Computer Age Management Services (CAMS) investor relations material

Executive summary

• EBITDA grew 18.3% year-over-year to INR 183 crore, with PAT up 17.3% to INR 128 crore, marking record profitability despite muted AUM growth and challenging market conditions.

• Operating revenue increased 11.5% year-over-year to INR 395 crore, driven by both mutual fund and non-mutual fund business expansion.

• Maintained mutual fund market share at 67.2%, with equity AUM and SIP metrics outperforming industry growth and unique investor base up 16.8% year-over-year.

• Unaudited standalone and consolidated financial results for Q1 FY27 were approved, with statutory auditors issuing unmodified limited review reports.

• Interim dividend of INR 2.5 per share declared, with record date August 12, 2026, and disbursement by August 30, 2026.

Financial highlights

• EBITDA margin expanded by 270 bps year-over-year to 46.4%, with PAT margin rising to 31.1%.

• Non-mutual fund revenue grew 28.4% year-over-year, now contributing 14.9% of total revenue.

• Cost increase was kept below 7% year-over-year (excluding depreciation), with headcount reduced by over 200 quarter-over-quarter and 85 year-over-year.

• Cash and cash equivalents stood at INR 971.45 crore as of June 30, 2026.

• Standalone and consolidated net profit for Q1 FY27 were INR 12,181.36 lakhs and INR 12,709.52 lakhs, respectively.

Outlook and guidance

• Blended revenue growth expected at 13% and EBITDA growth at 16% for FY 2027, with non-mutual fund revenue guided at 20%+ and mutual fund revenue at 12%.

• Employee cost growth targeted at 5% year-over-year, with overall cost increase capped at 10% for the next 2-3 years.

• PAT margin expected to remain around 30-31%.

• Acquisition of additional 20.91% in Think Analytics India Private Limited for INR 17.73 crore to close by September 2026, supporting BFSI sector digital solutions expansion.

• Continued focus on revenue diversification, digital transformation, and AI-led initiatives.