Radiant Cash Management Services Limited — Investor Meet, 13-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Radiant Cash Management reported Q2 standalone revenue flat at INR 102 Cr. Consolidated Q2 revenue grew 4.6% QoQ to INR 107 Cr, with EBITDA margins improving to 13.1% (up 150 bps QoQ). Margins were affected by losses in Valuable Logistics and higher fixed costs, though Acemoney’s losses narrowed. H1 cash handled was INR 83,000 Cr (+1.3% YoY), contributing to a flat H1 overall business of INR 200 Cr.

Management is undertaking strategic measures: broadening services to banks, strengthening direct client business (now 15.7% of standalone revenue), and implementing INR 5 Cr annualized cost savings from Q3. They anticipate significant margin improvement in H2, with October trends positive, targeting 25% EBITDA margins by FY27.

Acemoney's revenue bounced to INR 4.9 Cr in Q2 (from INR 1.7 Cr in Q1), with reduced EBITDA losses (INR 1.56 Cr). It targets 1 lakh+ POS machines this FY and aims to be profitable in H2. Valuable Logistics revenue almost doubled and is expected to break even this fiscal year. The company maintains its wide network across 14,500 pin codes and sees no significant threat from digital payments as currency circulation grows.

Management conveys confidence that these initiatives will drive better growth and profitability in the current financial year, evolving Radiant into a hybrid digital platform.