Computer Age Management Services (CAMS) Q1 2025 earnings summary

Executive summary

• Revenue grew 27% year-over-year, driven by strong mutual fund and non-mutual fund segment growth, with Q1 FY25 revenue up 26.8%.

• Profit after tax rose nearly 42% year-over-year, with margin improving to 32%, and EBITDA margin reached 45.4%.

• Achieved INR 40 trillion in assets under management, with equity assets growing 56% year-over-year and market share in equity assets rising to 66%.

• Strategic partnership with Google Cloud announced to rebuild the RTA platform for greater efficiency, scalability, and security.

• Interim dividend of INR 11 per share declared.

Financial highlights

• Consolidated revenue: INR 242 crore (₹33,140 lakh), up 27% year-over-year and 7.7% quarter-over-quarter.

• EBITDA margin at 45.4%, with EBITDA up 36.6% year-over-year.

• PAT: Up 42% year-over-year, with margin at 32%; consolidated PAT for Q1 FY25 was ₹10,821 lakh.

• Earnings per share (basic): ₹22.01 in Q1 FY25.

• Cash and cash equivalents at INR 718 crore as of June 30, 2024.

Outlook and guidance

• Non-MF revenue expected to grow by 2% annually as a share of total revenue, aiming for 20% by FY 2027.

• Continued expansion in non-mutual fund businesses, with non-MF revenue share rising to 13.3%.

• Account aggregator revenue targeted to reach INR 11–12 crore in FY 2026, with break-even expected.

• Ongoing investments in technology, ESG initiatives, and talent to support future growth.

• On track to reach 100,000 NPS subscribers in FY25, focusing on API integration and fintech onboarding.