'CMS Info Systems conducted a conference call on 28 October 2024 to discuss its financial results for the quarter ended September 2024. Rajiv Kaul, Executive Vice chairman, whole time director and CEO of the company addressed the call:
Highlights:
In a slower than expected H1 the company was able to grow revenue at a strong 16% representing a consistent and a strong business momentum
H1 has seen some prolonged and intense monsoons and a extended election cycle which affected consumption trends which led to lower activities on both cash Logistics network as well as brown label ATM (BLA) Network impacting revenue and realizations
Cash Logistics business continues to expand the network with 11% growth in touch points to 143,000 points which also showcases and demonstrates the results of investments and building capacity and deepening coverage.
On the managed services, In the retail business direct to retail segment, the company is now working with...
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