ADVERTISEMENT

CAMS Q4 Review - Base Business Steady; New Products To Add Gradually: ICICI Direct

CAMS Q4 Review - Base Business Steady; New Products To Add Gradually: ICICI Direct

Employees work at computers at a brokerage firm in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)
Employees work at computers at a brokerage firm in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Direct CAMS Q4FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.