Medilytix Bureau:
Cash management firm CMS Info Systems, which closed the last IPO of 2021 with a Rs 1,100-crore share sale in the third week of December, has reported a net income of Rs 60.2 crore for the quarter ending December 2021, which was higher by 48 per cent year-on-year, when the company was privately held.

The city-based company said its annualised revenue rose 21.4 per cent to Rs 40.37 crore driven by growth across both cash management and managed services businesses. Its earnings per share for the quarter was Rs 4.07, higher by 48 per cent.

CMS Info is the country’s largest cash management company based on number of ATM points and the number of retail pick-up points as well as one of the largest ATM cash management companies worldwide.

Its businesses include ATM and retail cash management, currency chest automation, bullion logistics, banking automation solutions, brown label ATMs and managed services, multi-vendor software solutions, remote monitoring services and card issuances and management personalisation.

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