Computer Age Management Services (CAMS) Q2 2025 earnings summary

Executive summary

• Achieved record quarterly performance with consolidated revenue up 32.7% YoY to ₹36,517.21 lakhs and net profit up 44.9% YoY to ₹12,083.13 lakhs, with strong growth across all key metrics including asset growth, mutual fund and non-MF revenue, and margin expansion.

• Fastest-ever quarterly AuM growth, adding nearly ₹4.9T, with equity AuM up 59.4% YoY and market share at approximately 66%.

• Record high SIP registrations at 1.2 crore, up 86% YoY, and collections up 54% YoY.

• Non-MF businesses expanded, with non-MF revenue up 31.9% YoY, now 12.9% of total revenue.

• Board approved an interim dividend of ₹25 per share, including a special dividend component of ₹10.5 per share.

Financial highlights

• AUM grew 37% YoY to ₹45.27 lakh crores, with fastest-ever quarterly growth adding nearly ₹4.9T.

• Total consolidated revenue for Q2FY25 was ₹36,517.21 lakhs, up from ₹27,508.31 lakhs in Q2 FY24; PAT up 44.9% YoY to ₹12,083.13 lakhs.

• EBITDA grew nearly 40% YoY, margin expanded 240 bps to 46.9%.

• PAT margin at 32.4%, up 270 bps YoY.

• Cash and cash equivalents stood at ₹732.8 crores as of September 30, 2024.

Outlook and guidance

• Non-MF revenue expected to continue growing at mid- to high-20s percent, aiming for 20% contribution by FY 2027.

• Margins targeted to reach 47.5% by year-end, with 48% seen as a challenging upper bound.

• Continued focus on expanding non-MF businesses, digital payment solutions, and joint venture with KFin Technologies for MF Central.

• Interim dividend signals confidence in ongoing cash generation and profitability.