CMS Info Systems reports 25% PAT & 15% Revenue YoY growth in Q2`FY24
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CMS Info Systems Limited, India’s leading business services company offering banking logistics and technology services, announces its results for Q2-FY2024.
Q2-FY2024 Operational Highlights:
* New business wins of INR 500 crore in the quarter, H1’FY24 new business wins now at INR 650 crore in Managed Services
* Business points for Cash Logistics at 129,000, up 12% YoY
* Phase 1 of cassette swap roll-out on ~15% ATMs successfully completed
Commenting on the performance of the Company, Mr. Rajiv Kaul – Executive Vice Chairman, Whole Time Director and CEO said, “Q2’FY24 is our sixth consecutive quarter with 20%+ YoY earnings growth. Our H1 revenue growth of 14% highlights the growth opportunity in the Banking and Retail sectors. Banks are focusing on expansion and refresh of their physical infrastructure, and we are seeing the organized retail category growing well post-COVID. Our consistent performance is testimony to our strong quality and execution of our order book.”
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