On a consolidated basis, CMS Info Systems’ net profit reported a 25.8% rose to Rs 75.78 crore in the Oct-Dec quarter of FY23 from Rs 60.24 crore in the Oct-Dec quarter of FY22.
Revenue from operations increased 21% year on year (YoY) to Rs 488.32 crore in the Oct-Dec quarter of FY23. Profit before tax surged 27% to Rs 103.23 crore in the Oct-Dec quarter of FY23 as against Rs 81.26 crore posted in the Oct-Dec quarter of FY22.
The company said it had achieved the highest-ever quarterly currency throughput at Rs 3.3 lakh crore, up 10.7% YoY.
CMS is a cash management and managed services provider, which includes ATM cash management, cash in transit and retail cash management. The company has operated services, including brown label ATMs, banking automation, managed services, remote monitoring and software solutions.
The company’s shares fell 2.93% yesterday to end at Rs 305 on BSE.