CAMS Q1 FY27: EBITDA Surges 18% to ₹183 Cr, Driven by Non-MF Growth
CAMS reported a record Q1 FY27 EBITDA of ₹183 crore, up 18.3% YoY. Revenue grew 11.5% to ₹395 crore, driven by 28%+ growth in non-MF businesses. EBITDA margin expanded 270 bps to 46.4%. The company expects 20%+ growth in non-MF revenue for FY27 and maintains a target of less than 10% overall cost increase.
The strong financial results, record EBITDA, margin expansion, and positive outlook on diversified business segments are likely to have a significant positive impact on investor sentiment and the company's valuation.
The company reported its highest-ever EBITDA, significant margin expansion, and strong growth in non-MF businesses, indicating a positive financial performance and strategic execution.
Computer Age Management Services Limited (CAMS) reported a strong Q1 FY27 performance, with EBITDA growing 18.3% year-on-year to ₹183 crore, marking a highest-ever figure. This growth was achieved despite muted Asset Under Management (AUM) expansion, indicating effective cost management and strategic business diversification.
The company's operating EBITDA margin expanded by 270 basis points to 46.4%, nearing its historical high. Operating revenue grew 11.5% to ₹395 crore. A key driver of this growth was the non-Mutual Fund (non-MF) businesses, which collectively grew over 28%. The company anticipates non-MF revenue to grow upwards of 20% for the full year.
CAMS is strategically expanding its offerings, including the cards business, Alternative Investment Funds (AIFs), and KRA operations in GIFT City. The company is also applying for a payment service provider license. New logo acquisition remains strong, with several large Asset Management Companies (AMCs) expected to go live soon.
In the MF segment, AUM grew by nearly 15% year-on-year to ₹56 lakh crore, with market share stable at 67.2%. Equity AUM, net sales, and SIP counts all grew ahead of the industry. The company is also seeing traction in new initiatives like GIFT City Retail and Systematic Investment Facility (SIF), which collectively manage significant AUM.
Financially, the company ended the quarter with a cash balance of ₹980 crore and declared an interim dividend of ₹2.5 per share. Management reiterated its focus on cost control, with employee cost growth targeted at around 5% year-on-year, supported by automation and productivity improvements. The company expects overall cost increase to be less than 10% for the year.
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