shares plunged to a 52-week low of ₹340.20 on Thursday, trading at ₹346.85, down 4.32 per cent from the previous close of ₹362.50. The stock opened lower at ₹358.85 as investors reacted negatively to the company’s disappointing second-quarter results announced on November 5.
The business services firm reported a consolidated revenue of ₹609 crore for Q2 FY26, declining 3 per cent year-on-year, while profit after tax slumped 19 per cent to ₹73.3 crore with margins contracting to 12 per cent. For the first half of FY26, revenue remained flat at ₹1,236 crore with a modest 1 per cent growth, though PAT fell 8 per cent to ₹167 crore.
The company attributed the weak performance to softer retail consumption amid extended monsoon rains across rural India and temporary delays in ATM redeployment by key banking clients. The Cash Logistics segment saw EBIT plunge 39 per cent despite marginal revenue growth, while Managed Services posted a 5 per cent decline in EBIT.
CMS announced new order wins worth ₹500 crore in Q2 and completed the Securens acquisition during the quarter. CEO Rajiv Kaul expressed confidence in recovery, targeting 9 per cent revenue growth in H2 over H1, citing strong October consumption trends and a solid order pipeline.
The stock has declined significantly from its 52-week high of ₹556.90 reached in December 2024. Over 15 lakh shares worth ₹52 crore changed hands by midday.