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Kaul said that increasing his stake demonstrated his and the company's commitment and focus to expand their offerings as well as to continue on their track record of high growth and strong profits.
"From a demographic perspective, Metro cities which had grown the fastest from Q2-FY23 to Q1-FY24, were outpaced in H1 FY24 by SURU (semi-urban and rural), which saw the fastest consumption growth of 9.2% YoY, triggered by improved discretionary spending and demonstrating tailwinds in the rural economy," said CMS.
In our Cash Logistics business, the network has further expanded in the quarter by 12% YoY with 129,000 business points. This highlights the growth in the bank and retail sectors with organised retail category growing well post-Covid. In our Managed Services and Technology Solutions business, we had new business wins of Rs. 500 cr in Q2 FY24, thereby making our overall order book size Rs. 3,800 crore with 75% of it being already executed."
All three Triple Crown winners line up against the 2022 juvenile champ Forte in Saturday's Travers Stakes, the "Midsummer Derby," at Saratoga in the highlight of a massive weekend of racing.
“We anticipate a positive long-term impact, where consumers would be using the ATM frequently for lower denomination currency notes, thus increasing cash velocity,” says Pankaj Khandelwal, President & Chief Financial Officer, CMS Info Systems. Edited excerpts from a chat: