Computer Age Management Services (CAMS) surged 5.7% to Rs 1979 after the company s consolidated net profit jumped 22% to Rs 56.42 crore in Q3 FY21 as against Rs 46.23 crore in Q3 FY20.Consolidated revenue from operations grew by 5.6% to Rs 185.95 crore in Q3 FY21 from Rs 176.03 crore in Q3 FY20. The result was announced during market hours today, 11 February 2021.
Profit before tax rose 24% to Rs 75.59 crore in Q3 FY21 compared with Rs 61 crore recorded in the same quarter last year. Total tax expense spiked 30% to Rs 19.17 crore in Q3 FY21 over Q3 FY20.
Commenting on the results, Anuj Kumar, whole time director & CEO of CAMS said, It has been a satisfactory quarter both from the perspective of Company results and the operations coming back to near normal as the pandemic led changes abated. MF AuM was on a stride with the market volatility settling down and peaked to historic highs. SIPs registrations have seen a come-back in the last quarter compared to the previous quarter point