CAMS Q3 FY26: Revenue Up 5.5%, EBITDA Hits Record ₹179 Crore
CAMS reported a record EBITDA of ₹179 crore for Q3 FY26, a 5.5% year-on-year revenue growth. Non-MF revenue surged over 24% QoQ. AUM crossed ₹55 lakh crore, with equity AUM at ₹30 lakh crore. SIP registrations grew 18% to 1.6 crore, and collections reached ₹56,000 crore. The company declared a ₹3.5 dividend.
The record EBITDA, strong growth across key business segments (MF and non-MF), and strategic business integrations (like KRA) indicate a significant positive impact on the company's financial health and market position.
The company reported record EBITDA, strong revenue growth in both MF and non-MF segments, and significant growth in AUM and SIPs. The dividend declaration and improved profit margins further contribute to a positive sentiment.
Computer Age Management Services Limited (CAMS) reported a solid performance for the third quarter of fiscal year 2026, with enterprise revenue growing 5.5% year-on-year. The company's quarter-on-quarter revenue growth was a robust 3.6%, while non-mutual fund (MF) revenue saw a significant increase of over 24% quarter-on-quarter, exceeding the company's target of over 20% growth.
Absolute EBITDA reached a record high of ₹179 crore, surpassing the previous record of ₹173 crore in the same quarter last year. This achievement was realized despite absorbing a one-time labour code adjustment cost of approximately ₹2.5 crore to ₹3 crore. Profit after all costs climbed to 46%, up from around 43.5% three quarters prior, reflecting improved productivity and efficiency.
In the mutual fund segment, Assets Under Management (AUM) crossed ₹55 lakh crore, with a market share maintained at 68%. Equity assets alone exceeded ₹30 lakh crore, with CAMS' market share in this segment rising to 66.4%. Equity net sales stood at ₹84,000 crore, with a market share of 71%. New SIP registrations were strong at 1.6 crore, a 18% increase year-on-year, and SIP collections grew 20% year-on-year to approximately ₹55,000 crore to ₹56,000 crore in the quarter.
The non-MF segment contributed 14.5% to revenue. The integration of NSE's KRA business was completed, adding over 1 million investors and positioning CAMS as the second-largest KRA. CAMSPay showed strong performance, with its base business growing 24% year-on-year, and the overall business including the Payment Gateway (PG) segment growing 59%. Alternatives revenue grew 16% year-on-year, with AUM exceeding ₹3 lakh crore. CAMSRep revenue increased by 15% in the third quarter, crossing 1 crore eIAs and 1.3 crore policies.
Financially, asset-based revenue grew 3.8% quarter-on-quarter, returning to historical growth equations. Yield depletion was better than guided, at less than 1.5% quarter-on-quarter. The company declared a dividend of ₹3.5 per share, maintaining its policy of distributing 65% of profits. Return on Capital Employed (ROCE) remained impressive at close to 40%. The management expressed confidence in continued growth, particularly in the non-MF segment, targeting 25-30% EBITDA for this segment in the coming years and a ₹500 crore book within five years.
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