CMS Info systems reports stellar Q3 FY'22 numbers; stock closes higher

7 Feb 2022 , 03:55 PM

CMS Info Systems Ltd.’s consolidated revenue from operations for December 2021 quarter stood at Rs 403.70 crore as against Rs 332.50 crore for December 2020 quarter, up by 21.40% YoY. Revenue for the 9M period ended December 2021 stood at Rs 1,145.60 crore against Rs 895.80 crore for the previous 9M period, increasing 27.90% YoY.

Its EBITDA for Q3 FY’22 was reported at Rs 105.10 crore against Rs 75.20 crore for Q3 FY’21, up by 39.8% YoY. EBITDA for the 9M period ending December 2021 was Rs 283.80 crore against Rs 205.50 crore for the 9M period ending December 2020, up by 38.10% YoY. EBIDTA margin settled at 26.03% for Q3 FY’22.

PAT for the quarter ended December 2021 stood at Rs 60.20 crore against Rs 40.70 crore for the quarter ended December 2020, a growth of 47.90% YoY. Net profit for the 9M period ending December 2021 stood at Rs 160.10 crore, against Rs 112.40 crore for the previous 9M period, registering a growth of 42.4% YoY. PAT margin settled at 14.91% for the quarter ended December 2021 against 12.24% in the previous corresponding quarter.

In its press release, the company stated that it has successfully deployed 3,000 SBI BLA with robust transaction trends resulting in strong revenue and margin growth. The company received strong traction in recently started AI-based remote monitoring solution with an order book of 20,000+ sites.

CMS Info closed at Rs 279 against its previous closing price of Rs 273.25, up by Rs 5.75 or 2.10%. It touched intraday high and low of Rs 284 and Rs 271 respectively.