Radiant Cash Management Services Q2 FY26 Earnings Call Transcript

* Radiant Cash Management Services held an earnings conference call on November 7, 2025, for the quarter and half year ended September 30, 2025. * Standalone revenues were nearly flat at ₹102 crore. * EBITDA margins were lower at 14.9% due to losses in the valuable Logistics segment and increased fixed costs. * Volume of cash handled was ₹0.41 trillion, remaining flat year-over-year. * Measures are being taken to improve revenue growth and profitability, including offering wider services to banks and strengthening the direct client business. * Cost reduction measures are expected to reduce costs by ₹50 million annually from Q3 onwards. * Acemoney revenues reached ₹49 million, up from ₹17 million in the previous quarter, but still resulted in EBITDA losses of ₹15.6 million. * 14,000-plus POS machines were installed, with a target of more than 1 lakh for the current financial year. * Consolidated revenues for the quarter were ₹107 crore, representing 4.6% growth over the previous quarter. * Consolidated EBITDA margins for the quarter stood at 13.1%, an improvement of 150 basis points over the previous quarter. * Management is working on several sales and marketing initiatives and believes these measures will reflect in better growth and margins in the remaining period of the current financial year. * The management expects breakeven in valuable logistics in the second half of the year. * The company is planning to reach the previous year's PAT level and make some nominal profit in the current financial year. * Muthuraman mentioned that the company hopes to reach its past historical high levels of about 25% EBITDA margins in FY27.