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Radiant Cash Management Services reported Q1 FY27 consolidated revenue of ₹105.7 Cr, a 5.7% YoY increase, largely driven by a new IDBI mandate. Consolidated Profit After Tax (PAT) stood at ₹5.2 Cr, down 9.5% YoY, while standalone PAT reached ₹8.0 Cr.
The company is focused on improving margins by seeking significant price revisions from customers, expected to materialize this quarter. Subsidiaries RVL and Acemoney are projected to achieve breakeven by Q2FY27 and Q3FY27, respectively. Operational highlights include adding 33 new customers and expanding pin code coverage to 14,997. Technology initiatives like API integration and mobile apps are key for operational optimization. Total cash movement grew 2.3% YoY to ₹43,190.5 Cr, with 62% of revenue originating from Tier 3+ cities.
All announcements from Radiant Cash Management Services Limited