CMS Info Systems reported a 7 per cent year-on-year (yoy) increase in third-quarter consolidated net profit to ₹93 crore against ₹87 crore in the year-ago period amid flat growth in revenue from operations and a robust increase in other income.
The Board of Directors has declared an interim dividend of ₹3.25 per equity share, with a face value of ₹10 each, fully paid up.
CMS Info Systems’ consolidated results include the results of six subsidiaries such as Securitrans India, CMS Securitas, Hemabh Technology, and Quality Logistics Services. The company’s businesses include ATM and Retail Cash Management, Banking Automation, ATM-as-a-service, AIoT Remote Monitoring, Software Solutions, Card Issuance, Management, and personalisation.
A breakdown of the company’s revenue in the reporting quarter shows that while revenue from the cash logistic business grew by about 8 per cent YoY to ₹404 crore, revenue from the managed services and technology solutions business (including card services) declined about 10 per cent YoY to ₹210 crore.
Rajiv Kaul, Executive Vice Chairman and CEO, said, “FY25 is a consolidation year on the back of strong 20%+ revenue CAGR (compounded annual growth rate) between FY21 and FY24. In the first nine months of this year, we achieved 10.3% revenue growth and 7.5% PAT growth.”
He underscored that the company is making long-term investments, with an increase in its tech spending from 1 per cent to 1.5 per cent of revenues.
In a statement, the company said it won orders amounting to ₹300 crore in Q3FY25 (₹600 crore in Q3FY24). In the first nine months of FY25, it won orders aggregating ₹700 crore (₹1,250 crore in 9MFY24).
