CAMS Q2 FY26 Results: Solid Growth with Margin Stability

Computer Age Management Services (CAMS) delivered a steady performance in Q2 FY26, supported by rising mutual fund AUM and traction in digital services. Key Highlights: Revenue: ₹306 crore, up 15% YoY, driven by higher transaction volumes and new product additions. Net Profit: ₹90 crore, up ~13% YoY, supported by operating efficiency. EBITDA Margin: Stable at ~44%, indicating strong cost control despite higher tech investments. AUM Serviced: Crossed ₹58 lakh crore, maintaining CAMS’ dominant ~68% market share in the MF RTA industry. Management Commentary: CAMS highlighted strong inflows into equity mutual funds and growing adoption of digital solutions such as CAMS Pay and MF Central. The company continues to invest in technology platforms to expand its non-MF business verticals like AIFs, PMS, and insurance repositories. Learning Insight: CAMS’ business growth is closely linked to mutual fund industry inflows. As India’s financialization deepens, companies like CAMS benefit from rising participation in market-linked products. What to Watch: Mutual fund AUM trends and SIP inflows. Growth in new digital business lines. Margin stability as tech spending rises.