CMS Info Systems reports flat H1 revenue as ATM delays hit profits

CMS Info Systems reported flat H1 FY26 revenue of ₹1236 Cr, a 1% year-over-year growth, with Q2 FY26 revenue at ₹609 Cr, a 3% decline. Consolidated PAT for H1 FY26 was ₹167 Cr, down 8% year-over-year, while Q2 FY26 PAT fell 19% to ₹73.3 Cr. This performance was attributed to softer retail consumption and temporary delays in key banks' ATM refresh cycles.

The Cash Logistics Business saw Q2 FY26 revenue grow 1% to ₹395 Cr, but EBIT declined 39% to ₹59 Cr. For H1 FY26, revenue increased 4% to ₹812 Cr, with EBIT down 19% to ₹159 Cr. The Managed Services & Technology Solutions Business posted Q2 FY26 revenue growth of 3% to ₹271 Cr, though EBIT decreased 5% to ₹38 Cr. H1 FY26 revenue for this segment grew 5% to ₹528 Cr, with EBIT down 8% to ₹74 Cr.

Key updates include new order wins of ₹500 Cr in Q2, bringing H1 wins to ₹1,000 Cr, and the completed acquisition of Securens. CMS expects margins to recover in H2 FY26, targeting a 9% growth in services revenue to build a strong base for FY27.