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CMS Energy — cms q1fy27 investor ppt updated 592430 (company IR deck)
CMS Energy (CMS) · 23 slides · Filed Oct 20, 2026
Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All CMS deck slides
Slide 1 — Q1FY27 Earnings Presentation
C M S I N F O S Y S T E M S L I M I T E D Q1FY27 Earnings Presentation Where Platform Meets Possibilities 10th Aug 2026 cms.com
Slide 2 — Disruptions
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . 02 Where Platform Meets Possibilities cms.com Q1 Update: Resilient Performance amidst Industry-wide Cash Supply Disruptions of FY27 services revenue is now contracted, against about 85% in May WHAT WE SAID ₹2,000 Cr order book into FY27 about 85% of the year’s services revenue contracted Enter Q1 at a services run rate near ₹650 Cr Cash supply from Banks was the one visible risk WHAT HAPPENED Services revenue ₹625 Cr highest ever, up ~3% QoQ and 9% YoY EBITDA margin 27.2% 170 bps QoQ and 190 bps YoY Cash-supply risk materialised, ₹25 Cr impact (Q1) Cash Supply ~70% of Indented Amount
Slide 3 — Highest ever Services Revenue; Margins expanded 170 bps sequentially
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. Highest ever Services Revenue; Margins expanded 170 bps sequentially 03 Where Platform Meets Possibilities cms.com SERVICES REVENUE ₹ Cr 538 535 550 562 571 554 577 609 625 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 EBITDA MARGIN % 25.3% 22.8% 22.8% 25.6% 27.2% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 PAT MARGIN % 14.9% 12.1% 9.3% 12.5% 13.2% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27
Slide 4 — Currency Supply issues impacted ATM Revenue by ₹25 Crs in Q1 FY27
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. Currency Supply issues impacted ATM Revenue by ₹25 Crs in Q1 FY27 04 Where Platform Meets Possibilities cms.com Intensive Industry engagement; Situation improving from July Currency Supply had a direct impact on ATM Transactions -1.1% -6.7% -27.2% Well supplied (≥90% fill) Partly supplied (70–90% fill) Under-supplied (<70% fill) CMS Txn. BLA estate (YoY Transaction Impact)
Slide 5 — Steep Wage inflation, Middle East crisis impact on fuel price increasing costs;
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. Steep Wage inflation, Middle East crisis impact on fuel price increasing costs; repricing of contracts underway 05 Where Platform Meets Possibilities cms.com 8% Fuel price increase in last 6 months Recovering the Cost Impact Through Repricing Private Sector Banks and Retail Price increases being secured across Pvt Sector Bank and Retail Contracts; Targeting closure by Q2 Public Sector Banks IBA is constituting a committee to engage with the industry, evaluate the cost impact and approve revisions across contracts. 6% to 60% Minimum Wage Increase across key states
Slide 6 — Key Business updates
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. Key Business updates 06 Where Platform Meets Possibilities cms.com HDFC BANK — LIVE Integrated managed services contract won in April is live 6,000 ATMs · 5 years · ₹400 Cr TCV Large multi-year contracts now signed with three of India’s largest banks in 18 months TECHNOLOGY & PAYMENTS Two marquee wins HAWKAI Enterprise RMS win with a leading PSU Bank ALGO MVS S/W win with a large Bank ATM RFP PIPELINE Refresh pipeline across large PSU Banks in progress Two product mandates ~ 1,000 currency recyclers won RETAIL & CURRENCY LOGISTICS Market share maintained while focusing on pricing Revenue by Platforms (%) 59% 58% 57% 29% 26% 25% 12% 16% 18% FY25 FY26 Q1FY27 Tech and Payments Retail and Currency Logistics ATM Management Solutions
Slide 7 — Q1 FY27 Financial Summary
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . 07 Where Platform Meets Possibilities cms.com Q1 FY27 Financial Summary 572 609 625 56 24 10 Q1FY26 Q4FY26 Q1FY27 Revenue YoY +1.2% | QoQ +0.3% Services Product 159 162 173 Q1FY26 Q4FY26 Q1FY27 EBITDA YoY +8.9% | QoQ +6.8% 94 79 84 Q1FY26 Q4FY26 Q1FY27 PAT YoY -10.6% | QoQ +5.8% 627 633 635 +3% ₹Cr Product revenue at a cyclical trough (₹10 Cr vs ₹56 Cr YoY) as banks paused the refresh cycle in FY26; Two recycler mandates (~1,000 units) won in Q1 — refresh resuming
Slide 8 — Q1 FY27 segmental financials
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . 08 Where Platform Meets Possibilities cms.com Q1 FY27 segmental financials 417 400 403 258 294 305 Q1FY26 Q4FY26 Q1FY27 Revenue 100 80 81 36 41 32 Q1FY26 Q4FY26 Q1FY27 EBIT 23.9% 19.8% 20.3% 14.1% 14.1% 10.3% Q1FY26 Q4 FY26 Q1FY27 EBIT % BU YoY QoQ Cash -3% +1% MS +18% +4% BU YoY QoQ Cash -18% +3% MS* -13% -24% 628 633 635 113 102 96 ₹ Cr *MS EBIT impacted due to flow through impact of dip in BLA revenues to margin
Slide 9 — ₹2,650–2,750 Cr
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. FY27 Outlook: Trimming Revenue Slightly on Currency Supply impact, Raising Margin Outlook, Materially Lower Capex 09 Where Platform Meets Possibilities cms.com ₹2,650–2,750 Cr Services revenue ₹2,750-2,850 Cr Total revenue ~27% EBITDA margin ₹100-125 Cr FY27 Capex, against ₹351 Cr in FY26
Slide 10 — COMPANY OVERVIEW
COMPANY OVERVIEW
Slide 11 — business, investing to expand TAM with a ‘PLATFORM’ approach
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. 11 Where Platform Meets Possibilities cms.com India’s best business services platform: Driving growth by gaining market share in core business, investing to expand TAM with a ‘PLATFORM’ approach STRENGTHEN CORE • Market share focus, large scale to drive lowest unit cost economics • World-class talent, tech & quality EXPAND TAM • Forward & backward integration to offer customer value • Drive higher growth through integrated offerings ROBUST PERFORMANCE • High margin profile and FCF generation • Disciplined capital allocation PLATFORM APPROACH • Each business to generate FCF to drive own growth
Slide 12 — 20,000
Operating metrics — the pan-India platform at scale C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . 12 Where Platform Meets Possibilities cms.com R E A C H 70,000+ ATMs managed daily 20,000 Bank branches connected 65,000+ Retail touchpoints serviced O P E R A T I O N S 1,400 CIT routes daily 4,000+ Optimised cash routes 27,000 People on the frontline V A L U E P R O C E S S E D ₹14 L Cr Cash processed annually 50,000+ HAWKAI sites monitored
Slide 13 — Seasoned leadership; experienced board
Seasoned leadership; experienced board C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . 13 Where Platform Meets Possibilities cms.com Strong Management With Deep Industry Know-How Pankaj Khandelwal President & CFO 30+ years of industry experience Anush Raghavan Chief Business Officer 18+ years of industry experience Experienced Directors Rajiv Kaul Exec. VC, Whole Time Director & CEO 30+ years of industry experience Rajeev Bhatia Chief Information Officer (CIO) 20+ years of industry experience Shyamala Gopinath Former Deputy Governor, RBI Krzysztof Jamroz Executive Chairman at Roadrunner Sunil Mehta Former MD & CEO - PNB, CEO Indian Banks’ Association Vishnu Jerome Founding Partner: Jerome Merchant+ Partners; Former Partner AZB & Partners Puneet Bhirani Chief Operations Officer 30+ years of industry experience Vidya Krishnan Non-Executive Independent Director, Deputy Managing Director, SBI Group Will Poole Managing Partner & Co- founder, Capria Ventures
Slide 14 — 15%
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. 14 Where Platform Meets Possibilities cms.com CMS across cycles: 11× revenue and 13× PAT since FY09 ₹216 Cr FY09 High Growth & Competition ₹1,146 Cr FY15 NPA Crisis & Demonetization ₹1,129 Cr FY19 COVID & Regulatory ₹1,915 Cr FY23 Post-IPO Competitive Intensity ₹2,487 Cr FY26 Through-cycle resilience 15% Revenue CAGR 16% PAT CAGR
Slide 15 — FY23–FY26 historical consolidated financials
FY23–FY26 historical consolidated financials C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . 15 Where Platform Meets Possibilities cms.com Particulars (₹ Cr) FY23 FY24 FY25 FY26 Operating Income 1,915 2,265 2,425 2,487 Operating EBITDA 538 599 627 596 EBITDA Margin (%) 28.1% 26.5% 25.9% 24.0% Depreciation & Amortisation 132 150 162 208 Finance costs 20 16 18 20 PBT (before exceptional) 401 467 498 415 PAT 297 347 372 304 PAT Margin (%) 15.5% 15.3% 15.4% 12.2%
Slide 16 — 71%
Disciplined Capital Allocation C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . 16 Where Platform Meets Possibilities cms.com ₹ Cr Strong cash flow generation… …reinvesting for growth… …delivering high post tax RoCEs… …returning cash to shareholders 257 407 440 482 390 64% 75% 73% 76% 66% 58% 60% 62% 64% 66% 68% 70% 72% 74% 76% 78% 0 100 200 300 400 500 600 FY22 FY23 FY24 FY25 FY26 219 208 99 129 352 FY22 FY23 FY24 FY25 FY26 23.4% 24.4% 25.4% 25.2% 16.6% FY22 FY23 FY24 FY25 FY26 15.07 19.31 22.22 22.79 18.45 2.53 4.75 5.75 9.5* 5.25 FY22 FY23 FY24 FY25 FY26 EPS (₹) DPS (₹) 71% Avg. OCF/EBITDA ₹1,200 Cr+ Capex+ M&A 23.0% Post Tax ROCE ₹438 Cr Cumulative Dividend *Includes ₹3 special dividend
Slide 17 — Accelerating Customer Mix Change
Accelerating Customer Mix Change R e v e n u e M i x C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . 17 Where Platform Meets Possibilities cms.com 24% 26% 34% 16% FY25 SBI Private Sector Banks/Retail Managed Service Providers PSU Banks 20% 30% 28% 22% FY26
Slide 18 — Platform mix shift: Tech and Payments solutions scaled from 7% to 16% of
Platform mix shift: Tech and Payments solutions scaled from 7% to 16% of services revenue S H A R E O F S E R V I C E S R E V E N U E W H A T I S D R I V I N G T H E S H I F T HAWKAI Scale up of HAWKAI to 50,000+ sites. ALGO MVS 63,000+ ATMs ; Expected to ramp up to 73,000+ by FY27 C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . 18 Where Platform Meets Possibilities cms.com 63% 59% 58% 30% 29% 26% 7% 12% 16% FY22 FY25 FY26 Tech and Payments Retail and Currency Logistics ATM Management Solution
Slide 19 — HAWKAI: scaled rapidly to ~₹200 Cr revenue, 2× in two years
HAWKAI: scaled rapidly to ~₹200 Cr revenue, 2× in two years India's largest Vision AI platform for BFSI; expanded into eight non-BFSI sectors. CMS owns the full stack — hardware, software, AI models. S I T E S M O N I T O R E D 50,000+ Real-time across the network. B F S I M a r k e t S H A R E 36%+ Largest player in BFSI Vision AI. N O N - B F S I S E C T O R S 15 Quick commerce, EV infra, QSR, retail. T O T A L T A M ₹8,000 Cr ₹3,000 Cr BFSI · ₹5,000 Cr non-BFSI. C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . 19 Where Platform Meets Possibilities cms.com
Slide 20 — FY30 Goal
• Large TAM of ₹20,000 Cr+ • Strong market consolidation opportunity with pricing upside • Disciplined capital allocation and reinvestment for expansion • Maintain high margin quality and ROCE FY30 Goal 63% 58% 50-52% 30% 26% 26-28% 7% 16% 20-22% FY22 FY26 FY 30 Aspiration Tech and Payments Retail and Currency Logistics ATM Management Solution ₹2,310 Cr ₹3,750–3,950 Cr C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . 20 Where Platform Meets Possibilities cms.com ₹1,473 Cr Services Revenue
Slide 21 — Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . 21 Where Platform Meets Possibilities cms.com Particulars (All figures in INR Mn) Q1 FY26 Q4 FY26 Q1 FY27 QoQ YoY Operating Income 6,274 6,329 6,347 0.3% 1.2% Operating Expenses 4,696 4,717 4,659 (1.2)% (0.8)% Operating EBITDA* 1,578 1,612 1,688 4.7% 7.0% EBITDA Margins (%) 25.15% 25.47% 26.60% 113 Bps 145 Bps Finance Costs 41 63 62 (1.6)% 51.2% Depreciation and Amortisation Expense 445 593 728 22.8% 63.6% Other Income 164 97 152 56.7% (7.3)% Profit Before Tax and Exceptional Item 1,256 1,053 1,050 (0.3)% (16.4)% Exceptional Item - (19) - NA NA Profit Before Tax 1,256 1,072 1,050 (2.1)% (16.4)% Tax 320 281 213 (24.2)% (33.4)% Profit After Tax 936 791 837 5.8% (10.6)% PAT Margins (%) 14.92% 12.50% 13.19% 69 Bps (173) Bps Other Comprehensive Income (2) 13 (1) NA (50.0)% Total Comprehensive Income 934 804 836 4.0% (10.5)% *Operating EBITDA excludes Other Income attributable to Business
Slide 22 — Capital market data
Capital market data C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . 22 Where Platform Meets Possibilities cms.com SHAREHOLDING PATTERN · 30 JUN 2026 Foreign Institutional Investors 22.70% Mutual Funds 30.01% Alternative Investment Funds 5.99% Others (incl. retail) 41.30% CAPITAL MARKET INFORMATION (Data as on 30th June 2026) Listing BSE: 543441 · NSE: CMSINFO Face value ₹10 Market cap (INR Cr) 4,495.4 Equity shares outstanding (Mn) 160.1 Market price (INR) 280.9 52-week H/L (INR) 540.5 / 263.5 Avg trading volume ('000) 680.9
Slide 23 — Thank you
Thank you CMS Info Systems Limited BSE: 543441 · NSE: CMSINFO · cms.com · [email protected] D I S C L A I M E R No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be 'forward- looking statements' based on the currently held beliefs and assumptions of the management of CMS Info Systems Limited (CMS), which are expressed in good faith and in their opinion reasonable, including those relating to the Company's general business plans and strategy, its future financial condition and results of operations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. The Company assumes no obligation to update or revise any forward-looking statements. Mumbai · India