Revenue growth was dampened by a significant nationwide cash supply squeeze, but management aggressively raised EBITDA margin guidance through automation and pricing discipline despite external macro headwinds.
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.
CMS reported a difficult FY26 with 6% services revenue growth to ₹2,312 Cr. Strategy focuses on AI-led transformation and diversification into higher-margin Tech & Payment solutions.