CMS Info Systems logs 8% y-o-y growth in Q2 net profit

28 Oct 2024 , 10:15 AM

CMS Info Systems Ltd reported a 7.8% YoY rise in net profit to ₹90.9 Crore for the second quarter ending September 30, 2024.

CMS Info Systems reported a net profit of ₹84.3 Crore for the same period in the previous fiscal year, according to a regulatory filing. The company’s revenue from operations increased by 15% to ₹624.5 Crore from ₹543.7 Crore in the same period last year.

In the second quarter of this fiscal year, EBITDA increased by 5.1% to ₹153 Crore, up from ₹145.5 Crore in the same period last year.

The EBITDA margin was 24.5% in the reporting quarter, down from 26.8% in the same period last fiscal year.

CMS Info Systems reported an 11% year-over-year increase in business points for its cash logistics sector, with 143,000 locations. In Q2, the business earned new orders of ₹200 Crore, increasing the total for H1 FY25 to ₹400 Crore in the Managed Services and Technology Solutions division.

The company continues to achieve excellent 16% revenue growth in H1, consistent with its long-term 17% growth CAGR. Its cash logistics business is operating well, with a consistent 9% revenue growth and increased market share in key growth sectors.

In the first half, the Managed Services & Technology Solutions business segment generated over ₹500 Crore in sales, a 30% increase. Our AIoT RMS use cases are being tested in non-BFSI domains. The company is focussing on accelerating order book execution to end Q4 with a solid foundation for FY26.

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