- Clocks revenue growth of 20% in FY23 and EBITDA growth of 36% YoY
NE BUSINESS BUREAU
MUMBAI, MAY 25
CMS Info Systems Limited, India’s leading business services company offering banking logistics and technology services, on Tuesday announced a 33 percent growth in its PAT at Rs 297 crore in FY23.
The company achieved revenue of Rs 1,915 crore, 20% growth YoY, while the operating profit (EBITDA) grew 36% from Rs 408 crore to Rs 552 crore in FY23.
| Revenue
Rs 1,915 crore YoY Growth: 20% |
EBITDA
Rs 552 crore YoY Growth: 36%
|
EBITDA Margin
28.6% YoY Growth: 310 BPS
|
PAT
Rs 297 crore YoY Growth: 33%
|
The company achieved revenue of Rs 501 crore, 13% growth over the same quarter last year, while the operating profit (EBITDA) grew 25% from Rs 140 crore to Rs 149 crore in the quarter.
| Revenue
Rs 501 crore YoY Growth: 13%
|
EBITDA
Rs 149 crore YoY Growth: 25%
|
EBITDA Margin
29.7% YoY Growth: 100 BPS
|
PAT
Rs 80 crore YoY Growth: 25%
|
The company’s highest ever currency throughput at Rs 12.7 Lakh Crore in FY23, 16% growth YoY. 11% YoY growth in total business commerce points for ATM and Retail (124,000 as of Mar’23) and 16% YoY growth in critical service activities in FY23
Commenting on the performance of the Company, Rajiv Kaul – Executive Vice Chairman, Whole Time Director and CEO, CMS Info Systems said, “We continue to deliver high growth and earnings. Our FY23 PAT has grown by 33% and we have also crossed a milestone with revenues of Rs. 500 Cr in the last quarter. With robust growth in credit, banks are now investing in expanding and capturing a wider deposit share by deepening their geographical presence. In addition, the formalization of the economy and consumption increase in both metro and rural areas, along with our strong order book, positions us well for continuing to deliver to our target of doubling revenues from FY21 to FY25.”
