Cms Info Systems Management Guidance Tracker

Management expects H2 services revenue (excluding hardware) to grow 9% over H1 to 1,225 cr, implying FY26 services revenue growth of 8%.

Management guided for FY27 services revenue of 2,700-2,800 cr, representing 15-19% growth over FY26, based on H2 run rate.

Overall revenue guided to ₹2,800-2,900 crore, with services revenue of ₹2,700-2,800 crore and product revenue of ~₹100 crore.

Targeting exit Q4 with services run rate of ~₹650 crore, implying ~95% certainty, to support FY27 revenue bridge.

Management expects EBITDA margins to recover to FY25 levels by Q4 FY26, supported by incremental revenue from new contracts and cost optimization.

EBITDA margins expected to improve to 25-26% in FY27, driven by operational efficiencies and revenue mix shift.

Management targets a 6% improvement in pricing and realizations in the ATM cash business by March 2026, driven by better pricing discipline.

Capex expected to be in the range of ₹300-325 crore for FY26, with YTD spend of ₹275 crore.