Shares of CMS Info Systems Ltd were buzzing in trade after the company secured a major annual maintenance contract with HDFC Bank. The CMS Info Systems share price jumped nearly 10% to hit an intraday high of ₹319 apiece on the NSE.
CMS Info Systems has been awarded an integrated ATM managed services outsourcing mandate by HDFC Bank, India's largest private sector bank. As part of a 5-year contract, CMS will offer managed service solutions including currency forecasting & logistics, and it's Vision AI solution-HAWKAI. The order is valued at ₹400 crore across 6,000 ATMs.
Earlier in March, the company acquired the ATM Managed Services business of Financial Software and Systems (FSS) for a purchase consideration of up to ₹115 crore. The transaction involves the transfer of operating assets and novation of customer contracts. The transaction is expected to close in Q1FY27.
The company's ATM Management Solutions business, where it acts as the end-to-end technology and operations partner for bank networks, generated around ₹1,300 crore in FY25 services revenue, with an 11% CAGR outlook through FY30. This acquisition grows the managed services portfolio from around 31,000 to 39,000 units, distinct from the around 68,000 machines CMS services through its currency logistics operations. Retail Solutions & Currency Logistics and Technology & Payment Solutions complete the platform, the latter including its VisionAI solution, HAWKAI.
In Q3FY26, the company posted 6% YoY growth in revenue at ₹618 crore as compared ₹581 crore in the same period last year. On the operational front, the company's EBITDA for the quarter plunged 13% YoY to ₹158 crore as compared to ₹182 crore. Similarly, the EBITDA margin for the business also contracted to 25.6% vs 31.3% in the same period last year.
CMS Info Systems operates its business in cash management services, banking automation product sales, deployment and associated annual maintenance and Label deployment and managed services for banks.