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CMS Info Systems Limited — Earnings Release 2024
Jul 21, 2023
62583_rns_2023-07-21_265b6d82-be33-4066-aa74-8b16932fade8.pdf
Earnings Release
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CMSINFO/2307/006
July 21, 2023
To BSE Limited Listing Department, 1st Floor, PJ Towers, Dalal Street, Fort, Mumbai – 400 001
National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051
Scrip Code: 543441
Symbol: CMSINFO
Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)
Dear Sir/Madam,
Pursuant to Regulation 30 of Listing Regulations, please find enclosed Press Release to be issued by the Company in connection with the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2023 at Annexure I .
You are requested to kindly take the same on your record.
Thanking You,
Yours faithfully,
For CMS Info Systems Limited
PRAVEE Digitally signed by PRAVEEN SONI Date: 2023.07.21 N SONI 18:50:23 +05'30'
CS Praveen Soni
Company Secretary & Compliance Officer (Membership No. FCS 6495)
Encl: a/a
CMS Info Systems Limited |CIN: L45200MH2008PLC180479 | www.cms.com | E: [email protected]
Annexure I
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Media Release
CMS Info Systems reports 22% YoY PAT growth in Q1’FY24
Mumbai, 21[st] July 2023: CMS Info Systems Limited, India’s leading business services company offering banking logistics and technology services, announces its results for Q1’FY24.
Q1’FY24 Consolidated Financial Performance:
| Revenue INR 512 Crore YoY Growth: 13% |
Adj. EBITDA* INR 152 Crore YoY Growth: 19% |
Adj. EBITDA Margin* 29.6% YoY Growth: 160 BPS |
Adj. PAT* INR 87 Crore YoY Growth: 22% |
|---|---|---|---|
| *Adjustedfor share-basedpayment to employees. |
Q1’FY24 Segmental Performance:
Cash Logistics Business:
Managed Services & Technology Solution Business[#] :
| Revenue | EBIT | Revenue | EBIT | ||
|---|---|---|---|---|---|
| INR | 351 Crore | INR 94 Crore | INR 182 Crore | INR 34 Crore | |
| YoY | Growth: 12% | YoY Growth: 22% | YoY Growth: 17% | YoY Growth: 15% | |
| #Including Cards Services. |
Q1’FY24 Operational Highlights:
-
Business points for cash logistics segment at 126,000, up 10% YoY.
-
Highest ever quarterly currency throughput at INR 3.3 Lakh Crore, up 6% YoY.
-
Managed Services business new wins of INR 150 Crore in the quarter.
-
Successful implementation of Managed Services mandate of 5,200+ ATMs for a large PSU bank, becoming the largest Managed Services provider for the bank.
Commenting on the Q1’FY24 performance, Mr. Rajiv Kaul – Executive Vice Chairman, Whole Time Director and CEO, CMS Info Systems said, “We are happy to report another quarter of 20%+ earnings growth led by market leadership in cash logistics and the scale-up of our Managed Services & Technology business. This is traditionally a weak quarter which was further impacted by unseasonal rains affecting pockets of rural consumption, and withdrawal of Rs. 2000 currency notes. We remain focused on our strategic growth objective of doubling revenues from FY21 to FY25.”
CIN: L45200MH2008PLC180479
Email: [email protected] | Tel: +91 2248897400 | Web: cms.com | LinkedIn: CMS Info Systems | Twitter: @systems_cms
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About CMS Info Systems Limited:
CMS Info Systems (NSE, BSE: CMS INFO) is a leading business services company providing logistics and technology solutions to banks, financial institutions, organized retail, and e-commerce companies in India. It plays an essential role in connecting banks, businesses, merchants, and consumers by enabling commerce in a convenient and secured environment.
CMS businesses include Cash Logistics, Banking Automation, Managed Services, Remote Monitoring Solution and Technology Solutions. With 25,000+ employees & associates, servicing 150,000+ business commerce points across 97% Indian districts, it is today a market leader in Cash Logistics, ATM Software Solutions and AIoT Remote Monitoring (Banking segment) businesses.
Contact Information:
Media Relations Representative
Investor Relations Representative
Company Secretary & Compliance Officer
Smita Sengupta Puneet Kokru [email protected] [email protected] +91-9769550799 +91-22-6918-4015
Praveen Soni [email protected] +91-22-4889-7400
Pushkar Gupta Anuj Sonpal [email protected] [email protected] +91-9323090909 +91-22-4903-9500
CIN: L45200MH2008PLC180479
Email: [email protected] | Tel: +91 2248897400 | Web: cms.com | LinkedIn: CMS Info Systems | Twitter: @systems_cms