CMS Info Systems (CMSINFO) Q4 20/21 earnings summary

Executive summary

• FY21 consolidated revenue was ₹13,060.90 million, down from ₹13,832.38 million; profit for the year rose to ₹1,685.23 million from ₹1,347.09 million.

• Standalone revenue was ₹11,309.01 million versus ₹11,620.64 million; standalone profit was ₹1,516.77 million versus ₹1,276.63 million.

• Cash management remained the core business, supported by a 63,000-ATM service network, 3,900 vans and operations reaching over 12,000 pin codes.

Financial highlights

• Consolidated PBT was ₹2,377.50 million versus ₹1,950.61 million; total tax expense was ₹692.37 million versus ₹603.52 million.

• Consolidated basic and diluted EPS were ₹11.39 and ₹11.09, respectively, versus ₹9.10 and ₹8.87 in FY20.

• Consolidated operating cash flow was ₹1,854.42 million versus ₹2,141.56 million; cash and cash equivalents closed at ₹1,335.14 million versus ₹1,591.30 million.

Outlook and guidance

• COVID-19 assessment indicated adequate resources for short-term effects and no material medium- to long-term business impact expected; outcomes could differ as conditions in India evolve.

• Low ATM penetration and sparse semi-urban and rural coverage were identified as opportunities for market expansion.