CAMS Q4 Results: Consolidated PAT jumps 39% YoY to Rs 103 crore; co declares Rs 16.50/sh dividend
CAMS) reported a consolidated net profit of Rs 103.50 crore for the quarter ended March 31, 2024, a rise of 39% against the profit after tax (PAT) of Rs 74.61 crore posted in the year-ago period. The consolidated revenue from operations rose 24.6% year-on-year (YoY) to Rs 310.46 crore.
The company also recommended a final dividend of Rs 16.50 per share.
The PAT margins for the reported quarter stood at Rs 32.2% while the PAT percentage stood at 32.2%, up 320 basis points YoY.
The net profit for the full financial year stood at Rs 353.64 crore which was a 24% YoY growth while the PAT margins for FY24 stood at 30%. Revenue for the full year stood at Rs 1,136.52 crore, an uptick of 17% YoY.
CAMS, which is a registrar and transfer agent of mutual funds, reported MF revenue growth of 21.1% YoY in Q4 while the non-MF revenue grew of 52.1% YoY.
In this 4 out of the 6 non-MF businesses grew by more than 25% YoY.
The Earnings Before Interest, Taxes, Depreciation and Amortisation witnessed a growth of 31% YoY in Q4.
The company said it won all three new AMC mandates during the year, resulting in a clean sweep: AngelOne, Torus Oro and Unifi Capital. These wins culminate in an aggregate of 5 wins amongst the last 7 open new AMC bids, the company claimed.
CAMS MF AUM stood at Rs 37.2 lakh crore in Q4 FY24, registering a 10% growth QoQ and 33% YoY. The overall market share is at 68%. Out of this, equity AUM stood at Rs 19.3 lakh crore, registering a 49.4% growth YoY.
The results were announced during market hours and the
