CAMS posts strong Q4 FY`26 performance with 11% YOY revenue growth and 46.5% EBITDA Margine
Computer Age Management Services Limited (CAMS), India’s largest registrar and transfer agent for mutual funds and a SEBI-regulated entity, and a leading provider of platform-based financial infrastructure and services to the BFSI sector, has announced its financial results for the quarter ended 31 March 2026.
Financial Highlights
The Company reported its highest ever quarterly revenue in Q4 FY’26, fuelled by strong performance in its non-MF business portfolio, which recorded a 24.5% Y-o-Y growth
Enterprise revenue increased 11% Y-o-Y (up 1.3% Q-o-Q), while the MF business demonstrated resilience amid a challenging external environment, with the segment revenues remaining stable on a Q-o-Q basis
Improved operational efficiency and a significant ramp-up in automation initiatives helped absolute EBITDA reach an all-time high of Rs 183.66 Cr. EBITDA margin was at a healthy 46.5%
Mutual Funds
CAMS AuM was at ?55.1 lakh Cr. in Q4FY’26, retaining market leadership with ~68% market share and delivering 21% Y-o-Y growth, in line with the industry. Overall Active assets grew ahead of industry
Equity assets surged to an all-time high of ?30.5 lakh Cr. improving share to a record 67.0%, up 90 bps Y-o-Y, growing faster than the industry. Equity net sales stood at ?1,01,294 Cr., driving share in this segment to 76.3% from 71% the previous quarter
New SIP registrations reached 1.26 Cr. in Q4FY’26, reflecting a strong 46% Y-o-Y growth, outpacing the industry growth of 37%. Annual SIP registrations in FY’26 hit 4.7 Cr., up 17% over FY’25 - nearly double the industry growth of 9%
SIP collections crossed the ?20,000 Cr. milestone in March, increasing 24% Y-o-Y to reach ?58,889 Cr. for Q4FY’26. Live SIPs expanded 17% Y-o-Y compared with 4% for the industry, resulting in share increasing to 64.1% from 57.0% in the previous year
CAMS unique investor base crossed 4.76 Cr. during the quarter, registering a 18% Y-o-Y growth and outpacing industry growth of 13%
CAMS added Oaklane Capital LLP and Neo Investments Value Advisors Pvt. Ltd. as MF RTA clients, reinforcing its strategy of building a high?quality, institution?led MF RTA franchise. The total number of MF RTA clients now stands at 31
Transaction volumes for FY’26 reached 107 Cr., registering a strong 20% Y-o-Y growth
During the quarter, 4 SIFs launched their maiden funds, taking the total number of SIFs serviced to 6. A strong pipeline remains in place, with 8 additional SIF launches expected over the coming months
Retail fund launches in GIFT City gained momentum. CAMS-serviced GIFT City Retail Fund AuM now stands at US $35.3 Mn
Beyond Mutual Funds
Non-MF Revenue contribution to enterprise revenue increased to 15.3% in Q4FY’26, underscoring the company’s decisive progress in building a balanced, diversified portfolio beyond core MF operations
CAMSPay sustained its robust growth trajectory, delivering 22.8% Y-o-Y revenue growth in Q4FY’26. The onboarding of 20+ new clients further cemented business momentum
CAMS Alternatives achieved a strong quarter, with revenue up 25.4% Y-o-Y in Q4FY’26. With AUM crossing 3.1 Lakh Cr. (commanding 50%+ share of outsourced market), CAMS reinforced its dominance in the Alternatives market, winning 44 new mandates, including 14 marquee new logos
CAMS KRA delivered 28% Y-o-Y revenue growth despite industry-wide headwinds impacting new account openings. The addition of two major broking houses during the quarter further strengthened its market positioning
CAMSRep delivered a 6% Y-o-Y revenue growth, supported by new client acquisitions and increasing active user engagement. Bima Central doubled its active user base, adding 12.6 lakh in FY’26, while maintaining a commanding 40% IR market share
ConsenPro, a consent lifecycle management platform jointly developed by CAMS and Think360, is being shaped to address specific industry?wide consent management challenges, with early engagement from BFSI and enterprise clients as organizations navigate evolving DPDPA compliance requirements
ReArch and AI
* CAMS multiyear platform re architecture has begun to deliver meaningful outcomes, driving improved operational efficiency and supporting revenue growth on a near flat headcount, reflecting benefits of sustained technology investments over the past two years
* Key capabilities are now beginning to go-Live on the new platform, led by AI-led form digitisation. This is leading to improved accuracy and is strengthening CAMS’ pole position in customer service as is displayed by lower percentage of investor complaints on an almost 2X transaction base. The next-gen transaction origination platform and the insights and analytics driven enterprise data warehouse are slated to go live in H1FY’27
Commenting on the performance, Mr. Anuj Kumar, Managing Director said, “Q4 FY’26 was a defining quarter for CAMS, as we delivered our highest-ever quarterly revenue, with double-digit Y-o-Y growth and best-in-class EBITDA margins of 46.5%. This performance reflects strong operating discipline, sustained scale benefits in our core mutual fund franchise and continued improvement in productivity across the organisation.
This performance was anchored not only by the resilience and scale benefits of our core mutual fund franchise, but also by strong momentum in our expanding non?MF businesses which grew over 24% year-on-year, underscoring the success of our diversification strategy. Businesses across payments, alternatives, KRA and insurance repository continue to gain traction, contributing meaningfully to revenue momentum and long-term growth visibility
Within mutual funds, we continue to deepen and strengthen our partnerships with asset managers. During the quarter, Neo and Oaklane chose CAMS as their RTA partner, taking our total MF RTA relationships to 31. We also continued to gain market share and outperform the industry across key metrics, including assets under management, equity net sales, SIP registrations and growth in the investor base. The SIF ecosystem is scaling well, with 6 SIFs going live so far and another 8 additional launches expected in the coming months, reflecting growing adoption of SIF.
Alongside growth, our multi-year platform re-architecture programme is progressing well. Sustained innovation in technology, coupled with revenue growth (while maintaining a flat headcount) highlight the operating efficiency and long-term leverage that our next-generation platform is designed to deliver.
As we move ahead, our focus remains on strengthening platform leadership, scaling diversified growth engines and sustaining profitable growth, while reinforcing CAMS’s role as India’s most trusted financial market infrastructure partner.”
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