In the corresponding quarter of the previous fiscal, CMS Info Systems posted a net profit of ₹90.7 crore. The company’s revenue from operations was up 4.7% to ₹627.4 crore as against ₹599.4 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA rose 3.1% to ₹157.9 crore in the first quarter of this fiscal over ₹153.1 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 25.1% in the reporting quarter as compared to 25.5% in the corresponding period in the previous fiscal.
Also Read: CMS Info eyes double-digit revenue growth as services scale up
The company recorded 1,53,000 business touch points in its Cash Logistics segment, reflecting a 9% year-on-year growth. It also secured new order wins worth ₹500 crore during the quarter. CMS won a multi-year ALGO MVS software solutions contract across ICICI Bank’s ATM network.
Additionally, the company announced a strategic acquisition in the Vision AI space, with an investment of approximately ₹80 crore. CMS has entered into a binding agreement to acquire up to 100% of Securens Systems Private Limited, the fourth-largest player in the AIoT remote monitoring services industry.
Securens offers full-stack solution capabilities, and this acquisition is expected to help CMS expand its Vision AI business to a wider client base and accelerate growth in this emerging vertical.
Also Read: CMS Info Systems Q4 net profit up 7% to ₹98 crore; declares ₹9.50 total dividend for FY25
Rajiv Kaul – Executive VC and CEO, said, “We grew topline by 5% and PAT by 3% in a seasonally weak quarter amid subdued consumption trends. We continue to focus on executing our order book while maintaining a stable business profile. With the Securens acquisition, our HAWKAI brand will scale to a market-leading position, more than 2X of its closest competitor.”
The results came after the close of the market hours. Shares of CMS Info Systems Ltd ended at ₹500.20, down by ₹16.15 or 3.13% on the BSE.
