CAMS Q2 Results: Profit rises 17% to Rs 84.5 crore
CAMS Q2 Results: CAMS, which acts as a registrar and transfer agent for mutual funds, reported a 17.1 per cent surge in net profit to Rs 84.51 crore for three months ended September 2023.
CAMS Q2 Results: CAMS, which acts as a registrar and transfer agent for mutual funds, on Wednesday reported a 17.1 per cent surge in net profit to Rs 84.51 crore for three months ended September 2023. In comparison, the company had a Profit After Tax (PAT) of Rs 72.14 crore in the corresponding period last year, according to a statement.
Its revenues during July-September 2023 rose 13.5 per cent to Rs 275.08 crore, from Rs 242.37 crore in the year-ago period.
"The second quarter was marked by historic highs and key milestones across multiple operating dimensions, for mutual funds serviced by CAMS. Our overall assets under service touched a life-time high of Rs 32.6 lakh crore and our market share remained steady at 68.5 per cent.
"Individual investors' participation remained vigorous and we added a record 16 lakh investors to our base to touch 2.83 crore unique investors," the company's managing director Anuj Kumar said.
The company's board of directors has recommended an interim dividend of Rs 10 per equity share.
For the half-year ended September 30, the company logged a PAT of Rs 160.85 crore, a growth of 17.5 per cent year-on-year, and registered a revenue of Rs 536.38 crore for the April-September period of the current financial year, grew 12 per cent year-on-year.
CAMS (Computer Age Management Services) is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions, with over two decades of experience.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
02:44 PM IST