CMS Info Systems Limited — Investor Meet, 11-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

CMS Info Systems' Q2 saw revenue at INR 609 Cr, with PAT at INR 73 Cr (down 20% QoQ) due to temporary ATM volume dips, higher wages, and INR 10 Cr provisioning. Management called H1 transitional. However, outlook for H2 is positive: new INR 500 Cr incremental SBI outsourcing contract (over 10 years) and October retail volumes up 20% MoM. HAWKAI tech business is rapidly scaling, targeting INR 250 Cr revenue in two years, with a large INR 3,000 Cr+ industry opportunity in bank branch surveillance. CMS aims to restore FY'25 margins by year-end via new contracts and cost cuts, providing a solid foundation for FY'27 growth. Management is confident in strategic moves.