CMS Info Systems Ltd
CMS Info Systems Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
ATM management solutions business expected to grow at 8%-10% over the next 5 years, driven by outsourcing from PSU banks and improved pricing despite possible reduced volume growth. FY '26 services revenue growth expected at 8%, with H2 services revenue growing from INR1,125 crores to INR1,225 crores.
From CMS Info Systems Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- ATM management solutions business expected to grow at 8%-10% over the next 5 years, driven by outsourcing from PSU banks and improved pricing despite possible reduced volume growth.
- Services revenue projected to grow by 9% in H2 FY '26, reaching INR1,225 crores, leading to overall 8% growth in FY '26 services revenue.
- FY '27 services revenue target set at INR2,700-2,800 crores, representing 15%-19% growth.
- SBI cash outsourcing contract: incremental INR500 crores revenue opportunity over 10 years.
- ATM network expected to reach 74,000-75,000 ATMs by March FY '26.
- Retail business showing recovery with a 20% volume increase in October post-soft Q2.
- HAWKAI platform scale-up on track to cover 50,000+ sites by year-end with 50% CAGR growth opportunity.
- Technology business targeted to increase its revenue share to around 10% by FY '26/'27, with expectations to cross 10% and possibly approach 15% in coming years.
- New contracts and network optimization to drive margin improvements in H2 FY '26 and beyond.
Profitability & Margins
See what CMS Info Systems Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex spend in H1 FY '26 was INR175 crores, with a full-year estimate of around INR300 crores.
- Recent acquisition of company Securens relates to the technology business.
- Significant investment is ongoing in the technology segment, particularly for the HAWKAI platform (remote monitoring & AI).
- Capex is spread across three segments (ATM cash management, retail solutions, technology), with no singular priority but focused on projects meeting return thresholds.
- Technology business capex aims to support growth, targeting INR250 crores revenue from INR100 crores currently.
- Investments include expanding the GIG model for new retail markets, leveraging machine learning for operational efficiency.
- Management evaluates capital allocation on project merits, avoiding ventures without sustainable 3-5 year returns.
- Technology business expected to contribute ~10% of revenue by FY '26-27.
- Capex partly deferred/curtailed in previous year but ramped up as projects go live.
Top-ranked in Commercial Services & Supplies
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what CMS Info Systems Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of the current quarter, CMS Info Systems has around INR 1,400 crores worth of projects under execution, which includes work-in-progress (WIP) and capital work-in-progress (CWIP) related to these projects.
- In the latest quarter, the company won new orders worth INR 500 crores.
- The total pending order book to be executed stands at approximately INR 1,400 crores.
- These orders consist of fixed-price contracts including UPI-related projects and branch UPI solutions.
- The company is actively executing and winning large orders, translating into upcoming revenues.
- No updates on acquisition size or emissions are available at present; any such developments will be communicated in due course.
CMS Info Systems Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹633 Cr, net profit ₹79 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What CMS Info Systems's management said in earlier quarters
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Frequently Asked Questions
What were CMS Info Systems Ltd Q2 FY26 results?
ATM management solutions business expected to grow at 8%-10% over the next 5 years, driven by outsourcing from PSU banks and improved pricing despite possible reduced volume growth. FY '26 services revenue growth expected at 8%, with H2 services revenue growing from INR1,125 crores to INR1,225 crores.
What is CMS Info Systems Ltd share price analysis?
CMS Info Systems Ltd currently shows a neutral. The stock trades at a P/E of 14.6 with a market cap of ₹4,519 Cr. Investors should review the full earnings analysis for detailed insights.
Is CMS Info Systems Ltd planning capital expenditure?
Capex spend in H1 FY '26 was INR175 crores, with a full-year estimate of around INR300 crores.
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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.