CMS Info Systems

The interim dividend, CMS Info Systems said, will be paid on or before March 7, 2025

CMS Info Systems revenue for the second quarter ended September 30 stood at Rs 624.5 crore

In the managed services businesses, it has booked new orders of Rs 1,850 crore in FY24

Banking logistics and technology player CMS Info Systems on Wednesday reported a 23 per cent jump in its March quarter net profit at Rs 99.4 crore. The company had reported a post-tax profit of Rs 80.6 crore in the year-ago period. The company reported a 25.1 per cent growth in revenue to Rs 627 crore for the March quarter compared to the year-ago period. For 2023-24, its net profit moved up to Rs 374.5 crore from Rs 304.2 crore on the back of an 18.3 per cent growth in revenue to Rs 2,265 crore. Its executive vice chairman and chief executive vice chairman Rajiv Kaul said the current split between the managed services and technology solutions (41 per cent) and the cash business (61 per cent) will broadly remain unchanged in the new fiscal as well. Kaul said that the topline will touch the upper end of the previously announced guidance to have the revenues at Rs 2,500-2,700 crore. The company has cash and equivalents of over Rs 780 crore and is debt-free on a net basis, Kaul said

The shares, however, were quick to recover from their lows to trade just 1 per cent lower (at Rs 393 per share) at 10:05 AM.

While scanning for inorganic growth opportunities, the company is also incubating some businesses like collections and logistics services for bullion

In data shared with Business Standard, the company said the Y-o-Y growth in the October and November period has been at 12.5 per cent, pointing at robust growth in the third quarter as well

CMS Info System Ltd stock closed two per cent higher at Rs 368.75 per share on BSE

CMS Info Systems promoter Sion Investment Holdings Pte on Thursday divested a 19.4 per cent stake in the company for Rs 1,071 crore through open market transactions. Aditya Birla Sun Life Mutual Fund (MF), ICICI Prudential MF, Societe Generale, Public Sector Pension Investment Board, Abu Dhabi Investment Authority Stable, Nomura, Massachusetts Institute of Technology and Goldman Sachs were the buyers of the shares. Sion Investment Holdings Pte Ltd is an affiliate of private equity firm Baring Private Equity Asia (now known as BPEA EQT). Following the stake sale, shares of CMS Info Systems plunged 6.95 per cent to close at Rs 364.05 apiece on the BSE. According to the bulk deal data available with the BSE, Sion Investment Holdings sold 3,00,00,000 shares, amounting to 19.4 per cent stake in cash management and payment solutions company CMS Info Systems. The shares were offloaded at an average price of Rs 357.17 apiece, taking the aggregate transaction size to Rs 1,071.51 crore. Po

At 09:38 AM; around 30.6 million equity shares representing 19.85 per cent of total equity of CMS Info Systems changed hands on the BSE, the exchange data shows.

CMS Info Systems, which is into banking logistics and technology services, on Friday reported a 22 per cent growth in net income to Rs 87 crore for the June 2023 quarter on higher revenue. Its revenue grew 13 per cent year-on-year to Rs 512 crore in the reporting quarter, from which it earned a margin of 29.6 per cent, the company said in a statement. The cash logistics business' revenue rose 12 per cent to Rs 351 crore and gave an operating profit of Rs 94 crore, and the revenue from managed services and technology solutions business grew by 17 per cent to Rs 182 crore, and operational profit of Rs 34 crore. During the quarter the company handled the highest-ever quarterly currency throughput at Rs 3.3 lakh crore, which was 6 per cent more than the 12 trailing months. Managed services business has won Rs 150 crore of new orders in the quarter and successfully installed 5,200 plus ATMs for PNB, thus becoming the largest managed services provider for that bank. Its vice-chairman Ra

The cash in circulation in the Indian economy has more than doubled since demonetisation

It is looking to start new business lines like collection and recover services

Lighthouse India Fund III on Wednesday offloaded shares of Nykaa's parent company FSN E-Commerce Ventures worth Rs 525 crore through open market transactions. According to the bulk deal data available with the BSE, Lighthouse India Fund III, an affiliate of Lighthouse Advisors, sold 3 crore shares of the company. The shares were sold at an average price of Rs 175.13 apiece, taking the aggregate value to Rs 525.39 crore. However, buyer(s) of the shares could not be ascertained. On Wednesday, shares of FSN E-Commerce Ventures closed 3.91 per cent lower at Rs 184.50 on BSE. In a separate transaction, Sion Investment Holdings Pte sold shares of CMS Info systems for Rs 100 crore. Sion Investment Holdings Pte offloaded 30,01,100 shares at an average price of Rs 333.05 per scrip, taking the transaction value to Rs 99.95 crore, as per bulk deal data available with the National Stock Exchange (NSE). Meanwhile, SmallCap World Fund acquired the shares of the company at the same price. CMS

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'At sector level, large banks, both public-sector as well as private, need to increase their reach'

The revenues of CMS info Systems rose by 22 per cent to Rs 1,589.7 crore in FY22 from Rs 1,306 crore in FY21