Computer Age Management Services (CAMS) Q4 25/26 earnings summary

Executive summary

• Achieved record quarterly and annual revenue in Q4 FY2026, with non-MF revenue growing 24.5%–25% year-on-year and enterprise revenue up 11% year-on-year, surpassing targets despite a challenging environment.

• Maintained approximately 68% market share in mutual funds, with AUM at ₹55.1 lakh crore and 21% year-on-year growth.

• Operational efficiency and automation led to record EBITDA and robust margins, with EBITDA margin at 46.5%.

• Audited standalone and consolidated financial results for FY26 were approved with an unmodified audit opinion from statutory auditors.

• Board approved several investments and acquisitions, including full ownership of Fintuple Technologies and increased stake in Think Analytics.

Financial highlights

• Q4 FY2026 revenue reached ₹39,522.02 lakh, up 11% year-on-year and 1.3% quarter-on-quarter; consolidated FY26 revenue was ₹1,51,624.90 lakh, up from ₹1,42,248.33 lakh in FY25.

• Q4 FY2026 EBITDA was ₹18,366 lakh with a margin of 46.5%; PAT for Q4 was ₹12,643 lakh, up 10.9% year-on-year.

• FY26 consolidated net profit was ₹47,201.83 lakh, compared to ₹46,469.55 lakh in FY25; basic EPS was ₹19.23.

• Return on equity/net worth for FY26 was 39%–39.1%.

• Final dividend of ₹4 per share declared for FY26.

Outlook and guidance

• Non-MF revenue expected to maintain 20%+ growth, with broad-based contributions from payments, AIF, repository, and new products.

• Next-gen transaction origination platform and analytics-driven data warehouse to go live in H1FY27.

• Dividend payout and continued investments in subsidiaries signal confidence in future growth.

• KRA revenue projected to remain flat in FY2027 after absorbing a 20% industry-wide price reduction, offset by growth and new client wins.

• OpEx growth targeted below 9%, with employee cost growth under 5% for the coming year.