New Delhi: Computer Age Management Services (CAMS), which functions as a registrar and transfer agent for mutual funds, on Monday reported a 45% increase in profit after tax to Rs 122.5 crore for the quarter ending in September 2024. In the same quarter of the previous fiscal year, it had a profit of Rs 84.51 crore. The firm announced that its earnings grew by 33 pc to Rs 365.17 crore in the July-September quarter of FY25, up from Rs 275 crore in the same period in 2023.
CAMS Reports Record High Assets of Rs 45 Lakh Crore, Achieves 59 pc Growth in Equity Net Sales.
The CEO Anuj Kumar stated that robust retail involvement through SIPs and NFOs resulted in equity net-sales reaching almost Rs 1 lakh crore in the second quarter, marking a remarkable 59 per cent year-on-year growth in equity asset base. "Our total assets being managed reached a record high of Rs 45 lakh crore, with the quarter seeing the largest increase in assets ever," Anuj Kumar said.
In the initial six months of FY25, CAMS recorded total revenue of Rs 696.57 crore, marking a 30 pc rise from the previous year, while profit after tax (PAT) surged by 43.4 pc to Rs 230.68 crore. The CAMS board has given the green light for an interim dividend of Rs 25 per share, with Rs 10.50 per share being a special dividend. CAMS is a financial technology company that offers infrastructure and services to mutual funds and financial institutions, boasting more than 20 years of experience.
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