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 PAT reaching ₹10,821 lakh in Q1 FY25.

• Achieved INR 40 trillion in AUM, with equity AUM up over 55% year-over-year and market share in equity assets rising to 66%.

• Strategic partnership with Google Cloud to modernize the RTA platform for scalability and security.

• Interim dividend of INR 11 per share declared, with record and payment dates specified.

Financial highlights

• Consolidated revenue: ₹33,140 lakh in Q1 FY25, up 26.8% year-over-year and 6.7% sequentially.

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

• PAT margin at 32%, with consolidated net profit at ₹10,821 lakh in Q1 FY25.

• Return on net worth: 44.4% for Q1 FY25.

• Cash and cash equivalents: ₹718 crore as of June 30, 2024.

Outlook and guidance

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

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

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

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