CMS Info Systems (CMSINFO) Q4 18/19 earnings summary

Executive summary

• FY19 revenue from operations reached ₹9,029.72m vs ₹7,418.49m; profit after tax was ₹911.98m vs ₹761.66m.

• Handled over 40% of India’s cash in circulation, with services reaching 11,000+ pin codes and 98%+ of districts.

Financial highlights

• Revenue from operations: ₹9,029.72m in FY19 vs ₹7,418.49m in FY18; other income: ₹176.13m vs ₹151.56m.

• Profit after tax: ₹911.98m vs ₹761.66m; total comprehensive income: ₹911.38m vs ₹762.80m.

Outlook and guidance

• New RBI and MHA operating and security guidelines are expected to strengthen the cash-management ecosystem over the medium and long term; near-term ATM deployment was delayed by cost uncertainty.

• RBI’s committee review of interchange fees and its push for ATM access within 3 km may support sector development; dual-interface and National Common Mobility Cards are expected to drive card volumes.

• Industry consolidation is expected to continue, with potential operating synergies; minimum-net-worth rules for cash-management firms may accelerate consolidation.