CMS Info Systems Q1 FY27 Earnings Call — Analysis (NSE: CMSINFO)
CMS trimmed FY27 revenue guidance by ₹50 Cr citing the worst cash-supply squeeze in a decade, but lifted FY27 EBITDA margin guidance to ~27% and reported record quarterly services revenue of ₹625 Cr with 27.2% Q1 EBITDA margin.
Result quality: strong — Margin expansion. Management sentiment: neutral.
The take
Q1FY27 Services revenue ₹625 Cr ( +9.3% YoY ) .
Results
Q1FY27 total revenue ₹635 Cr; services revenue ₹625 Cr (+9.3% YoY, +2.6% QoQ); EBITDA ₹173 Cr (+8.9% YoY) at 27.2% margin (+170 bps QoQ); PAT ₹84 Cr (-10.6% YoY, +5.8% QoQ).
Financial highlights
| Metric | Value | Change | Basis |
|---|---|---|---|
| Total revenue | ₹635 Cr | none · Q1FY27 · Includes product revenue; no YoY% stated | |
| Services revenue | ₹625 Cr | +9.3% | yoy · Q1FY27 · All-time high; also +2.6% QoQ |
| EBITDA | ₹173 Cr | +8.9% | yoy · Q1FY27 · Also +6.8% QoQ |
Guidance
FY27 services revenue guidance trimmed to ₹2,650–2,750 Cr and total revenue to ₹2,750–2,850 Cr, while EBITDA margin guidance was raised to ~27% and FY27 capex was set at ₹100–125 Cr.
Key themes
Cash squeeze, pricing power, tech mix shift
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