Computer Age Management Services Ltd. (CAMS), the transaction processing and customer care service provider approved an interim dividend of ₹10 per share along with its September quarter results. This is the third instance of the company declaring dividend in calendar year 2023.
Record date for this interim dividend has been fixed as November 17, 2023. A record date means those shareholders, who have shares of the company as of that particular date would be eligible for the dividend payout.
The disbursement of the dividend will be done on or before November 30, 2023, the company said in an exchange filing.
Previously, the company had declared a dividend of ₹20 in August, and another ₹10.5 per share in February this year.
For the September quarter, the company reported a net profit of ₹84 crore, which was 11% higher compared to the June quarter. Revenue also grew by 5% sequentially to ₹275 crore.
Operating profit or EBITDA also increased 11% quarter-on-quarter to ₹122 crore, while EBITDA margin expanded by over 200 basis points to 44.4% from 42.1% in June.
Shares of Computer Age Management Services are trading 1.4% higher post the earnings announcement at ₹2,440. The stock has risen 11% so far in 2023.
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