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Results
08-Aug-22
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Analysis
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Computer Age Management Services
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Market share stable, higher employee and other expense impacts bottomline
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Computer
Age Management Services has recorded moderate 2% growth in the net profit to Rs
64.78 crore in the quarter ended June 2022 (Q1FY2023). Net sales increased
17.63% to Rs 236.65 crore.
Operating
profit margin has declined from 46.17% to 41.36%, leading to moderate 5.36%
rise in operating profit to Rs 97.87 crore. Employee cost increased from 35.98%
to 39.41%. Other expenses rose from 17.84% to 19.23%. Other direct service cost
rose from 9.53% to 11.30%.
Other
income fell 1.77% to Rs 4.44 crore. PBIDT rose 5.03% to Rs 102.31 crore. Provision
for interest fell 1.67% to Rs 1.77 crore.
PBDT
rose 5.16% to Rs 100.54 crore. Provision for depreciation rose 28.34% to Rs
13.63 crore.
Profit
before tax grew 2.26% to Rs 86.91 crore. Share of profit/loss were nil in both
the periods. Provision for tax was expense of Rs 22.3 crore, compared to Rs
21.75 crore. Effective tax rate was 25.66% compared to 25.59%.
Minority
interest was nil in both the periods. Net profit attributable to owners of the
company increased 2.44% to Rs 64.78 crore.
Promoters’
stake was 23.74% end June 2022 compared to 30.96% end June 2021.
Business
highlights:
Mutual
Funds: CAMS saw a 2.6% increase in Equity QAAuM despite the headwinds. Overall QAAUM
saw a marginal decline of 1.6%. CAMS share in key metrics (SIP registration and
Net sales) also improved QoQ. Retained market leadership with 69% share.
Alternative
Services: Continued high growth trajectory. CAMS WealthServ, the digital
onboarding platform for this segment was well received by the market with 40+
signups since launch.
CAMS
NPS: CAMS launched the industry first CRA platform on cloud in March 2022. eNPS
is live and POP & corporate are in pilot phase. Within a short span of
time, achieved 10.3% share in new eNPS sales and #2 CRA position in eNPS
industry in Q1 FY’23
CAMSFinserv:
Account aggregator platform recorded 10+ wins in the quarter taking overall tally
to over 20 signups. CAMSfinserv mobile app has over 12K downloads and is the
most downloaded AA app.
CAMSREP:
PolicyGenie Deep Contact Tracing Solution, uniquely offered by CAMS Insurance Repository,
assisted leading insurance companies in closing INR 31 Cr. of unclaimed
benefits in Q1. CAMSRep`s Digital solutions and Insurance repository services
have significantly improved overall policyholder experience by refining
contact-ability and policy benefit continuity.
MFCentral:
Solidifies CAMS’s role in the MF ecosystem by providing 360o range of services
to investors and distributors.
myCAMS
crossed 5.25 Mn user base. Largest MF only App in India
Commenting
on the performance, 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 buoyant equity net inflows supported by
predictable, strong SIP collections of nearly Rs.7000 Crore every month. New
SIPs clocking 10 lakh plus monthly registrations is another key trend pointing
to mutual fund as the preferred route for long term investors. Our share in AuM
is at a robust 69 % serving ten of the top fifteen mutual funds. Our equity
AuM, despite the headwinds in the markets, expanded by ~2.6% quarter on quarter
while our overall AuM saw a marginal decline of ~1.6%.
Our
technology enhancements were focused on combining modern APIs, 360o digital
solutions and platform capability for solving industry problems around eKYC
& AML and to enable superior customer experience. Customer onboarding
platform Wealthserv for Alternatives Industry is seeing rapid adoption with
over forty enterprise signups. MF Central, the universal MF platform is
expanding with new feature sets for investors and APIs for intermediaries to
manage their operations and grow their business.
The
Account Aggregator business, CAMSfinserv, is seeing active momentum in areas of
new client acquisition and onboarding (on the platform) wins of the previous
quarter, for live datapulls. Lending companies and broking houses are seeing
compelling value in the platform for their digital transformation strategy.
We
completed the first full quarter for the NPS CRA business launched with eNPS
module. We have built visibility and awareness on the back of digital marketing
and registered ~8000 subscribers in the quarter. CAMS NPS has now over 10%
market share of the new eNPS sales in the industry.
As the
leading payments provider in the Mutual Funds arena, CAMSPay continues to
expand its offering to our clients with UPI Autopay, an industry-first launch
in partnership with NPCI.”
Financial Performance FY2022
Net sales have increased 28.94% to
Rs 909.67 crore in FY2022. Operating profit margin has jumped from 41.96% to 46.62%,
leading to 43.29% rise in operating profit to Rs 424.13 crore in FY2022. Employee
cost decreased from 37.19% to 35.37%. Other expenses fell from 20.85% to
18.01%. Other direct service cost fell from 11.15% to 10.22%.
Other income fell 41.97% to Rs 17.27
crore. PBIDT rose 35.50% to Rs 441.4 crore. Provision for interest fell 9.75%
to Rs 7.13 crore. Loan funds rose to Rs 19.57 crore in FY2022 from Rs 14.61
crore in FY2021. Sundry debtors were lower at Rs 25.55 crore in FY2022 compared
to Rs 28.99 crore in FY2021. Cash and bank balance declined from Rs 180.26
crore in FY2021 to Rs 150.81 crore in FY2022. Investments rose to Rs 316.95
crore in FY2022 from Rs 236.07 crore in FY2021.
PBDT rose 36.62% to Rs 434.27 crore.
Provision for depreciation rose 18.91% to Rs 51.62 crore. Fixed assets
increased to Rs 180.66 crore in FY2022 from Rs 150.42 crore in FY2021. Intangible
assets stood at Rs 133.60 crore.
Profit before tax grew 39.42% to Rs
382.65 crore. Share of profit/loss were nil in both the periods. Provision for
tax was expense of Rs 95.7 crore, compared to Rs 69.16 crore. Effective tax
rate was 25.01% compared to 25.20%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company increased 39.78%
to Rs 286.95 crore.
Computer Age
Management Services : Consolidated Results
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Particulars
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2206 (3)
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2106 (3)
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Var.(%)
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2203 (12)
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2103 (12)
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Var %
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Net Sales
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236.65
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201.18
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18%
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909.67
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705.50
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29
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OPM (%)
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41.36
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46.17
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-481
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46.62
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41.96
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OP
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97.87
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92.89
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5%
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424.13
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296.00
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43
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Other Inc.
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4.44
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4.52
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-2%
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17.27
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29.76
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-42
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PBIDT
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102.31
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97.41
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5%
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441.40
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325.76
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35
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Interest
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1.77
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1.80
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-2%
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7.13
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7.90
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-10
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PBDT
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100.54
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95.61
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5%
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434.27
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317.86
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37
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Depreciation
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13.63
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10.62
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28%
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51.62
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43.41
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19
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PBT
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86.91
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84.99
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2%
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382.65
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274.45
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39
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Share of Profit/(Loss)
from Associates
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0.00
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0.00
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-
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0.00
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0.00
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-
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PBT before EO
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86.91
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84.99
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2%
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382.65
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274.45
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39
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EO Income
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0.00
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0.00
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-
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0.00
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0.00
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-
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PBT after EO
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86.91
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84.99
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2%
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382.65
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274.45
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39
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Taxation
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22.30
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21.75
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3%
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95.70
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69.16
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38
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PAT
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64.61
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63.24
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2%
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286.95
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205.29
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40
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Minority Interest (MI)
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-0.17
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0.00
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-
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0.00
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0.00
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-
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Net profit
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64.78
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63.24
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2%
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286.95
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205.29
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40
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EPS (Rs)*
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53.0
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51.7
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58.6
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42.0
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* Annualized on
current equity of Rs 48.93 crore. Face Value: Rs 10 per share, Figures in Rs
crore
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Source: Capitaline Corporate
Database
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Previous News |
CAMS fixes record date for interim dividend
(
Market Beat
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Reports
06-Feb-24
15:42
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Computer Age Management Services consolidated net profit rises 2.44% in the June 2022 quarter
(
Results
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05-Aug-22
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Computer Age Management Services consolidated net profit rises 17.85% in the June 2023 quarter
(
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CAMS fixes record date for dividend
(
Market Beat
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Reports
05-Aug-22
14:19
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Computer Age Management Services schedules board meeting
(
Corporate News
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04-Oct-22
10:57
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CAMS wins "Cloud Innovator of the Year" award
(
Corporate News
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21-Nov-22
11:20
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CAMS fixes record date for interim dividend
(
Market Beat
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Reports
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Computer Age Management Services consolidated net profit rises 37.03% in the December 2021 quarter
(
Results
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10-Feb-22
15:09
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CAMS Q1 PAT rises 59% YoY to Rs 63 cr
(
Hot Pursuit
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10-Aug-21
14:50
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Computer Age Management Services consolidated net profit rises 21.12% in the December 2023 quarter
(
Results
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Announcements
06-Feb-24
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