Q3 2026 Computer Age Management Services Ltd Earnings Call Transcript
Key Points
- Computer Age Management Services Ltd (BOM:543232) reported a solid quarter with enterprise revenue growing 5.5% year-on-year and 3.6% quarter-on-quarter.
- Non-Mutual Fund (MF) revenue grew over 24% year-on-year, surpassing the company's target of 20% growth.
- The company's absolute EBITDA reached its highest ever at INR179 crores, despite absorbing labor code adjustments.
- Market share in equity assets increased from 60% to 66.4%, indicating a significant share gain.
- CAMS KRA and CAMSPay showed strong performance, with CAMSPay's base business growing 24% and the payment gateway business contributing to a 59% overall growth.
- The company faces potential impacts from regulatory changes, such as the loss of 5 basis points exit load, which could lead to renegotiation of contracts.
- There is a slowdown in account opening momentum in broader capital markets, affecting CAMS KRA's growth.
- Despite strong growth in non-MF revenue, the current margin run rate for non-MF business is only 13%, indicating room for improvement.
- The competitive intensity in acquiring new AMC clients remains high, which could impact pricing and profitability.
- The company is cautious about the impact of potential regulatory changes on the KRA business, which could affect pricing and revenue.
Ladies and gentlemen, good day, and welcome to Computer Age Management Services Q3 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Nikunj Seth. Thank you, and over to you, sir.
Thank you, Reena. Good morning, everyone. Welcome to Q3 and nine months FY26 earnings conference call of Computer Age Management Services Limited. From the management today, we have with us Mr. Anuj Kumar, MD and CEO; Mr. Ram Charan, CFO; and Mr. Anish Sawlani, Head, Investor Relations.
Before we proceed to the opening remarks, I would like to give a small disclaimer that this conference may contain certain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on date. These statements are not guarantees of future performance and involve risks and uncertainties, which are difficult to predict. A detailed disclaimer has been published in the investor presentation.
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