CAMS profit after tax down 4.6% to Rs 74 cr for quarter ending Dec

Registrar and transfer agent of mutual funds Computer Age Management Services Ltd on Tuesday reported 4.6 per cent drop in profit after tax to Rs 73.72 crore for the three months ended December 2022

technology
Press Trust of India New Delhi
2 min read Last Updated : Feb 07 2023 | 6:27 PM IST

Registrar and transfer agent of mutual funds Computer Age Management Services Ltd (CAMS) on Tuesday reported 4.6 per cent drop in profit after tax to Rs 73.72 crore for the three months ended December 2022.

In comparison, the company had posted a profit after tax (PAT) of Rs 77.31 crore in the year-ago period, CAMS said in a regulatory filing.

The company's revenue grew 2.5 per cent to Rs 243.57 crore in the quarter under review from Rs 237.71 crore in the year-ago period.

Sequentially, the PAT climbed 2.2 per cent and revenue was up 0.5 per cent.

"Our AIF (alternative investment fund) and PMS (portfolio management service) offering...continued to be on an encouraging trajectory with over 17 new client wins. The Account aggregator business is gaining momentum with expanded outreach and superior product positioning," company's Managing Director Anuj Kumar said.

In addition, the company has recommended an interim dividend of Rs 10.5 per share.

The company is the country's largest registrar and transfer agent of mutual funds with an aggregate market share of about 70 per cent based on mutual fund average assets under management (AAUM) managed by its clients and serviced by them.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :CAMSQ3 resultsIT firms

First Published: Feb 07 2023 | 6:27 PM IST

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