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2 mins read . 10 May 2024 . 12:57 PM
Computer Age Management Services Limited, a mutual fund transfer agency, on Thursday, reported its Jan-Mar earnings for FY24. The company’s consolidated net profit before tax surged 36.55% on year to 134.56 crore rupees against 98.54 crore rupees in Q4 FY23. The surge in the net profit was driven by robust performance across the business streams.
Sequentially, the company’s revenue for the Q4 FY24 rose to 24.6% to 310.46 crore rupees from 249.24 crore rupees a year ago.
Anuj Kumar, Managing Director of CAMS, in his comments, said, "All these numbers are a culmination and deep vindication of robust performance across our revenue streams and are reflective of the deep business and operational focus of our teams".
The company’s revenue from the mutual funds business rose to 21% on year, while that from non-mutual fund streams surged 52% Y-o-Y.
Computer Age Management Services is a financial infrastructure and service partner to the asset management industry that provides platform-based service to the Banking, Financial Services and Insurance (BFSI) segment. It is one of India's largest agents of mutual funds with a market share of 68.1% based on mutual fund average assets under management (AUM).