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Earnings Call Transcript

Radiant Cash Management Services Earnings Call Transcript: Key Takeaways

Underwhelming Q2: standalone EBITDA margin halved to 7.6% on manpower costs despite 7.5% revenue growth. Management pins recovery on 12–15% price hikes from Q3, offering no margin number.

Radiant Cash Management Services Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growthStandalone +7.5% YoY on flat cash volume; consolidated +4.4%.
MarginsStandalone EBITDA margin 7.6% vs 15.2% YoY; consolidated 6.8% vs 13.1%.
Demand visibilityFlat cash volumes; bank-led growth slowed; direct clients to drive growth.
Management confidenceDefensive on peer comparison; confident recovery, but no numbers given.

Growth

Standalone revenue +7.5% YoY (consolidated +4.4%) on flat cash volume; growth is price/mix-led, not volume-led.

Outlook

Declined to quantify margin recovery; analyst's 7.6%→20% path unconfirmed. Targets 50,000+ soundboxes in FY27; RVL profitability by year-end.

Risks

Manpower costs (70% of cost) rising; gunman shortage unresolved; price hikes only fully visible from Q4; RVL still loss-making.

Last quarter's promises, checked

Delivered

  • Guided Q2 price-revision close, effective Jul-Oct, 'substantial' → 12–15% hikes won, effective Q3 (= BEAT)

Partly delivered

  • Guided 50,000+ Soundboxes in FY27 → 21,000 deployed in Q2, H1 total not stated (= PARTIAL)

Missed

  • Guided 17–18% FY27 standalone EBITDA margin → Q2 7.6% (= MISS, trajectory)
  • Guided RVL breakeven in Q1 FY27 → still loss-making (= MISS)
  • Guided double-digit FY27 revenue growth → Q2 standalone +7.5% (= MISS, trajectory)
Source

Earnings Call Transcript filed with NSE, NSE: RADIANTCMS. Summary written with AI assistance from the document.

Read the document ↗

Radiant Cash Management Services Ltd: key numbers

Share price
₹33.96
Market cap
₹362.4 Cr
Revenue (annual)
₹429.5 Cr
Net profit (annual)
₹32.26 Cr
P/E (TTM)
14.2×Sector 21.0×
Promoter holding
56.95%+0.00% QoQ
FII holding
0.17%Current quarter

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

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