CMS Info Systems Q4 Services Revenue Up 6% to INR 2,312 Crore, Margins Rise 280bps
HDB•CMS Info Systems posted Q4 services revenue of INR 2,312 crore, up 6%, with margins up 280bps while securing contracts with SBI, ICICI and HDFC for its FY27 order book. Full-year revenue grew 3%, but EBITDA fell 5% and PAT dropped 20% due to an INR 150 crore delay.
1. Q4 Financial Performance
CMS Info Systems delivered Q4 services revenue of INR 2,312 crore, a 6% increase year-on-year, while boosting EBITDA margins by 280 basis points. The cash logistics division gained 200 basis points of market share, and the payment solutions segment expanded its contribution from 7% to 16% of total revenue.
2. Major Contract Wins
The company secured significant outsourcing deals with SBI, ICICI Bank and HDFC Bank, strengthening its order book for FY27. Management targets INR 2,900 crore in full-year revenue and aims for INR 650 crore in Q1, driven by the execution of these new contracts and ongoing project rollouts.
3. FY26 Challenges And FY27 Outlook
For FY26, overall revenue rose just 3%, while EBITDA declined 5% and PAT fell 20%, impacted by an INR 150 crore project delay and higher wage costs. Leadership remains cautious on achieving a 25% EBITDA margin goal, citing inflation, geopolitical risks and a strategic shift toward fixed-fee contracts over transaction-linked models.
