CMS Info Systems Ltd. reported a 10.3% year-on-year rise in consolidated net profit to Rs 81 crore for the September quarter, helped by stronger margins and growth in its technology business.
Services revenue rose 16.2% to Rs 644 crore, a record for the fourth quarter in a row, the cash logistics and ATM services company said in an exchange filing on Friday. Total revenue grew 6.7% to Rs 650 crore.
CMS Info Q2 FY27 Highlights (Consolidated, YoY)
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- Total revenue up 6.7% at Rs 650 crore.
- Services revenue up 16.2% at Rs 644 crore.
- Ebitda up 24.8% at Rs 173 crore.
- Ebitda margin at 26.7%, up 390 basis points.
- Net profit up 10.3% at Rs 81 crore.
On a sequential basis, profit fell 3.3% and the Ebitda margin narrowed 53 basis points, even as services revenue grew 3%.
The fastest growth came from managed services and technology solutions, where revenue rose 19% to Rs 321 crore. Segment Ebit, however, fell 10% to Rs 34 crore. The company attributed this to lower transaction-linked ATM revenue and a higher depreciation charge from FY26 capex and its FSS acquisition. Cash logistics, the company’s largest business, grew revenue 2% to Rs 404 crore, while its Ebit jumped 31% to Rs 77 crore.
Technology and payment solutions now make up 20% of services revenue, and the company says the segment is moving towards an annualised run-rate of Rs 500 crore.
“Four years ago, Technology & Payment Solutions did Rs 120 Cr of revenue in a full year. In Q2, it achieved Rs 127 Cr in revenue,” said Rajiv Kaul, executive vice chairman and chief executive officer. He said the segment had grown four times since FY22, at a compounded annual rate of more than 33%.
Kaul said the company had won two large bank mandates in branch surveillance and ATM software, which would drive revenue and returns on its investments in the HAWKAI platform. “With the order book in place and deliveries scheduled on orders already won, most of our H2 revenue is contracted,” he said.
For the first half of FY27, services revenue grew 12.7% to Rs 1,269 crore, while net profit slipped 1.4% to Rs 165 crore.
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