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CMS Info Systems Limited is India's largest cash management company in terms of the number of ATM points and retail pick-up points as of March 31, 2021. The company is engaged in installing, maintaining, and managing assets and technology solutions on an end-to-end outsourced basis for banks, financial institutions, organized retail and e-commerce companies in India.
CMS Info Systems posted highest-ever quarterly services revenue of ₹625 Cr, securing ~₹500 Cr in new orders from HDFC Bank & PSU banks. EBITDA margin expanded 170 bps QoQ to 27.2%. This strong operational performance came despite industry currency-supply disruptions and cost inflation.
CMS Info Systems appointed Will Poole, a global tech operator and AI investor, as an Independent Director. This strategic move strengthens the board as CMS accelerates investments in AI and technology for its business services platform.
CMS Info Systems' CEO, Rajiv Kaul, clarified his intention to participate in the ongoing share buyback. This voluntary disclosure ensures all investors have transparent information, preventing misinterpretation of earlier remarks.
CMS Info Systems' services revenue crossed ₹600 Cr in the latest quarter, with EBITDA margin expanding 280 bps to 25.6%. The board approved a ₹168 Cr share buyback and a ₹2.50/share final dividend. The company reaffirmed strong revenue guidance for the new financial year.
CMS Info Systems secured a 5-year ATM Managed Services contract from HDFC Bank, valued at ₹400 Cr. This strategic win boosts private bank revenue mix from 22% to 25%, targeting 30% by FY27.