CMS Info Systems logs 48% growth in Q3 net at ₹60 crore

Whole forex dealt with by CMS Data Techniques grew by 18.1% to ₹2.80 lakh crore

Money administration agency CMS Data Techniques, which closed the final IPO of 2021 with a ₹1,100-crore share sale within the third week of December, has reported a internet earnings of ₹60.2 crore for the quarter ending December 2021, which was increased by 48 per cent year-on-year, when the corporate was privately held.

The Mumbai-based firm stated its annualised income rose 21.4 per cent to ₹40.37 crore pushed by progress throughout each money administration and managed providers companies. Its earnings per share for the quarter was ₹4.07, increased by 48 per cent.

CMS Data is the nation’s largest money administration firm based mostly on variety of ATM factors and the variety of retail pick-up factors in addition to one of many largest ATM money administration corporations worldwide.

Its companies embody ATM and retail money administration, forex chest automation, bullion logistics, banking automation options, brown label ATMs and managed providers, multi-vendor software program options, distant monitoring providers and card issuances and administration personalisation.

Commenting on the earnings, Rajiv Kaul, govt vice-chairman & chief govt of CMS, stated, “We’re witnessing a powerful restoration as exercise ranges throughout our community of over 1,45,000 touch-points. This had our quantity and market share rising throughout all our verticals of money administration, ATM managed providers and tech options.”

The entire forex in circulation continues to develop at a strong price and has crossed ₹30 lakh crore in December, he stated, including its community continued to see a powerful ATM requests for proposal pipeline that demonstrates the banking sector’s give attention to refreshing and increasing the ATM community. The pipeline stands at over 30,000 ATMs over the following 12 months.

Income from money enterprise for the quarter rose 19.4 per cent to ₹292.4 crore, giving it an working revenue of ₹70.7 crore, increased by 22.8 per cent.

Whole forex dealt with by CMS Data Techniques grew by 18.1 per cent from ₹2.37 lakh crore to ₹2.80 lakh crore within the reporting quarter.

“Our total money administration community grew to 1,12,000 by December 2021, a progress of 15.4 per cent as we proceed to broaden our community throughout the nation,” he stated.

Income from managed providers enterprise for the quarter was ₹112.7 crore, up 51.2 per cent annualised. Whole ATM community beneath managed providers grew 1.4x to 11,000 and it has an order e-book of over 7,000 ATMs for its proprietary ATM safety software program CMS Algo, he stated.

The CMS Data Techniques counter gained 2.75 per cent to ₹272.75 on the BSE on Friday.

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February 05, 2022