CMS Info Systems (CMSINFO) Q4 19/20 earnings summary

Executive summary

• FY20 standalone revenue from operations rose to ₹11,620.65 million from ₹9,029.72 million; profit after tax increased to ₹1,276.65 million from ₹911.98 million.

• Cash management operations handled more than ₹9,000 billion in currency throughput; services continued through the initial COVID-19 disruption.

Financial highlights

• Revenue from operations was ₹11,620.65 million in FY20 vs ₹9,029.72 million in FY19; profit before tax was ₹1,814.07 million vs ₹1,401.29 million.

• Profit before depreciation, finance costs, exceptional items and tax was ₹2,362.07 million vs ₹1,661.96 million; depreciation and amortisation was ₹481.79 million vs ₹258.01 million.

• Finance costs were ₹66.21 million vs ₹2.66 million; tax expense was ₹537.42 million vs ₹489.31 million.

• Profit after tax was ₹1,276.65 million vs ₹911.98 million; total comprehensive income was ₹1,275.47 million vs ₹911.38 million.

Outlook and guidance

• Liquidity focus and accelerated cost-optimization initiatives were identified as measures to navigate near-term demand challenges.

• Work-from-home arrangements were enabled by March 31, 2020 to support secure remote work and continuity of customer services.