CMS Info Systems delivers 7th consecutive quarter with 20% YoY earnings growth
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Highlights of Q3FY24 results:
* Delivers seventh consecutive quarter with 20% YoY earnings growth with strong quarterly growth in revenue & PAT across the platform
* New business wins of INR 600 crore in the quarter, YTD new business wins now at INR 1,250 crore in Managed Services & Technology Solution business
* Won mandate for ALGO AIoT Remote Monitoring Solution for 2,000 new sites
* Added 4,000 business points in cash logistics, 10% YoY growth
* Aim to grow between 17% - 19% in FY24 and have total revenues in the range of Rs. 2250-2300 Cr revenues for FY24
Commenting on the performance of the Company, Mr. Rajiv Kaul – Executive Vice Chairman, Whole Time Director and CEO said, “We are happy with the strong growth in revenue and PAT, driven by growth across our platform. We are seeing the benefits from both increased formalization and refresh cycle in the banking sector. Our integrated platform is helping us execute large order book. We have also won new orders and our total order book has grown to INR 4,400 Cr. Our solutions and technology automation capabilities are helping us forge deeper enterprise relationships. Basis the execution and order book, we aim to grow between 17% - 19% in FY24 and have total revenues in the range of Rs.
2250-2300 Cr revenues for FY24.”
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