Revenue from operations rose 2.5% to Rs 249.24 crore in Q4 FY23 as against Rs 243.18 crore reported in the same period last year.

Profit before tax decline marginally to Rs 98.54 crore in the fourth quarter of FY23 as compared to Rs 98.94 crore posted in Q4 FY22.

Average assets under management (AAUM) of CAMS funds stood at Rs 28 lakh crore in Q4FY23, up 5.1% YoY.

The company said that the equity asset trend in CAMS serviced funds is encouraging, with share of equity AUM seeing a 0.5% scale-up from 64.8% to 65.3%. This came on the back of equity net sales market share rising steeply by approximately 10% points from 63.7% to 73.3%.

The firm's alternative services vertical continued its high growth trajectory, recording around 21% YoY growth in revenue in Q4 FY23 & a 26% overall growth in FY23.

On full year basis, the company's consolidated net profit fell marginally to Rs 285.25 crore in FY23 from Rs 286.95 crore recorded in FY22. Revenue grew by 6.8% YoY to Rs 971.83 crore during the financial year ended March 2023.

Anuj Kumar, managing director, said, “We maintained our strong focus on operational excellence for the long term with continued investments in technology and people. Despite the volatile market situation, individual investor confidence remained high with stable equity net inflows supported by predictable, strong SIP collections of nearly Rs 8500 crore every month. Our new SIPs, clocking 13.5 lakh plus monthly registrations, constitute a key trend, pointing to mutual funds being the preferred route for long-term investors.

As the leading platform and services partner to the Alternatives segment, we are constantly looking to deliver technology-led transformation to improve customer experience and ease business processes. We are excited and encouraged by the market's response to CAMS WealthServ with over 20% of new investors being onboarded digitally over the past quarter. We are now preparing to release WealthServ 2.0 with augmented features & capabilities.

CAMSPay received its In-Principal approval from RBI as a Payment Aggregator, and this demonstrates our deep commitment to this business. We have been expanding our industry presence within the BFSI space and have logged an unprecedented number of new merchant additions.

The Account Aggregator business, CAMSFinserv, is seeing active momentum in the areas of new client acquisition and Go-lives. Lending companies and broking houses are seeing compelling value in the platform for executing their digital transformation strategy.”

Meanwhile, the company's board has recommended a final dividend of Rs 12 per equity share. The record date for the same is fixed on 15 August 2023 and the dividend, if approved, will be disbursed on or before 10 September 2023.

Computer Age Management Services (CAMS) is a financial infrastructure and service provider to mutual funds and provides platform-based services to other financial institutions. The company is India's largest registrar and transfer agent of mutual funds with an aggregate market share of 68.3% based on mutual fund average assets under management (AAUM).

Shares of Computer Age Management Services were down 0.97% to Rs 2,053.50 on the BSE.