Computer Age Management Services (CAMS) Q2 25/26 earnings summary

Executive summary

• Achieved highest ever quarterly revenue in Q2 FY26, driven by strong growth in both mutual fund (MF) and non-MF segments, and approved un-audited financial results for the period.

• Retained ~68% market share in MF AUM, with industry AUM crossing Rs.52 lakh crore in September 2025.

• Expanded client base by onboarding new AMCs and winning new RTA mandates; six new AMCs onboarded in the year.

• Interim dividend of Rs. 14 per share declared, with record date set for November 7, 2025.

• Board approved transfer of payment aggregator business to a wholly owned subsidiary, pending regulatory approval.

Financial highlights

• Q2 FY26 consolidated revenue: Rs.37,674 lakh, up 6.4% QoQ and 3.2% YoY; H1 FY26 consolidated revenue: Rs.73,089 lakh, up 4.9% YoY.

• Operating EBITDA margin at 44.6%, PAT margin at 29.6%; PAT for Q2 FY26: Rs.11,494 lakh.

• Standalone revenue for H1 FY26 was Rs.68,827.74 lakh; standalone net profit was Rs.21,612.73 lakh.

• Interim dividend of Rs.14 per share declared for Q2 FY26.

• Non-MF revenue share of total enterprise revenue at 14.4% in Q2 FY26.

Outlook and guidance

• Integration of NSE KRA with CAMS KRA is on track, with revenue expected from Q4 FY26.

• Three more asset managers scheduled to go live in the coming months; non-MF targeting 20% YoY growth.

• Cost increases to be contained within 10-11% YoY; automation and AI initiatives to support margin sustainability.

• Board approved sub-division of equity shares from face value Rs.10 to Rs.2 each, pending shareholder approval.