 "Q4, Q4 results")
The CMS scrip closed 1.59 per cent up at Rs 409.50 a bit on the BSE on Wednesday, as towards a 0.16 per cent correction on the benchmark. Picture: Shutterstock
Banking logistics and expertise participant CMS Data Techniques on Wednesday reported a 23 per cent leap in its March quarter web revenue at Rs 99.4 crore.
The corporate had reported a post-tax revenue of Rs 80.6 crore within the year-ago interval.
The corporate reported a 25.1 per cent progress in income to Rs 627 crore for the March quarter in comparison with the year-ago interval.
For 2023-24, its web revenue moved as much as Rs 374.5 crore from Rs 304.2 crore on the again of an 18.3 per cent progress in income to Rs 2,265 crore.
Its government vice chairman and chief government vice chairman Rajiv Kaul mentioned the present break up between the managed companies and expertise options (41 per cent) and the money enterprise (61 per cent) will broadly stay unchanged within the new fiscal as properly.
Kaul mentioned that the topline will contact the higher finish of the beforehand introduced steerage to have the revenues at Rs 2,500-2,700 crore.
The corporate has money and equivalents of over Rs 780 crore and is debt-free on a web foundation, Kaul mentioned, including that it has been looking out for acquisitions to develop the enterprise during the last six months and can proceed to chase alternatives.
One of many areas during which it is going to both look to accomplice or purchase shall be on the software program entrance, he mentioned, reminding that below its medium-term imaginative and prescient, it’s concentrating on to get 10 per cent of its topline from software program by FY27.
The corporate gained new orders of Rs 1,850 crore in FY24, and the general e-book is twice that of the extent it was within the year-ago interval, Kaul mentioned.
Having began the companies of specialised logistics to move different treasured gadgets past money and debt assortment for non-bank lenders in FY24, the corporate will look to deepen the 2 new companies within the new fiscal yr, Kaul mentioned, including that there isn’t any plan to incubate any new companies.
The corporate’s board on Wednesday advisable a dividend of Rs 3.25 per fairness share, which takes the general dividend in FY24 to Rs 5.75.
The CMS scrip closed 1.59 per cent up at Rs 409.50 a bit on the BSE on Wednesday, as towards a 0.16 per cent correction on the benchmark.
(Solely the headline and movie of this report could have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)
First Revealed: Might 15 2024 | 10:55 PM IST
