CMS Info Systems

CMS Info Systems delivered consolidated revenue of ₹627 crores (up 5% year-on-year) and PAT of ₹93.6 crores (up 3%) for the quarter ended June 30, 2025. The company faced headwinds from a 10% dip in India ATM transactions, geopolitical issues, and muted consumption, resulting in an estimated revenue impact of ₹8-10 crores. Both cash logistics and managed services segments grew 8% year-on-year to ₹417 crores and ₹258 crores respectively. The company secured new orders worth ₹500 crores during the quarter, including a multi-year software contract with a leading bank. CMS announced a binding agreement to acquire Securens Systems Private Limited for approximately ₹80 crores enterprise value, valued at 10X FY2025 adjusted EBITDA. The company expanded its cash logistics footprint to 153,000 business touchpoints (9% year-on-year increase) and increased its ATM cash market share to 58-60%. Management highlighted challenges from AGS-related ATM shutdowns affecting the industry, with almost 50% of AGS's 20,000 brown label ATMs shut down. The company maintained its pricing discipline and focus on fixed-price contracts over transaction-linked models.