CMS Info-SBI Deal Lifts Per-ATM Revenue to ₹18,000, Signals Major Shift

• CMS Info Systems' 10-year contract with State Bank of India (SBI) will boost per-ATM revenue to ₹17,000–18,000 from ₹12,000.
• The ₹1,000 crore deal, covering nearly 5,000 ATMs, is expected to generate ₹500 crore in incremental revenue for CMS over its lifetime.
• Anush Raghavan, CBO at CMS, highlights a strategic shift to full-service, fixed-price cash management contracts with annual CPI-linked price increases.
• Despite H1 FY26 challenges, CMS expects margins to recover and reaffirms its FY25–FY27 services growth guidance of 24–25%.
• The Mumbai-based company, with a market cap of ₹5,729.40 crore, has seen its shares decline over 28% in the past year.

Why It Matters: CMS Info Systems' SBI deal significantly boosts per-ATM revenue and signals a strategic shift in cash management.