Registrar and transfer agent for mutual funds Computer Age Management Services Ltd (CAMS) on Tuesday recorded a 21% increase in profit after tax (PAT) to ₹89 crore for the quarter ended December 2023. The company had posted a PAT of ₹74 crore in the same quarter of the preceding fiscal.
Its revenue rose by 19% to ₹290 crore in the quarter under review from ₹244 crore in the October-December quarter of 2023, CAMS said in a statement.
EBITDA witnessed an increase of 18% to ₹129 crore in the quarter, compared to ₹109 crore in the year-ago period. This led to an improvement in EBITDA margin to 44.5%.
Besides, the Board has also approved the payment of an interim dividend of ₹12 per equity share. The said dividend will be paid to those shareholders as on February 16, 2024, which has been fixed as the 'record date' for determining the members eligible to receive the dividend. The expected date of disbursement of the dividend will be on or before February 29, 2024.
"We had a very satisfactory quarter both in terms of posting strong financial results and in maintaining our deep focus on operational excellence. Revenue growth at 19% and PAT growth at 21% year-on-year is the culmination of robust performance across our revenue streams," said Managing Director Anuj Kumar.
Shares of Computer Age Management Services Ltd were trading 1.43% higher at ₹2,939.70 apiece on the NSE during Tuesday's afternoon deals.
First Published: Feb 6, 2024 2:41 PM IST
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