Insurance

Computer Age Management Services Q4 PAT rises 23% To Rs 74 Crore

Computer Age Management Services Q4 PAT rises 23% To Rs 74 Crore
Written by Arindam
Computer Age Management Services Q4 PAT rises 23% To Rs 74 Crore

Computer Age Management Services Q4 PAT rises 23% To Rs 74 Crore

CAMS is a technology-driven financial infrastructure and services provider.

New Delhi:

CAMS (Computer Age Management Services), which acts as a registrar and transfer agent to mutual funds, on Thursday reported a 23 per cent surge in its consolidated profit after tax at Rs 73.84 crore in quarter ended March.

In comparison, it had a profit after tax (PAT) of Rs 60.13 crore in the year-ago period, according to a statement.

The company’s revenue rose by 22 per cent to Rs 243.18 crore in the quarter under review from Rs 199.77 crore in the same period a year ago.

“We had a satisfactory quarter both in terms of our financial results and in maintaining our strong focus on operational excellence and financial prudence. Long term retail and HNI mutual fund investors’ confidence continued to remain strong and we saw new highs in transaction volumes on the back of solid equity inflows, SIP (systematic investment plan) inflows and new SIP registrations during the quarter,” the company’s CEO Anuj Kumar said.

The company’s digital platforms continued to make significant contribution to the digital adoption momentum in the mutual fund industry with myCAMS touching five million user base and MF Central processing over two lakh non-financial service requests with a complete digital flow, he added.

For the full financial year 2021-22, CAMS clocked a PAT of Rs 286.95 crore, a jump of 40 per cent from the preceding fiscal. Its revenue stood at Rs 909.67 crore, a growth of 29 per cent from FY 2020-21.

CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions, with over two decades of experience.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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Arindam

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