; total income ₹92,694.19 lakh vs ₹73,525.45 lakh.

• Consolidated operating EBITDA was ₹40,037.60 lakh vs ₹27,268.90 lakh; PBT ₹38,264.82 lakh vs ₹27,445.51 lakh; PAT ₹28,694.69 lakh vs ₹20,529.13 lakh.

• Consolidated basic EPS rose to ₹58.73 from ₹42.08; diluted EPS was ₹58.41 vs ₹41.93.

• Standalone revenue from operations was ₹86,377 lakh vs ₹67,375 lakh; standalone PAT was ₹28,941 lakh vs ₹21,897 lakh.

Outlook and guidance

• Mutual fund and alternatives markets were seen benefiting from a shift toward financial assets, wider fintech access and greater household savings participation in equity and mutual funds.

• Account Aggregator adoption was expected to build as additional financial participants joined; NPS growth was expected to benefit from the new CRA platform.

• WealthServ targeted more than 100 AIF/PMS sign-ups by June 2023; financial transactions on MFCentral were expected to go live in Q1 FY23.

• NPS CRA was asked to operationalise all segments, including Direct to Corporate and APY, by September 30, 2022; APY timing carried uncertainty due to third-party dependencies and pandemic conditions.