CMS Info Systems recorded Q1 FY27 services revenue of INR 625 Cr, impacted by a INR 25 Cr cash supply squeeze.

Despite this, EBITDA grew 8.9% YoY to INR 173 Cr, with margins expanding to 27.2% due to tech investments and pricing.

Full-year services revenue guidance is adjusted to INR 2,650-2,750 Cr, but EBITDA margin guidance is raised to ~27%. Q1 saw INR 500 Cr order wins, including a major INR 400 Cr HDFC Bank mandate.

Management anticipates currency supply normalization and strong growth from the Tech & Payments segment (35-40%), emphasizing efficiency and high-margin services.

FY27 capex is projected significantly lower at INR 100-125 Cr.