CAMS Q4 profit rises 38.5% to Rs 103 crore

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NEW DELHI: Registrar and switch agent for mutual funds CAMS on Thursday reported a 38.5 per cent surge in profit after tax to Rs 103 crore for 3 months ended March this yr, pushed by strong efficiency throughout the enterprise streams. In comparability, the corporate had posted a profit after tax (PAT) of Rs 74.36 crore within the year-ago interval, Computer Age Management Services Ltd (CAMS) stated in an announcement.
Its income grew 24.6 per cent to Rs 310.46 crore in January-March of the monetary yr 2023-24 (FY24) from Rs 249.24 crore a yr in the past.
“We had an excellent quarter in terms of posting strong financial results, with quarterly revenue and PAT growing at 24.6 per cent and 38.7 per cent YoY (year-on-year).
“All these numbers are a end result and deep vindication of sturdy efficiency throughout our income streams and are reflective of deep enterprise and operational focus of our groups,” Anuj Kumar, Managing Director of CAMS, stated.
The firm stated that revenues from the mutual fund enterprise rose 21 per cent YoY, whereas that from non-mutual fund streams surged 52 per cent YoY.
For the complete monetary yr 2023-24, the corporate’s PAT stood at Rs 353.64 crore, marking a 24 per cent YoY development and revenues had been at Rs 1,136.52 crore in FY24, up 17 per cent from the previous fiscal.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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