CMS Info Systems Limited — Earnings Release 2024

Jan 24, 2024

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CMSINFO/2401/007

January 24, 2023

To BSE Limited Listing Department, 1st Floor, PJ Towers, Dalal Street, Fort, Mumbai – 400 001

Scrip Code: 543441

National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051

Symbol: CMSINFO

Sub: Press Release: CMS Info Systems reports robust Q3’FY24 with 19% Revenue & 22% PAT* YoY growth

Dear Sir/Madam,

Pursuant to Regulation 30 of Listing Regulations, please find enclosed Press Release titled “ CMS Info Systems reports robust Q3’FY24 with 19% Revenue & 22% PAT* YoY growth” being issued by the Company in connection with the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended December 31, 2023 at Annexure I .

You are requested to kindly take the same on your record.

Thanking You,

Yours faithfully,

For CMS Info Systems Limited

Debashis Digitally signed by Debashis Dey Date: 2024.01.24 Dey 14:42:23 +05'30' Debashis Dey Company Secretary & Compliance Officer

Encl: a/a

CMS Info Systems Limited |CIN: L45200MH2008PLC180479 | www.cms.com | E: contact@cms.com

Annexure I

Media Release

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CMS Info Systems reports robust Q3’FY24 with 19% Revenue & 22% PAT [*] YoY growth

Delivers seventh consecutive quarter with 20% YoY earnings growth

Mumbai, 24[th] January 2024: CMS Info Systems Limited, India’s leading business services company offering banking logistics and technology services, announces its results for Q3-FY2024.

Q3-FY2024 Consolidated Financial Performance:

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Revenue Adj. EBITDA Adj. PAT Adj. PAT Margin
INR 582 Crore INR 163 Crore INR 96 Crore 16.5%
YoY Growth: 19% YoY Growth: 16% YoY Growth: 22% YoY Growth: 40 BPS
Adjusted for ESOP expenses.
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Q3-FY2024 Segmental Performance:

Cash Logistics Business:

Managed Services & Technology Solution Business[#] :

	Revenue	EBIT		Revenue	EBIT
INR	375 Crore	INR 98 Crore		INR 233 Crore	INR 41 Crore
YoY	Growth: 11%	YoY Growth: 14%		YoY Growth: 38%	YoY Growth: 27%
				#Including Cards Services.

Q3-FY2024 Key Highlights:

• New business wins of INR 600 crore in the quarter, YTD new business wins now at INR 1,250 crore in Managed Services & Technology Solution business

• Won mandate for ALGO AIoT Remote Monitoring Solution for 2,000 new sites

• Added 4,000 business points in cash logistics, 10% YoY growth

• Continue to strengthen our infrastructure, added 500 vans to our fleet (YTD)

Commenting on the performance of the Company, Mr. Rajiv Kaul – Executive Vice Chairman, Whole Time Director and CEO said, “We are happy with the strong growth in revenue and PAT, driven by growth across our platform. We are seeing the benefits from both increased formalization and refresh cycle in the banking sector. Our integrated platform is helping us execute large order book. We have also won new orders and our total order book has grown to INR 4,400 Cr. Our solutions and technology automation capabilities are helping us forge deeper enterprise relationships. Basis the execution and order book, we aim to grow between 17% - 19% in FY24 and have total revenues in the range of Rs. 2250-2300 Cr revenues for FY24.”

T-151, 5th Floor, Tower No. 10, Sector-11, Railway Station Complex, CBD Belapur, Navi Mumbai-400 614 CIN: L45200MH2008PLC180479 | Email: contact@cms.com | Tel: +91 2248897400 | Web: cms.com LinkedIn: CMS Info Systems | Twitter: @systems_cms | Facebook: ConnectingCommerce | Instagram: cmsinfosystems

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*Adjusted for ESOP expenses. Calculation of Adj. PAT below.

INR Cr.	Q3’FY24	Q2’FY24	Q3’FY23
Reported PAT	87.1	84.4	75.8
Add : Non-cash ESOP Expenses (Net of Tax)	8.9	7.9	2.8
Adj. PAT	96.0	92.3	78.6

Results for the quarter ending December 31, 2023, prepared under Ind AS, along with segment results, are available in the Investor Relations section of our website www.cms.com.

Analyst Conference Call:

The earnings conference call will be held on Thursday, January 25, 2024 at 1:00 pm (IST) to discuss the Financial Results and performance of the Company for Q3 FY24. The earnings conference call will be accessible from all networks and countries through universal access dial-ins +91 22 6280 1342 / +91 22 7115 8243 also accessible here. Further, the analyst(s)/institutional investor(s) presentation will be submitted to Stock Exchanges and hosted on the Company's website at www.cms.com.

About CMS Info Systems Limited:

CMS Info Systems Limited (BSE: CMSINFO | 543441, NSE: CMSINFO) is a leading business services company providing logistics and technology solutions to banks, financial institutions, organized retail and e-commerce companies in India with presence across Cash Logistics, ATM Managed Services and Technology Solutions.

CMS businesses include ATM and Retail Cash Management, Currency Chest Automation, Bullion Logistics, Banking Automation Solutions, Brown Label ATM and Managed Services, Multi-vendor Software Solution, ATM Security Software, AI-based Remote Monitoring Services and Card Issuance, Management and Personalization.

CMS is India’s largest cash management company based on number of ATM points and number of retail pick-up points as well as one of the largest ATM cash management companies worldwide.

Contact Information:

Media Relations Representative Smita Sengupta smita.sengupta@cms.com +91-9769550799 Pushkar Gupta pushkar@thegoodedge.com +91-9323090909	Investor Relations Representative Puneet Kokru puneet.kokru@cms.com +91-22-6918-4015 Anuj Sonpal cms@valoremadvisors.com +91-22-4903-9500	Company Secretary & Compliance Officer Debashis Dey company.secretary@cms.com
		+91-22-4889-7400

T-151, 5th Floor, Tower No. 10, Sector-11, Railway Station Complex, CBD Belapur, Navi Mumbai-400 614 CIN: L45200MH2008PLC180479 | Email: contact@cms.com | Tel: +91 2248897400 | Web: cms.com LinkedIn: CMS Info Systems | Twitter: @systems_cms | Facebook: ConnectingCommerce | Instagram: cmsinfosystems