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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.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.
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