'CMS Info Systems conducted a conference call on 20 May 2025
to discuss its financial results for the quarter ended March 2025. Rajiv Kaul,
Executive Vice chairman, whole time director and CEO of the company addressed
the call:
Highlights:
The company entered FY25 on bullish note on the back of 20%
revenue growth in the prior three years and also record order wins of Rs 1950 crore
which the company was expecting to execute in FY25.
The company encountered a sequence of unanticipated events in
FY2025. The company expected pick up in H2 and worked hard on project execution
which was at 15% end of H1 and improved to 30% in Q3FY25. The company was hoping
to close at 60% order execution by Q4 but fell short at 52%.
February and March are key months to close on projects for
large PSU banks but the large banks had to deal with disruption in their ATM
operations due to issues at a key competitor.
Therefore, new projects a...
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