The shares of a Small-Cap company, which specializes in providing technology-driven services to the asset management industry, jumped upto 3 percent upon signing an agreement with Life Insurance Corporation of India (LIC) through its subsidiary CAMS Insurance Repository Services Limited (CAMSREP).
Price action
With a market capitalization of Rs. 17,079.00 crores on Monday, the shares of Computer Age Management Services Ltd jumped upto 3.17 making a high of Rs. 3518.15 per share compared to its previous closing price of Rs. 3409.90 per share.
What Happened
Computer Age Management Services Ltd, through its subsidiary CAMS Insurance Repository Services Limited (CAMSREP) has signed an agreement with Life Insurance Corporation of India (LIC) to provide Insurance Repository Services.
This partnership allows LIC’s policies to be issued electronically through e-Insurance Accounts (eIA) managed by CAMSREP which is one of the first repositories to receive an IRDAI license, has been transforming the insurance experience digitally and currently services over one crore policies in electronic format.
The company also launched Bima Central, a platform for eIA holders to manage their insurance portfolios as well as avail services from insurers like renewal payment, updation of personal details and raise policy servicing requests, with 4.5 lakh active users and now processing close to 1 lakh service requests per month on this platform.
About the Company
Computer Age Management Services Ltd (CAMS) is a leading provider of technology-driven financial infrastructure services to asset managers, banks, and insurance companies in India. The company offers services such as mutual fund registry, transfer agency, and insurance repository solutions, and it leverages digital transformation to improve customer experiences and enhance operational efficiency.
Key Financial Highlights (Q3FY25)
The company’s Revenue grew by 27.6 percent YoY, with mutual fund (MF) revenue increasing by 28.4 percent and non-MF revenue rising by 22.3 percent. Non-MF revenue now accounts for 12.3 percent of total revenue. EBITDA grew by 34 percent YoY, reaching a 47 percent margin, up 220 basis points. Profit After Tax surged by 40.5 percent, with a profit margin of 32.6 percent, up 280 basis points YoY.
Financials
The company’s revenue rose by 28 percent from Rs. 299.59 crore to Rs. 384.68 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 89.29 crores to Rs. 125.49 crore during the same period.
Written by Sridhar J
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