CMS Info Systems reported its Q3 FY26 consolidated performance, highlighting a 4% QoQ growth in Services Revenue, bolstered by a massive ₹1,000 Cr contract win from SBI. While consolidated PBT before exceptional items saw an 8% QoQ dip, the company secured significant long-duration deals and deployed new AI solutions. Management expressed confidence, noting the quarter marked a bottoming out after recent volatility, positioning them strongly for FY27 goals.
CMS Info Systems Q3 FY26 Financial Highlights
CMS Info Systems announced its Un-Audited Financial Results for the quarter and nine months ended December 31, 2025, reporting key figures on a consolidated basis. The company noted an overall challenging environment due to wage inflation and macro events impacting margins over the last two quarters.
Consolidated Performance Summary (Q3 FY26)
- Revenue: ₹618 Cr, showing a 2% QoQ Growth.
- Business EBITDA*: ₹158 Cr, marking a strong 9% QoQ Growth.
- PBT before exceptional items: ₹88 Cr, reflecting a -8% QoQ Growth (Note: Q2 FY26 included one-off benefits of ₹12 Cr from ESOP/PLI reversal).
*Business EBITDA is defined as Reported EBITDA plus Corporate Costs.
Segmental Performance Snapshot
The Managed Services & Technology Solutions segment demonstrated robust growth, contrasting with a slight contraction in Cash Logistics Revenue:
| Segment | Revenue | EBIT |
|---|---|---|
| Cash Logistics (Q3 FY26) | ₹384 Cr (QoQ Growth: -3%) | ₹63 Cr (QoQ Growth: 7%) |
| Managed Services & Technology Solutions (Q3 FY26) | ₹295 Cr (QoQ Growth: 9%) | ₹39 Cr (QoQ Growth: 4%) |
Key Operational and Business Updates
The quarter was marked by several significant contract wins and strategic deployments that underpin future revenue visibility:
- The company secured a major 10-year contract with SBI valued at ₹1,000 Cr, providing ₹500 Cr in incremental revenue.
- Order books with ICICI Bank and India Post are now reportedly 75% live.
- The Enterprise HAWKAI solution has been launched at a leading PSU bank, implementing 16 advanced AI use cases.
- A term sheet was signed for a business transfer with a Managed Services Provider, estimated to be valued between ₹100-125 Cr.
- The company absorbed a one-time wage code impact amounting to ₹11 Cr.
- The Board declared an interim dividend of ₹2.75 per share.
CEO Commentary and Outlook
Mr. Rajiv Kaul, Exec. VC & CEO, stated that FY26 has been volatile following a strong 18% CAGR between FY22 and FY25. He expressed confidence that Q3 reflects a bottoming out phase, especially following large wins totaling over ₹1,500 Cr+ with SBI and ICICI. The company is positioning itself well to achieve its ambitious FY27 revenue goal of ₹2,800 Cr through expected strong QoQ gains.
Investor Call Details
An analyst conference call to discuss these results is scheduled for Friday, February 13, 2026, at 12 pm (IST). The corresponding investor presentation will be made available on the company website, www.cms.com.
Source: BSE
