India : CAMS, the largest registrar and transfer agent of mutual funds in India (regulated by SEBI), has released its financial outcomes for the quarter and nine months concluding on December 31, 2023.
CAMS Q3 2024 Results Highlights :
- CAMS witnessed an 18.9% year-on-year (YoY) growth in revenue.
- Mutual fund (MF) revenue saw a 14.6% YoY increase.
- Non-MF revenue surged by 59% YoY (41% growth on a constant base, excluding the contribution of Think360.ai).
- Four out of the six non-MF businesses experienced over 20% YoY growth.
- EBIDTA (Earnings Before Interest, Depreciation, Taxes, and Amortization) rose by 19.7% YoY.
- The EBIDTA percentage stood at 44.8%, reflecting a 30 basis points increase YoY.
- Profit After Tax expanded by 21.1%, marking a 40 basis points rise YoY.
Business Highlights :
- CAMS secures the Mutual Fund RTA Mandate of Unifi Capital, marking its fifth win out of the last seven mutual fund mandates.
- CAMS’ Mutual Fund Assets Under Management (AUM) amounted to ₹33.95 trillion, showing a 22% year-on-year growth and capturing a market share of 68.2%.
- CAMS’ Equity AUM reached ₹16.9 trillion, surpassing the industry’s growth rate of 24%.
- CAMS’ Equity AUM market share increased by 140 basis points year-on-year and 40 basis points quarter-on-quarter, reaching 66%.
- CAMS’ Live Systematic Investment Plan (SIP) book grew by 29% year-on-year, outpacing the industry’s growth rate of 19%.
- Two new mutual funds, Helios MF and Zerodha Fund House, were launched during the quarter, with Helios AUM reaching approximately ₹1000 crore.
- A dedicated effort towards expanding Non-MF businesses resulted in a 330 basis points increase year-on-year in the share of Non-MF revenue, reaching approximately 13% of the overall revenue.
- CAMS alternatives experienced a 21% year-on-year growth, with 32 new mandates added, including 4 in Our Mission… Your Growth CAMS GIFT city.
- CAMS KRA continued to enhance its offerings in the Capital markets, acquiring fintech brokerages and wealth advisors as clients, leading to a 129% year-on-year revenue growth.
- CAMSRep ventured into the non-life segment by securing a digital KYC mandate from Oriental Insurance, a collaborative effort between CAMSRep and Think360.
- LIC selected CAMSPay as its exclusive partner for executing customer account authentication.