Computer Age Management Services Ltd. (CAMS) on Wednesday reported a 15 per cent increase in the profit after tax (PAT) at Rs 48.95 crore for the quarter ended September 30. According to a statement, it had a PAT of Rs 42.61 crore in the year-ago quarter.
The company’s profit in the June quarter of ongoing fiscal stood at Rs 39.80 crore. However, its total revenue declined to Rs 176.21 crore as on September 30, from Rs 179.55 crore. Revenue from operations during the September quarter dropped to Rs 171.14 crore from Rs 173.83 crore in the previous year quarter, said CAMS. 
“Despite the volatility in the markets and pandemic situation, company results for the quarter are quite satisfactory,” said Anuj Kumar, CEO, CAMS. 
According to Kumar, Despite of being volatility in the markets and disruption due to the Covid-19 pandemic, assets under management (AUM) of Mutual Funds with exception of equity assets have come back to pre-Covid levels and the Mutual Fund (MF) industry continues to attract new investors. 
Assets serviced by the company, which acts as a registrar and transfer agent for mutual funds is at 70 per cent of the average assets base of the MF industry. CAMS has also announced an interim dividend of Rs 6.75 per equity share.