CMS Info Systems
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CMS Info Systems (CMSINFO) investor relations material

CMS Info Systems Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 25/26 earnings summary13 Feb, 2026

Executive summary

  • Achieved key operating goals in FY22–24, including revenue growth, margin expansion, and market share gains, despite increased competition and a strategic reduction in CapEx to avoid low-quality growth.

  • Q3 FY26 saw services revenue at ₹577 Cr, up 4% QoQ, with recovery in consumption and order book execution.

  • Restructured into three platforms: ATM management solutions, retail and currency logistics, and tech and payment solutions, each with market leadership and strong margin profiles.

  • Major contract wins include a ₹1,000 Cr SBI deal, rapid execution of ICICI/IPPB contracts, and over ₹1,600 Cr of high-quality contracts in FY26.

  • Retail cash volumes rebounded post-GST rate reduction, with significant increases across retail segments.

Financial highlights

  • Q3 consolidated revenue at ₹6,182 million, up 2% QoQ; service revenue up 4% QoQ; business EBITDA at ₹1,580 million, up 9% QoQ.

  • Managed services and technology revenue rose 18% QoQ to ₹254 crore; business EBITDA margin improved by 160 bps to 25.5%.

  • Q3 FY26 PBT before exceptional items was ₹880 million, down 8% QoQ due to prior quarter one-off benefits.

  • PAT margin for Q3 FY26 was 9.29%, down from 16.03% YoY.

  • For nine months ended Dec 31, 2025: revenue ₹18,542 million, net profit ₹2,243 million.

Outlook and guidance

  • FY27 revenue expected in the ₹2,800–2,900 crore range, with services revenue at ₹2,700–2,800 crore.

  • Management targets strong sequential gains, with large, long-duration order wins supporting future growth.

  • ATM Management Solutions projected 11% CAGR to FY30; Retail Solutions & Currency Logistics and Technology & Payment Solutions forecast 11% and 20%+ CAGR respectively to FY30.

  • Targeting 'Rule of 35' (revenue growth + EBITDA margin >35%) by FY30.

  • EBITDA margin guidance for FY27 is 25–26%, with Q4 expected to show improvement.

Recurring impact of new Labour Codes on costs?
How does Vision AI acquisition enhance offerings?
How will Cash Logistics revenue be revitalized?
M&A pipeline focus and capital allocation priorities
Retail cash management strategy refinement
FY '27 revenue bridge and certainty
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Frequently asked questions

CMS Info Systems Limited is a prominent Indian company specializing in integrated cash management and payment solutions. The company primarily focuses on providing cash management services, including cash pickup and delivery, cash processing, ATM services, and cash-in-transit services across various sectors such as banking, financial services, retail, and telecommunications. CMS Info Systems also offers card personalization services, printing of secure documents, and management of point of sale (POS) terminals and ATMs. The company is headquartered in Mumbai, Maharashtra, and its shares are listed on the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE).

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