Conference Call with CMS Info Systems Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Financial Services company CMS Info Systems announced Q3FY24 results: Consolidated Revenue for Q3FY24 reached Rs 582 crore, showcasing a strong YoY growth of 19%. Adjusted EBITDA increased to Rs 163 crore, reflecting a significant YoY growth of 16%. Adjusted PAT for the quarter stood at Rs 96 crore, indicating a robust YoY growth of 22%. The Adjusted PAT Margin saw an improvement, reaching 16.5%, with a notable YoY growth of 40 basis points. New business wins of Rs 600 crore in the quarter, YTD new business wins now at Rs 1,250 crore in Managed Services & Technology Solution business Won mandate for ALGO AIoT Remote Monitoring Solution for 2,000 new sites Added 4,000 business points in cash logistics, 10% YoY growth Continue to strengthen our infrastructure, added 500 vans to our fleet (YTD) Commenting on the performance of the Company, Rajiv Kaul – Executive Vice Chairman, Whole Time Director and CEO said, “We are happy with the strong growth in revenue and PAT, driven by growth across our platform. We are seeing the benefits from both increased formalization and refresh cycles in the banking sector. Our integrated platform is helping us execute large order book. We have also won new orders and our total order book has grown to Rs 4,400 crore. Our solutions and technology automation capabilities are helping us forge deeper enterprise relationships. Basis the execution and order book, we aim to grow between 17% - 19% in FY24 and have total revenues in the range of Rs 2,250-2,300 crore revenues for FY24.” Result PDF