Computer Age Management Services

“We are at the 16%, almost non-mutual fund proportion of sales. And as we said, our target is to get to 20% within the next couple of years.”

“So we have always said around 3% will be what you will expect. In a good quarter, it will be less than 2.5%. In a reasonable quarter, it will be around 3%.”

“So this is -- there is no big price correction that's happened nor do we expect something large to happen in the next few quarters.”

“In the overall project so far, we've actually taken around INR27 crores to the opex already cumulatively over the period of time.”

“In the past trailing 12 quarters, in most of the quarters, we reported in excess of 20% annual growth in the non-MF business. And we are confident this will continue to happen.”

“So overall, this business, the non-MF business, grew almost 22%. CAMSPay, the payment services cross 6% revenue contribution.”

“CAMS MF AUM, as I said, grew about 12.5%, got to about INR58.5 lakh, 67% market share. But I think what is significant in this is that the equity AUM grew 15.5%.”

“Also, GIFT City retail funds continue to scale with 5 launches that have happen, 2 more, 2 to 3 more will happen in the current quarter. So the AUM crossed INR1,500 crores.”

“On the beyond mutual funds, non-MF revenue contribution grew to just short of 16%, 150 basis points up.”

“our share in equity net sales was upwards of 70%. So that's driven the growth in equity MF AUM above industry.”

“But in the quarter, SIP collections grew 16.5% year-on-year. This is against the industry 12.4% number.”

“SIF new product class, almost 12 of our AMCs have now launched SIFs. Overall AUM at INR20,000 crores. Still early days.”

“On this 10% year-on-year revenue growth, EBITDA increased by 13.5% to almost INR191 crores. Do keep in mind that this INR191 crores is after absorbing a large-scale employee increment, which we had deferred from first quarter to second.”

“Also, there is a component of about INR4 crores, which is -- and we will speak about that in detail, which is cost incurred on the new platform, which is now slowly coming into the P&L.”

“EBITDA margin expanded 140 basis points to 46%.”

“We've continued to grow on falling headcount this year after April. You will continue to see that trend as we progress.”

“So that is an INR8.5 crores impact, which is almost a 2% impact.”

“From a cash position, we ended the quarter with a very comfortable INR900 crores cash position. This is after paying around INR160 crores of dividend during the quarter for the earlier 2 quarters.”

“Under implementation with 20 clients. We believe, of course, this has to scale significantly, maybe 10 to 20x from these 20 clients to become meaningful in our product and business armory.”

“So we will stay with the products right now, Prayesh. We don't want to just start going after everything and then finding we can do nothing.”

“And we've also declared INR3.25 dividend as an interim dividend.”

“And the reason we've shown you quarter-on-quarter revenue growth because in the year-on-year numbers, it was that large fee remission of 20% plus that we have taken in the first quarter.”

“But you guys are aware that there is directionally a possibility that this industry may go heavily into a digital format.”

“Just taking a large LLM or just building a more intelligent SLM on top of it, giving it some instructions and getting the software built is still some distance away.”

“I think that will call for a very large global trend to emerge for something like this to happen. And I don't think the world is ready for that yet.”

“In terms of the larger customers, we will see next year, there is obviously a renewal that is going to happen with a couple of these large customers.”

“Next year, we will see what happens, but we are very confident that our stance will prevail.”

“Broadly, operating revenue at the enterprise level grew 10% year-on-year to become INR415 crores.”

“So 10% revenue growth, 13.5% EBITDA growth, 14.5% PAT growth, that's really the summary of the quarter.”

“InCred AMC appointed CAMS as its MF RTA, a fairly significant win for us. So we get with this from a client count perspective to 32 out of 64 licensed AMCs, you know that at one time.”

“ASK Investments and Carnelian, these 2 went live with their maiden funds during the quarter. And Oaklane and Neo are expected to go live in the coming quarter, which is 3Q.”

“you know that for one of the largest banks in India, we have deployed the PFM module for their banking app, and they're showing now financial wellness and financial scores.”