In early trading on October 26, shares of CMS Info Systems Limited experienced a nearly 4 percent decline, settling at Rs 354. This dip followed the release of the company’s Q2 results.
Despite the market reaction, CMS Info Systems displayed a robust performance, reporting a noteworthy 16.34 percent year-on-year surge in consolidated profit after tax, reaching Rs 84.35 crore for the second quarter, up from Rs 72.5 crore in the same period last year. On a quarter-on-quarter basis, net income saw a marginal uptick of 0.08 percent.
During this reporting quarter, the consolidated revenue totaled Rs 543.7 crore, showcasing a significant 15.2 percent year-on-year increase from Rs 471.6 crore in the corresponding quarter of the previous year. Moreover, there was a commendable 6.29 percent growth on a quarter-on-quarter basis.
The Earnings per Share (EPS) for the September quarter saw a rise to Rs 5.43, in stark contrast to Rs 4.71 in the corresponding quarter of the previous year.
The revenue generated from cash management services (CMS) reached Rs 360.5 crore, highlighting an 11.19 percent year-on-year growth. CMS encompasses a range of businesses, including cash logistics, banking automation, managed services, remote monitoring solutions, and technology solutions.
Furthermore, revenue from managed services and card services experienced an impressive 25.8 percent year-on-year increase, amounting to Rs 206 crore.
As of 1:06 PM, the shares were trading 3.43 percent lower at ₹355.00.
