Q4 2024 Computer Age Management Services Ltd Earnings Call Transcript
Key Points
- Computer Age Management Services Ltd (BOM:543232) reported a strong quarter with the highest performance in many years.
- The mutual fund AUM scaled sharply to INR37.2 trillion, marking a 10% quarterly growth and 33% year-on-year growth.
- The company's equity AUM, representing the retail part of the franchise, grew almost 50%, indicating high profitability.
- Non-mutual fund businesses saw significant growth, with a 52% year-on-year increase in revenue.
- Overall EBITDA grew by 31% year-on-year, with an EBITDA percentage of 46.1%, indicating strong operational efficiency.
- Despite the strong performance, there is an expectation of potential moderation in profit margins in the coming quarters due to the annual appraisal cycle.
- The insurance repository business faces challenges as the current regulations do not mandate storing policies in Demat accounts, potentially slowing consumer transition.
- The non-mutual fund business, while growing, still contributes a smaller share to overall revenue, indicating a need for further diversification.
- There is a risk of pricing volatility in non-mutual fund segments due to competitive pressures and market dynamics.
- The company faces ongoing challenges in maintaining yields in the mutual fund business, with a noted 2.3% sequential decline in yield despite AUM growth.
Ladies and gentlemen, good day, and welcome to the Q4 FY24 earnings conference call of Computer Age Management Services Limited hosted by Orient Capital. (Operator Instructions)
I now hand the conference over to Ms. Shiwani Karwat from Orient Capital. Thank you, and over to you, miss.
Hi, good morning, everyone, welcome to the Q4 FY24 earnings conference call for Computer Age Management Services Limited. As mentioned today from the management we have with us Mr. Anuj Kumar, Managing Director; Mr. Ramcharan SR, CFO; and Mr. Anish Sawlani, Head Investor Relations.
Before we proceed to start the call, I would like to give a small disclaimer that this conference call may contain 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 also been published in the investor
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