CAMS September Quarter Outcomes: Revenue after tax jumps 48% to Rs 72.5 crore

CAMS September Quarter Outcomes: Revenue after tax jumps 48% to Rs 72.5 crore

CAMS, which acts as a registrar and switch agent for mutual funds, has reported a 48 per cent bounce in revenue after tax to Rs 72.56 crore for the three months ended September 2021.

As compared, the corporate had a revenue after tax (PAT) of Rs 48.95 crore within the corresponding interval final 12 months, in keeping with a press release.

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Its revenues from operations throughout July-September 2021 jumped 33 per cent to Rs 227.60 crore, from Rs 171.14 crore crore within the year-ago interval.

“Retail traders’ confidence continues to be optimistic, evident within the mega NFOs (new fund affords), sturdy web flows into fairness belongings, report excessive SIP (systematic funding plan) registrations and inflows. All of those led to our transaction volumes contact historic highs throughout the quarter,” the corporate’s Chief Government Officer Anuj Kumar stated.

He added that progress in common belongings underneath administration (AAUM) was pushed primarily by fairness belongings and the corporate has retained its management place with a market share of almost 70 per cent based mostly on the quarterly AAUM.

The corporate’s board of administrators has beneficial second interim dividend of Rs 9.5 per fairness share.

CAMS (Pc Age Administration Companies) is a technology-driven monetary infrastructure and providers supplier to mutual funds and different monetary establishments, with over 20 years of expertise.

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