Key Financial Figures - Consolidated

  • Total Revenue: ₹635 Cr (+1.2% YoY, +0.3% QoQ)
  • Services Revenue: ₹625 Cr (+9.3% YoY, +2.6% QoQ) - Highest-ever quarterly services revenue
  • EBITDA: ₹173 Cr (+8.9% YoY, +6.8% QoQ)
  • EBITDA Margin: 27.2% (Expanded 190 bps YoY and 170 bps QoQ)
  • PAT: ₹84 Cr (-10.6% YoY, +5.8% QoQ)
  • Earnings Per Share (Basic): ₹5.10

Key Financial Figures - Standalone

  • Revenue from Operations: ₹5,871.14 Mn
  • Other Income: ₹596.14 Mn (Includes dividend of ₹490.26 Mn received from subsidiaries)
  • Total Income: ₹6,467.28 Mn
  • Profit Before Tax: ₹1,406.16 Mn
  • Profit for the Period: ₹1,170.32 Mn
  • Earnings Per Share (Basic): ₹7.13

Segment Performance (Consolidated)

Cash Management Services (including Card Services)

  • Revenue: ₹403 Cr (-3% YoY, +1% QoQ)
  • Segment EBIT: ₹81 Cr (-18% YoY, +3% QoQ)

Managed Services

  • Revenue: Not separately quantified in summary but implied in segment totals

Card Services

  • Revenue: ₹185.18 Mn

Operational Highlights

  • New order wins of approximately ₹500 Cr
  • Won HDFC Bank integrated managed services mandate
  • Secured two product mandates for ~1,000 currency recyclers with PSU banks
  • Won two large PSU bank mandates in Technology & Payment Solutions business for HAWKAI Enterprise and ALGO MVS solution

Management Commentary

Executive VC & CEO Mr. Rajiv Kaul commented that Q1 tested the industry with the sharpest currency-supply disruption in a decade, impacting ATM transaction volumes. Despite this and being a seasonally weak quarter, the company delivered highest-ever services revenue growth of 9% YoY with EBITDA growing 8.9% YoY. The performance was achieved while absorbing significant cost inflation from steep minimum-wage increases in large states and higher fuel costs. He attributed this to two years of investment in technology spends, pricing discipline, growth from private-sector banks, and a more flexible workforce model.

Buyback Details

The Board of Directors had approved a buyback proposal on May 14, 2026, to buyback up to 4,939,126 fully paid-up equity shares of ₹10 each (representing up to 3% of paid-up equity share capital as at March 31, 2026) at a price of ₹340 per equity share for an aggregate amount not exceeding ₹1,679 million.

Buyback Timeline:

  • Letter of offer filed with SEBI: May 25, 2026
  • Tender period: May 29, 2026 to June 4, 2026
  • Settlement completed: June 11, 2026
  • Shares extinguished: June 19, 2026

Financial Impact:

  • Total cash outflow: ₹1,699.82 Mn (including transaction costs of ₹20.52 Mn)
  • ₹1,679.30 Mn utilized from share premium
  • ₹20.52 Mn utilized from retained earnings
  • Capital redemption reserve of ₹49.39 Mn created from retained earnings
  • Paid-up equity share capital reduced by ₹49.39 Mn

Subsidiary Information

The consolidated results include 8 subsidiaries:

1. Securitrans India Private Limited (wholly owned)

2. CMS Marshall Limited (wholly owned step-down subsidiary)

3. CMS Securitas Limited (wholly owned)

4. Hemabh Technology Private Limited (wholly owned)

5. Quality Logistics Services Private Limited (wholly owned)

6. Securens Systems Private Limited (wholly owned, effective September 11, 2025)

7. CMS Securitas Employees Welfare Trust (wholly owned)

Additional Information

  • Analyst conference call scheduled for August 11, 2026, at 2:00 PM IST
  • Figures for quarter ended March 31, 2026, are balancing figures between audited full-year figures and published year-to-date figures up to third quarter of previous financial year