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CMS Info Systems reports 14% rise in Q4 profit

CMS Info Systems has handled total currency of ₹11.2 trillion in FY22, a 22% growth over the previous financial year, indicating robustness of cash usage (HT_PRINT) — CMS Info Systems has handled total currency of ₹11.2 trillion in FY22, a 22% growth over the previous financial year, indicating robustness of cash usage **(HT_PRINT)**

1 min read . Updated: 10 May 2022, 12:45 PM IST Livemint

The profit came on the back of ₹444.1 crore in revenues, up 8% on a year-on-year (y-o-y) basis and expansion in its operating margin by 280 basis points (bps) y-o-y to 26.4% in Q4

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Cash management and payment solutions company CMS Info Systems on Tuesday reported a consolidated net profit of ₹64 crore in the three months through March, up 14% from the same period last year.

This came on the back of ₹444.1 crore in revenues, up 8% on a year-on-year (y-o-y) basis and expansion in its operating margin by 280 basis points (bps) y-o-y to 26.4% in Q4. While its cash management services posted earnings before interest and taxes (EBIT) of ₹75.6 crore in Q4, that of its managed services division stood at ₹26.3 crore in the same period.

The company said it has handled total currency of ₹11.2 trillion in FY22, a 22% growth over the previous financial year, indicating robustness of cash usage. Its cash management network grew 10% y-o-y to over 113,000 points as of March 2022.

“Our company has delivered strong performance, growing revenue by 22% and profit after tax (PAT) by 33% in FY22. This is a result of volume growth, market share gains, improvements activity levels and benefits of operating leverage due to route density and automation," said Rajiv Kaul, executive vice-chairman, whole time director and chief executive, CMS Info Systems.

Kaul said that the company’s new business segments are growing robustly and is focused on continuing the growth trajectory.

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