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Computer Age Management Services (CAMS)has posted a 14.85 per cent increase in profit after tax at ₹48.95 crore for the second quarter ended September 2020, as against ₹42.61 crore it had posted in Q2-FY20.
In Q1 of current fiscal, its profit stood at ₹39.80 crore. However, total revenue decreased to ₹176.21 crore (₹179.55 crore), the company said . Despite the volatility in the market and pandemic situation, MFs' assets under management, with the exception of equity assets, have come back to pre-pandemic level and MF industry continues to attract new investors, said Anuj Kumar, Whole Time Director & CEO, CAMS. Shares of CAMS closed 0.46 per cent lower at ₹1,284.55 on the BSE.
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