Earnings call transcript: CMS Info Systems posts record Q2 2027 services revenue
CMS Info Systems reported record Q2 2027 services revenue of INR 644 crore, a 16.2% increase year-over-year, in its earnings call transcript. Total revenue rose 6.7% to INR 650 crore. EBITDA increased 24.8% to INR 173 crore, with margin improving to 26.7%. Profit after tax grew 10.3% to INR 81 crore. The stock held steady at $214.53, down 0.45% from the previous close.
Services revenue hit a new high, driven by growth in managed services and recovery in cash-related activity. New business deals are now fixed-fee contracts, reducing dependence on transaction-linked revenue. The company's core cash logistics business grew 2% to INR 404 crore, while managed services grew 19% to INR 321 crore. The business is shifting toward fixed-fee contracts, a move that reduces exposure to swings in ATM usage and cash movement volumes.
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