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Earnings Call

CMS Info Systems Earnings Call: Key Takeaways

FY26 was a transitional 'stormy' year for CMS, hit by prolonged SBI outsourcing delays and consumption headwinds. Management is pivoting towards fixed-fee models to escape the 'dead' transaction-fee ATM business.

Why this was an Alfa AlertNot a filter event. Results were essentially in line with revised lower expectations after a difficult Q2 and Q3.
Highlights
Revenue growth3% YoY overall; 6% service revenue growth driven by managed services.
MarginsRecovered 280bps in Q4; targeting long-term return to 25% levels.
Order book₹2,000cr high-quality order book, entirely focused on fixed-fee contracts.
Demand visibilityStrong order book of ₹2,000cr provides high visibility for FY27 targets.
Management confidenceBalanced; candid about FY26 failures while highlighting Q4 recovery momentum.

Growth

Revenue grew 3% YoY to ₹2,487cr; service revenue (annuity) up 6% to ₹2,312cr. EBITDA margins fell from 19.2% to 15.6%.

Outlook

FY27 revenue target of ₹2,800-2,900cr with 17-21% service revenue growth. Targeting 25% EBITDA margin by FY27.

Risks

Transaction-fee model extinction in ATMs; liquidity stress among mid-sized MSP clients; high sensitivity to fuel/wage inflation.

Source

Earnings Call filed with BSE, NSE: CMSINFO. Summary written with AI assistance from the document.

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CMS Info Systems Ltd: key numbers

Share price
₹233.17
Market cap
₹3,732 Cr
Revenue (annual)
₹2,487 Cr
Net profit (annual)
₹303.4 Cr
P/E (TTM)
12.7×Sector 22.0×
Promoter holding
0.00%+0.00% QoQ
FII holding
22.70%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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