CMS Info Systems reports healthy 17% revenue growth in Q1`FY25
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CMS Info Systems Limited, India’s leading business services company offering banking logistics and technology services, announces its financial results for Q1’FY25
Q1’FY25 Consolidated & Segmental Financial Performance:
Q1’FY25 Other Highlights:
- Business points for cash logistics segment at 140,000, 11% YoY growth
- Managed Services & Technology Solutions business new order wins of INR 200 Cr
- In ALGO AIoT Remote Monitoring Solution business, won a large unified ‘Build & Operate’ mandate for bank branch surveillance transformation project across 2000 locations. This will be an integrated solution with a 24X7 centralized on-prem command & control centre and will converge the bank’s tech stack with new 10+ AI & ML modules.
Commenting on the performance of the company, Mr. Rajiv Kaul – Executive Vice Chairman, Whole Time Director and CEO said, “In a seasonally weak quarter, we continue to deliver strong revenue growth and maintain a high-quality margin profile. Our Managed Services & Technology Solutions business has grown 30%+ and is on track to cross INR 1000 Cr revenue in FY25. Overall, we are reasonably confident of revenue growth being in the 15%-19% range, to achieve our guidance of INR 2,600-2700 Cr revenue for FY25.”
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