CMS Info Systems, a cash management and payment solutions company, reported a 8 percent year-on-year (YoY) jump in consolidated profit after tax (PAT) at Rs 91 crore for the second quarter ended September 30.
The low PAT growth was due to slower consumption, elections and intense rains in H1, which impacted realizations, the company said. PAT growth remained flat on a QoQ basis.
The consolidated revenue for the reporting quarter stood at Rs 624 crore, rising by 15 percent YoY. Revenue was up by 4.19 percent on a QoQ basis.
Earnings per share (EPS) grew to Rs 5.58 for the September quarter compared to Rs 5.43 in the same quarter a year ago.
Cash logistics business revenue grew to Rs 390 crore, registering a 8 percent YoY increase.
CMS' businesses include cash logistics, banking automation, managed services, remote monitoring solutions, and technology solutions.
Revenue from managed services and card services rose 28 percent YoY to Rs 264 crore.
Rajiv Kaul, Executive Vice Chairman, Whole Time Director and CEO at CMS Info Systems said, “We continue to deliver strong 16% revenue growth in H1 and in line with our long-term 17% growth CAGR. Our Cash Logistics business is performing robustly with a steady 9% revenue growth and gaining share in key growth segments.”
“The Managed Services & Technology Solutions business segment grew 30% to cross Rs 500 Cr revenue in H1. Our AIoT RMS use cases are being piloted in non-BFSI sectors. We are focused on accelerating execution of our order book so that we can close Q4 with a strong base for FY26,” he added.
New orders for the quarter stood at Rs 200 crores; H1FY25 new order wins are now at Rs 400 crores, in the Managed Services & Technology Solutions business
In the trading session on October 25, the scrip settled at Rs 581.10 apiece at the BSE, which was 0.32 percent up compared to the previous day's close.
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