Computer Age Management

CAMS delivered a solid Q4 FY26 with 11% YoY revenue growthCurrent reported value: 11% YoY revenue growth. No comparable prior figure is available in the source record. and EBITDA margin of 46.5%Current reported value: EBITDA margin of 46.5%. No comparable prior figure is available in the source record., expanding 150bps YoY. Non-MF revenue grew 24.5% YoYCurrent reported value: 24.5% YoY. No comparable prior figure is available in the source record., now contributing 15.3% of enterprise revenue, driven by payments, AIF, and K. MF revenue was flat due to muted AUM growth, but equity AUM share improved to 67%Current 67%. Reported change: +1pp YoY. and equity net sales share rose to 76%Current 76%. Reported change: +5pp YoY.. Management guided for sustained 20%+ non-MF growth, flat K revenue in FY27 despite a price cut, and further margin expansion via rearchitecture and automation. Key risk: potential yield compression from passive mix shift or AMC renegotiations, though management sees limited impact.