CMSINFO / Q2-FY26 / claim-ledger

Audit the questions that mattered.

CMS Info Systems · Analyst questions, management answers, and the quality of the response where the ledger is available.

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NegativeQ2-FY26 · 2025-10-30Back to quarter ↗

Questions audited

Answered directly

54%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Vikar · Unifi Capital

evasive

Asked about H2 revenue guidance for cash management and managed services excluding hardware.

Yeah. So I think Vic if you reflect back on both the analyst day and the way we said businesses are merging into each other we sort of are focusing on the annuity and services revenue will cut across all our business lines and will not include product revenue.

Vikar · Unifi Capital

direct

Asked if the 50-70 crore revenue from SBI RS is incremental.

So I think the if you look at the commentary that we have shared in the presentation as well as in the form now the the 500 cr that we're talking about is only purely reflective of the incremental revenue opportunity.

Vikar · Unifi Capital

partial

Asked about gig model impact on fixed cost savings and employee cost reduction sustainability.

The gig is really if you go back and think about what we're trying to do on the retail opportunity is to really sort of try and expand the market...

Vikar · Unifi Capital

direct

Asked if employee cost reduction is one-off and how to model going forward.

I think the employee cost reductions which you're seeing in Q2 especially linked to the two things we talked about are one-off and therefore they won't obviously be in Q3 or Q4.

Vikar · Unifi Capital

declined

Asked for quantitative guidance on employee cost per quarter.

quantitatively magic I don't know the answer to that question right now I think we don't have a we also will not be able to forecast Q3 Q4 line by line costs right now.

Vikar · Unifi Capital

partial

Asked about provisions and incremental stress in H2.

So in addition to usual risk provisioning, we had taken incremental ECL provisioning due to elongated payments from certain MSPs. we expect that the normal risk provisioning plus ECL provisioning to be in the range of 4% revenue in line with our historical trend.

Vikar · Unifi Capital

partial

Asked about aging of stressed receivables and incremental provision for cash business.

the additional 6 to 9 months would be the pool of time if you're talking yeah that's what I'm coming for

Vikar · Unifi Capital

direct

Asked about 3,000 crore RFP pipeline and how it translates to CMS.

the pipeline of these RFPs will be roughly 30,000 to order 35,000 branches. That will present an opportunity of a 3,000 cr revenue size for those banks... Hawkeye is a leading contender.

Vikar · Unifi Capital

partial

Asked about scale of payments business and playbook.

our payments business is limited to specifically what we do in our card management and card personalization solutions... we are making aggressive and active efforts through M&A to look at B2B fintech and payment type firms.

Vikran Bendar · Ashoko Investments family office

evasive

Asked about margin profile and profitability by segment.

we will start reporting revenues by these segments by end of the year... Coming to profitability... we today cannot give you detailed profitability metrics by business simply because the entire network runs together.

Vikran Bendar · Ashoko Investments family office

partial

Asked about capex allocation across segments and focus on technology.

the return profile for the technology business are very good... I don't think there is a priority on a particular area... each project has to meet a threshold.

Rushi Parik · Google Rocks

direct

Asked about decline in business touch points and reason for ATM shutdowns.

post the AG situation many private sector banks pruned their off-site ATM networks... public sector banks had awarded RFPs to MSPs who found it difficult to roll out... we started seeing a pick up in momentum on ATMs coming back.