CAMS Q1FY22 Consolidated PAT up 58.92 % YoY, Recommends Interim

 COMPUTER AGE MANAGEMENT SERVICES LTD

 

CAMS Q1FY22 Consolidated PAT up 58.92 % YoY, Recommends Interim Dividend of Rs. 6.50 per share

 

Chennai based Computer Age Management Services Limited (CAMS), India’s largest registrar and transfer agent of mutual funds (a SEBI regulated entity) has announced its financial results for the first quarter ended on 30^th June 2021.

 

Q1FY22 Consolidated Financial Highlights

Consolidated Performance Highlights

Quarter Highlights - Q1 FY22 Vs Q1 FY21

Revenue from Operations stood at Rs. 201.18 crore as against Rs. 148.63 crore in Q1FY21 with an YoY growth of 35.36%

Profit Before Tax stands at Rs 84.99 crore as against Rs. 51.90 crore in Q1FY21 with an YoY growth of 63.76 %

Profit After Tax was reported at Rs. 63.24 crore as against Rs. 39.79 crore in Q1FY21 with an YoY growth of 58.92 %. PAT margins stood at 30.74 %

Basic EPS for Q1FY22 stands at Rs. 12.95*

*Not Annualized

 

Q1FY22 Standalone Financial Highlights

Standalone Performance Highlights

Quarter Highlights - Q1 FY22 Vs Q1 FY21

Revenue from Operations stood at Rs. 191.29 crore as against Rs. 143.06 crore in Q1FY21 with an YoY growth of 33.71%

Profit Before Tax stands at Rs 103.36** crore as against Rs. 47.00 crore in Q1FY21 with an YoY growth of 119.91 %

Profit After Tax reported was at Rs. 83.92** crore as against Rs. 36.26 crore in Q1FY21 with an YoY growth of 131.44 %. PAT margins stood at 37.84 %

Basic EPS for Q1FY22 stands at Rs. 17.19*

*Not Annualized, **Includes dividend received from subsidiaries  of Rs 27.16 Crore

 

Operational Highlights – Q1 FY22

·       Q1 FY22 – Overall AuM touched a historic high of Rs.23.1 lakh crore, registering an increase of 32.3%, while transactions volume increased by 15% Y-o-Y

·       Franklin Templeton’s operations migration to CAMS, the largest ever migration in the MF industry, has been completed amidst a challenging environment. This was the only instance of shifting an inhouse RTA to a third party.

 

·       Mr Ram Charan Sesharaman has been appointed as the Chief Financial Officer of the company wef. 1^st August 2021.

 

Management Comment

 

Commenting on the performance, Mr. Anuj Kumar, Managing Director CAMS Ltd, said, “We had a satisfactory quarter both in terms of our financial results and in maintaining our strong focus on operational excellence and financial prudence. We have navigated the tough business environment induced by the 2^nd wave of Covid and have ensured that mutual fund investors and clients were not impacted and continue to get high fidelity service. It was a milestone quarter with both AuM and transaction volumes recording new highs.

On the technology front, our focus has been to strengthen our digital offerings and augment the use of AI, ML and cloud technology to fortify our operations and services.  myCAMS mobile app for investors touched 4.2 Mn registered user base in the quarter and has about 2.5 Lakh logins on an average every day, while edge360, our distributor portal is gaining prominence after the mobile app launch.

 

Commenting on the new business lines, Mr Anuj Kumar explained “CAMSfinserv Account Aggregator business is gaining traction with a few large Banks commencing their testing on the platform.  We are working on creating a vibrant, open to public sandbox for testing / sync-up to ease onboarding of ecosystem participants.

 

CAMSPay Payment aggregator transactions touched a historic high of 10 Mn+ Transactions per month.

 

Our engagement with ecosystem entities including PoPs & PFMs continues to deepen as we prepare ourselves for a timely launch of the NPS Central Record Keeping Agency business.”

 

CAMS Consolidated Quarterly PAT up

CAMS Consolidated Quarterly PAT up 39.6 % YoY, Recommends Final Dividend of Rs 11.84 per share

 

Consolidated PAT for Q4 stood at Rs 60.13 Cr. as against Rs. 43.07 Cr. in Q4 FY20, up 39.6 %

Consolidated PAT for FY 21 stood at Rs 205.29 Cr as against 171.89 Cr in FY20, up 19.4 %

 

Chennai based Computer Age Management Services Limited (CAMS), India’s largest registrar and transfer agent of mutual funds (a SEBI regulated entity) has announced its financial results for the fourth quarter and for the full year ended 31^st March 2021.

 

Q4 FY 21 Highlights

 

·         CAMS has reported a consolidated revenue from operations of Rs 199.77 Crore in Q4 FY21, an increase of 14.3% YoY from Rs 174.77 Crore in Q4 last year (Rs. 185.95 Crore Q3 FY21).
 
·         PAT increased by 39.6% YoY to Rs 60.13 Crore from Rs 43.07 Crore in Q4 last year (Rs. 56.42 Crore Q3 FY21).
 
·         PAT Margin stood at 29.5% for the quarter as against 24.1% in Q4 FY 20 (29.3% in Q3 FY 21).

 

 

·         CAMS has reported a consolidated revenue from operations of Rs 705.50 Crore in FY21, an increase of 0.8% YoY from Rs 699.63 Crore in FY 20
 
·         PAT increased by 19.4% YoY to Rs 205.29 Crores from Rs 171.89 Crore in FY20.
 
·         PAT Margin stood at 27.9% for FY 21 as against 23.8% in FY 20 

 

Business Update

 

The Company commenced its journey as a publicly listed company on 1^st October 2020 after its listing on BSE. Subsequently the company’s shares got listed on NSE on May 7^th, 2021.The Stock has been recently added to the MSCI Global Small Cap Index. The Average AUM of CAMS serviced Funds grew to Rs.22.3 Trillion and the company recorded the largest transaction volumes at 86 Million during the quarter.

 

SIP new registrations which were subdued in the first nine months of the year saw an uptick in the last quarter, recording 25 lakh new registrations. CAMS serves all Top 5 Asset Managers in the country and has a market share of ~70%.

 

Commenting on the results, Mr. Anuj Kumar, Whole Time Director & Chief Executive Officer, CAMS Limited, said “We had a satisfactory quarter both in terms of our financial results and in maintaining our strong focus on operational excellence and financial prudence. We have navigated the tough business environment induced by COVID and have ensured that mutual fund investors and clients are not impacted and continue to get high fidelity service. It was a milestone quarter with both AuM and transactions volumes recording new highs.

 

Digital pursuits remained central to empower investors & intermediaries and we launched Aadhaar OTP based eKYC, edge360 mobile app and investor services using AI and ML technologies as new additions to our offering suite. Our digital platforms continued to make significant contribution to the digital adoption momentum in the industry with myCAMS touching the 4 million user base. AIF and PMS digital on-boarding portal is seeing positive market response and will strengthen our value proposition for this segment.”

 

Commenting on new business products and services, Mr. Anuj Kumar explained “Our new products Recon Dynamix and Loan against Mutual Funds continue to gain traction with new clients getting acquired. Account Aggregator platform, NPS Central Record Keeping Agency and Payment Aggregator services are the new areas we are pursuing to expand our business in the emerging financial infrastructure and platform-based services arena.”