Q1 2026 Computer Age Management Services Ltd Earnings Call Transcript
Key Points
- Computer Age Management Services Ltd (BOM:543232) achieved a significant milestone by crossing INR50 trillion in overall assets, with equity assets surpassing INR25 lakh crore.
- The company retained a strong market share of 68% by AuM, with equity assets growing 24%, ahead of the market.
- New SIP registrations increased by 19% year-on-year, with market share jumping by 6 percentage points.
- The company successfully launched three new AMCs, including Jio BlackRock, which garnered INR18,000 crores, marking a significant industry achievement.
- CAMSPay experienced a 26% year-on-year growth, and the payment gateway infrastructure for cards has become operational, promising future revenue growth.
- The KRA business saw contraction due to a smaller number of new accounts being opened for F&O and regular trading.
- There was a 5% decline in yields due to price adjustments with a large account, impacting revenue.
- Non-MF businesses, particularly CAMSPay, experienced a sequential decline in the quarter.
- The Alternatives business showed limited revenue growth despite multiple new logo wins.
- The company anticipates a 9% year-on-year yield depletion due to sharper yield declines in the first quarter.
(audio in progress) as AuM overall expands.
We also briefed you back in January '25 that in a large account, we were trying to do a reset of prices just to bring them at par with the market. And that reset was supposed to last the next three or four quarters. I think the good news is that, that reset is almost complete. Over 90% of what fee remissions, et cetera, we had to give have been given in the fourth and the first quarter.
So what you will see is a very marginal impact going forward and the results that you see, both revenue and bottom line, EBITDA and PAT are after doing almost 90% of the price reset in that large account. There is very little more to come after that.
You're also aware that in the first quarter, we typically take a cost expansion largely led by salary increases, increments and those kind of things, and wherever we have annual maintenance contracts wherever the price goes up. So all that is on the base now, which means all that impact has also been taken from a 1Q
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