Computer Age Management Services (CAMS) Q4 22/23 earnings summary

Executive summary

• FY23 consolidated revenue rose 6.8% YoY to ₹971.83 crore; PBT edged down 0.6% to ₹380.19 crore and PAT was ₹284.63 crore.

• Retained leadership in mutual fund RTA, servicing 68.2% of average quarterly AAUM; total transaction volumes reached 465.7 million, up 12% YoY.

• Diversification continued through investments in Fintuple and Think Analytics, with growth initiatives across AIF/PMS, insurance, Account Aggregation, payments and NPS.

Financial highlights

• Consolidated revenue from operations ₹971.83 crore vs ₹909.67 crore in FY22; total income ₹998.64 crore vs ₹926.94 crore.

• Consolidated operating profit ₹448.04 crore vs ₹441.40 crore; PBT ₹380.19 crore vs ₹382.65 crore.

• Consolidated PAT ₹284.63 crore vs ₹286.95 crore; basic EPS ₹58.26 vs ₹58.73.

• Consolidated EBITDA ₹421.23 crore; revenue from operations and PAT were reported as ₹971.83 crore and ₹285.25 crore, respectively, in FY23 highlights.

• MF-serviced AAUM was ₹27.3 trillion, up 7% YoY; live folios reached 57.4 million, up 11%, and investor service requests rose 27% to 112.8 lakh.

Outlook and guidance

• FY24 priorities include onboarding Zerodha and Helios, pursuing new MF mandates, expanding AIF services into new segments/geographies, and adding NPS offerings such as mobile app and NPS Lite.

• Strategy is to evolve into a technology product business, embedding analytics, AI, cloud and blockchain across solutions.

• Management expects MF and alternatives growth to continue, supported by increasing preference for financial assets and international investor interest in India.

• Account Aggregator growth is expected as capital-markets and broader financial-services participants join the ecosystem; differentiated BFSI payment solutions and technology products are positioned for sector growth.