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Computer Age Management Services: Healthy overall performance

News: Computer Age Management Services reported good set of numbers for Q2FY22 as total income was up 32.9% YoY and 13.1% QoQ to Rs.227.6 crore as asset-based revenue was up 33% YoY and Non-Asset based revenue jumped 42.7% YoY. EBIDTA margin increased from 43.3% to 43.9% QoQ and thus PAT was up 48.2% YoY and 14.7% QoQ to Rs.72.5 crore. AAUM serviced by the company increased by 31.6% YoY to Rs.25.5 lakh crore and it has a market share of 70.0%. Unique investors serviced increased by 14% YoY and 8% QoQ to Rs.1.84 crore during the quarter.

Views: We opine, CAMS has put forward strong performance as market share has been retained at 70%, while we also believe new product launches to remain positive driver for future growth.