CMS Info Systems Ltd News
CMS Info Systems to bid for management contracts for 20,000 ATMs
In the managed services businesses, it has booked new orders of Rs 1,850 crore in FY24
 "CMS Info Systems to bid for management contracts for 20,000 ATMs")
CMS Info Systems Q4 results: Net profit jumps 23% to Rs 99.4 crore
Banking logistics and technology player CMS Info Systems on Wednesday reported a 23 per cent jump in its March quarter net profit at Rs 99.4 crore. The company had reported a post-tax profit of Rs 80.6 crore in the year-ago period. The company reported a 25.1 per cent growth in revenue to Rs 627 crore for the March quarter compared to the year-ago period. For 2023-24, its net profit moved up to Rs 374.5 crore from Rs 304.2 crore on the back of an 18.3 per cent growth in revenue to Rs 2,265 crore. Its executive vice chairman and chief executive vice chairman Rajiv Kaul said the current split between the managed services and technology solutions (41 per cent) and the cash business (61 per cent) will broadly remain unchanged in the new fiscal as well. Kaul said that the topline will touch the upper end of the previously announced guidance to have the revenues at Rs 2,500-2,700 crore. The company has cash and equivalents of over Rs 780 crore and is debt-free on a net basis, Kaul said
 "CMS Info Systems Q4 results: Net profit jumps 23% to Rs 99.4 crore")
