CMS Info Systems (CMSINFO) Q4 17/18 earnings summary

Executive summary

• FY18 currency handled through ATM and retail cash-management services reached ₹8.28 lakh crore, up 14% YoY; service reach exceeded 11,000 pin codes and 98% of Indian districts.

• Operating income declined YoY, while profit after tax attributable to equity shareholders increased to ₹761.66 million from ₹745.40 million.

Financial highlights

• Operating income was ₹7,418.49 million in FY18 versus ₹7,833.57 million in FY17; total income was ₹7,570.05 million versus ₹7,903.25 million.

• Profit before tax was ₹1,156.60 million versus ₹1,153.09 million; profit after tax was ₹761.66 million versus ₹745.40 million.

• Total comprehensive income was ₹762.79 million in FY18 versus ₹746.46 million in FY17.

Outlook and guidance

• India had 18 ATMs per 100,000 people versus a global average of 42, with growth opportunities particularly in semi-urban and rural areas.

• FY18 ATM deployments were slow, affected by demonetization’s aftermath and stress in the banking sector.