CAMS Q4 Review - Base Business Steady; New Products To Add Gradually: ICICI Direct
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ICICI Direct Report
Computer Age Management Services Ltd. posted a steady set of numbers in terms of business growth, which was in line with industry.
A similar performance was reflected in its topline growth while cost controls and reduced tax boosted bottom line.
For the company, average assets under management serviced increased 19.2% YoY, 7.3% QoQ to Rs 22.3 lakh crore, largely in line with the industry AAUM growth of 18.9% YoY.
Equity AAUM increased 18.5% YoY, 12.1% QoQ to Rs 7.9 lakh crore (calculated) while debt AAUM surged 19.6% YoY to Rs 14.4 lakh crore.
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