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Financial Highlights

• Operating revenue grew 10.0% Y-o-Y to Rs 414.47 crore, reflecting sustained business momentum • EBITDA increased 13.5% Y-o-Y to Rs 190.86 crore, demonstrating the resilience of CAMS’s business model and continued operating momentum amid a dynamic market environment

• EBITDA margin expanded by 140 basis points Y-o-Y to 46.0%, driven by operating leverage and disciplined cost management

• PAT grew 14.4% Y-o-Y to Rs 131.49 crore, delivering a healthy PAT margin of 30.7% and reinforcing CAMS’s ability to translate growth into higher profitability

• Diversification momentum accelerated, with non-mutual fund businesses growing 21.7% Y-o-Y, while CAMSPay crossed the 6% revenue contribution milestone for the first time

Mutual Funds

• CAMS MF AuM grew 12.1% Y-o-Y to a record Rs 58.4 lakh crore in Q2 FY’27, maintaining its leadership position with a 67% market share

• Equity MF AuM increased 15.5% Y-o-Y to a record Rs 33.2 lakh crore, continuing to outperform the industry growth of 15.2%

• Strong equity net sales drove CAMS’s above-industry equity AUM growth, capturing 70% of the industry’s equity net sales over the last 12 months

• SIP collections grew 16.5% Y-o-Y to Rs 61,369 crore in Q2 FY’27, outperforming industry growth of 12.4%

• Live SIP accounts reached 6.96 crore, up 12.9% Y-o-Y, outperforming industry growth and further strengthening CAMS’s market share to 63.9% from 63.4% a year ago • CAMS's unique investor base expanded 15.1% Y-o-Y to over 4.98 crore investors, surpassing industry growth of 11.1%

• Specialized Investment Funds (SIFs) continue to witness strong adoption, with 12 SIFs launched and cumulative AuM exceeding Rs 20,000 crore. Participation has broadened to over 10,200 distributors and 85,000 investors, creating a strong runway for future growth

• GIFT City retail funds continues to scale with 5 funds live and AuM crossing Rs 1,500 crore. Two more funds planned for launch in the coming quarter

• InCred Money AMC appointed CAMS as its MFRTA, expanding CAMS’s client roster to 32 out of 64 licensed AMCs. ASK Investments and Carnelian AMC successfully launched their maiden funds during the quarter, while Oaklane AMC and Neo AMC are expected to go live over the coming quarter, supporting future growth

Beyond Mutual Funds

• Non-mutual fund revenue contribution increased to 15.9%, up 150 basis points Y-o-Y, reflecting continued progress in building meaningful growth vectors beyond the core MF business

• CAMSPay delivered another exceptional quarter, with revenue growing 52.2% Y-o-Y and 13.1% Q-o-Q, supported by 21 new clients during Q2 FY’27

• CAMS Alternatives strengthened its market leadership, reporting 22% Y-o-Y revenue growth. With AuM exceeding Rs 3.3 lakh crore, the business secured 54 new mandates, including 15 marquee client relationship

• CAMS KRA recorded strong operational momentum, delivering 51% Q-o-Q revenue growth, with 5 of the top 10 brokerage houses in the country actively doing business

• CAMSRep crossed 15 million demat policies and drove strong momentum in Bima Central, commencing business with two insurance brokers. Achieved a 9% Y-o-Y revenue growth in Q2 FY’27

• Account Aggregator business grew 19% Y-o-Y, seeing significant uplift in the analytics use cases. Potential benefits of the new AA pricing model expected to roll out from Q4 onwards

• ConsenPro, a pioneering DPDP implementation platform sees strong adoption in the BFSI segment and is under implementation with 20 clients

Re-arch and AI

• Strategic platform modernization remains firmly on track, with FundsNet 2.0 successfully going live and complete migration of transaction origination from the legacy platform targeted by Q4 FY'27

• AI-led transformation initiatives continue to scale meaningfully, with six of eight extraction use cases already deployed fuelling significant employee productivity

• CAMS Lens strengthened its market recognition through selection by NISM as an AI-powered training partner for Compliance and RegTech initiatives

• Enterprise-wide data and reporting modernization is progressing as planned, positioning CAMS to unlock meaningful operational efficiencies beginning Q4 FY’27

• Launched DIY portal for GIFT City retail investors – enabling end-to-end onboarding, transactions and payments for AMCs while powering ecosystem participants through API-led integration

• KYCHUB, CAMS’s new-generation e-KYC platform, was launched successfully, enabling seamless customer onboarding across the capital markets ecosystem and attracting multiple fintech integrations

Quarterly Highlights

Consolidated

* Revenue at Rs. 414.47 crore, 4.9% on Q-o-Q; 10.0% on Y-o-Y

* PBT* at Rs. 175.09 crore, 0.6% on Q-o-Q; 13.4% on Y-o-Y

* PAT* at Rs. 131.49 crore, 2.7% on Q-o-Q; 14.4%on Y-o-Y, PAT margins @ 30.7%

* Basic EPS for Q2 FY27 stands at Rs. 5.30 (not annualised)

Half-Yearly Highlights

Consolidated

* Revenue at Rs. 809.50 crore, 10.8% on Y-o-Y basis

* PBT* at Rs. 349.05 crore, 16.4% on Y-o-Y basis

* PAT* at Rs. 259.51 crore, 15.8% on Y-o-Y basis, PAT margins @ 30.9%

* Basic EPS for H1 FY’27 stands at Rs. 10.46 (not annualised)

Quarterly Financial highlights – Y-o-Y and Q-o-Q – Consolidated

Commenting on the performance, Mr. Anuj Kumar, Managing Director said

“Q2 FY’27 underscores the strength of CAMS’s platform-led business model and the growing benefits of our diversification strategy. We delivered double-digit revenue growth, expanded EBITDA margins to 46% and achieved healthy profit growth despite a volatile operating environment.

Our core Mutual Fund franchise continues to demonstrate industry-leading scale and resilience, with assets under management reaching a record Rs 58.4 lakh crore and with continued outperformance across growth in equity assets, SIPs and investor count. The rapid scaling of SIFs, growing adoption of GIFT City Retail Funds and expansion of our client base to 32 AMCs reinforces our strategy of building a high-quality, institution-led MF RTA franchise.

Equally importantly, our non-mutual fund businesses have emerged as meaningful growth engines. With non-MF revenues nearing 16% of total revenues and CAMSPay crossing the 6% revenue contribution milestone, we are seeing increasing validation of our strategy to build adjacent platforms serving the broader financial services ecosystem. Strong growth across Payments, Alternatives, KRA, Insurance Repository and our newly commercialized ConsenPro platform provide us with confidence in the sustainability and breadth of our future growth trajectory.

Alongside business growth, our technology modernization and AI-led transformation programs are now delivering sustained benefits. From the successful deployment of FundsNet (the modernized MF transaction-acceptance platform), CAMSlens and KYCHUB to rapidly increasing scale in AI-led transaction processing and enterprise-wide data modernization, we are building a future-ready operating platform that will enhance productivity, scalability and client experience. We remain confident in our ability to deepen market leadership, accelerate innovation and create long-term value for clients, shareholders and all stakeholders.”

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