CMS Info Systems

Q1 FY27Commercial Services & Supplies

CMS Info Systems Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹244

Market cap₹4.1K Cr

P/E13.6

Updated25 Aug 2026

Read4 min read

What the Q1 FY27 call signalled

1 of 3 strong

RevenueRank 3

MarginRank 3

CapexYes

Not discussed on this call: fundraise, order book.

The short version

Future growth expectations for CMS Info Systems Limited: - Services revenue growth projected between 15% to 19% in FY27. CMS Info Systems expects strong double-digit growth in both revenue and profits in FY27.

From CMS Info Systems's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 3

Future growth expectations for CMS Info Systems Limited: - Services revenue growth projected between 15% to 19% in FY27. - Platform-wise growth guidance: - ATM Management and Retail & Currency Logistics to grow 11% to 14%. - Technology and Payments platform expected to grow 35% to 40%. - Overall revenue growth expected to be strong double-digit in FY27. - Margins are expected to outperform revenue growth in FY27. - The Technology and Payments segment to contribute over 20% of total revenue by Q4 FY27 (up from 7% in FY22). - Growth driven by increasing adoption of HAWKAI and ALGO MVS products, large long-term contracts with major banks, and portfolio rationalization. - Moderate capex guidance of INR100-125 crores for FY27 to support growth, mainly in technology. - Improvement in currency supply and pricing efforts expected to aid growth normalization.

Profitability & Margins

CMS Info Systems expects strong double-digit growth in both revenue and profits in FY27.
Services revenue growth guidance is between 15% to 19%, with ATM Management and Retail & Currency logistics growing 11%-14%, and Technology & Payments growing 35%-40%.
EBITDA margins are expected to be strong at around 27%, improved from earlier guidance of 25%-26%.
EBIT margins to improve, with depreciation normalizing in FY27 and FY28, and synergy benefits from FSS acquisition kicking in from H2 FY27.
PAT margin was 13.2% in Q1; future improvement expected due to operational efficiencies and revenue growth.
Management aims for earnings growth through investment in technology, product developments (HAWKAI and ALGO MVS), and operational improvements.
Long-term profitability and EPS enhancement are expected as capex stabilizes and new contracts mature.

See what CMS Info Systems said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

FY26 capex was INR350 crores mainly for large project wins and product development (HAWKAI and ALGO MVS).
FY27 capex guidance is INR100-125 crores, focusing mainly on tech business and selective incremental deployment.
Capital allocation priority is towards technology and payments, with minimal to no incremental investment in transaction ATM and brown label ATM business.
Around INR400 crores cash on hand, with plans to keep a buffer for inorganic opportunities to diversify business and expand tech/payments.
Surplus capital beyond near-term needs will be returned to shareholders via dividends or buybacks as appropriate.
Focus on strong double-digit growth supported by technology investments and integration benefits (e.g., FSS acquisition).
Management emphasizes rigorous capital allocation discipline focusing on high-return segments.

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Ranked on what management guided this quarter

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Rev 2Mar 2

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Rev 2Mar 3

5₹6.1K Cr

Rev 2Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

As of the call on August 11, 2026, CMS Info Systems Limited has about INR 400 crores of cash on hand.
The company is currently focused on using cash for inorganic growth opportunities, business diversification, and investments in Technology and Payments.
There is no mention of any immediate plans for raising capital through debt or equity.
Any surplus capital beyond realistic needs for the next 1 to 1.5 years would be returned to shareholders via dividends or buybacks, rather than raising new funds.
The management emphasized a cautious approach toward valuation and pricing of any inorganic opportunities.
Overall, no current or near-future plans for fundraising through debt or equity were indicated in this update.

See what CMS Info Systems said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The current order book and pending orders details are not explicitly provided on page 18.
However, from the preceding pages, it is mentioned that CMS Info Systems has a healthy pipeline of banks interested in implementing their HAWKAI AI-based remote monitoring and visual surveillance systems.
The RFP pipeline for the next 18 to 24 months is robust, indicating a strong potential order backlog.
CMS aims to win integrated end-to-end contracts combining managed services and cash management.
The company continues to target incremental wins higher than its current market share to grow its business continuously.
There is ongoing consolidation in the managed services space, with CMS acquiring FSS, positioning itself for greater wins in public sector bank contracts.
Private sector renegotiations are targeted for closure by Q2 FY27, potentially affecting order commitments.

CMS Info Systems — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹633 Cr, net profit ₹79 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What CMS Info Systems Ltd's management said in earlier quarters

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Frequently Asked Questions

What were CMS Info Systems Q1 FY27 results?

What is CMS Info Systems share price analysis?

CMS Info Systems currently shows a below-average growth signal. The stock trades at a P/E of 13.6 with a market cap of ₹4,076 Cr. Investors should review the full earnings analysis for detailed insights.

Is CMS Info Systems planning capital expenditure?

FY26 capex was INR350 crores mainly for large project wins and product development (HAWKAI and ALGO MVS).

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.