CMS Info Systems Limited

CMS Info Systems Limited (CMSINFO) submitted a regulatory filing to BSE Limited and National Stock Exchange of India Limited intimating about a media release issued pursuant to Regulation 30 read with Part A of Para A of Schedule III of SEBI Listing Regulations. The filing contains the company's unaudited financial results and statements (Standalone & Consolidated) for the quarter and half year ended September 30, 2026.

Financial Performance Highlights (Consolidated)

Q2 FY27 Performance:

  • Total Revenue: ₹650 Crore, representing +6.7% YoY growth and +2.4% QoQ growth
  • Services Revenue: ₹644 Crore, representing +16.2% YoY growth and +3.0% QoQ growth
  • EBITDA: ₹173 Crore, representing +24.8% YoY growth and +0.4% QoQ growth
  • EBITDA Margin: 26.7%, expanding by 390 basis points YoY but declining 53 basis points QoQ
  • PAT: ₹81 Crore, representing +10.3% YoY growth but declining -3.3% QoQ
  • Diluted EPS: 5.05, representing +14.9% YoY growth but declining -1% QoQ

H1 FY27 Performance:

  • Total Revenue: ₹1,284 Crore, representing +3.9% YoY growth
  • Services Revenue: ₹1,269 Crore, representing +12.7% YoY growth
  • EBITDA: ₹346 Crore, representing +16.4% YoY growth
  • EBITDA Margin: 27%, expanding by 290 basis points YoY
  • PAT: ₹165 Crore, representing -1.4% YoY decline
  • Diluted EPS: 10.15, representing +1.4% YoY growth

Segmental Performance

Cash Logistics Segment:

  • Revenue: ₹404 Crore, representing +2% YoY growth and 0% QoQ growth
  • EBIT: ₹77 Crore, representing +31% YoY growth but declining -6% QoQ

Managed Services & Technology Solutions Segment (including Card Services):

  • Revenue: ₹321 Crore, representing +19% YoY growth and +5% QoQ growth
  • EBIT: ₹34 Crore, representing -10% YoY decline but +8% QoQ growth

The Managed Services EBIT reflects lower transaction-linked ATM revenue and a higher depreciation charge from FY26 capex and the FSS acquisition.

Key Business Highlights

  • Technology & Payment Solutions contributed 20% of services revenue in Q2 FY27
  • Technology & Payment Solutions segment is trending towards an annualized runrate of ₹500 Crore based on Q2 performance
  • The company won two large bank mandates in branch surveillance and ATM software
  • Most of H2 FY27 revenue is already contracted through existing order book with deliveries scheduled

Management Commentary

Mr. Rajiv Kaul, Executive Vice Chairman & CEO, commented that this represents the fourth straight quarter of record services revenue with a shifting business mix. He noted that the Technology & Payment Solutions business has grown 4X since FY22 at a 33%+ CAGR, achieving ₹127 Crore revenue in Q2 FY27 compared to ₹120 Crore for the full year four years ago.

Additional Information

The results for the quarter ending September 30, 2026, are prepared under Ind AS and are available in the Investor Relations section of the company's website at www.cms.com.

Analyst Conference Call

An earnings conference call will be held on Saturday, November 14, 2026, at 2.00 pm (IST) to discuss the financial results and performance. The call will be accessible through universal access dial-in numbers +91 22 6280 1366 and +91 22 7115 8267, or through the provided registration link. The analyst/institutional investor presentation will be submitted to stock exchanges and hosted on the company's website.

Company Background

CMS Info Systems Limited is India's leading business services company building a unified platform across three business segments: ATM Management Solutions, Retail Solutions & Currency Logistics, and Technology & Payment Solutions. The company serves banks, financial institutions, organized retail, and e-commerce companies across India with a pan-India network spanning 97% of districts.