Analysts/Institutional Investor Meet/Con. Call Updates

RADIANTCMS/Q1-EarningsCall/Transcript/SE/2026-27 Date: 24.08.2026 To To Listing Department, Department of Corporate Services, National Stock Exchange of India Limited BSE Limited C-1, G-Block, Bandra - Kurla Complex Phiroze Jeejeebhoy Towers, Dalal Bandra (E), Mumbai – 400 051 Street, Mumbai – 400 001 Scrip Code: 543732, Scrip Symbol: RADIANTCMS ISIN: INE855R01021 Sub: Transcript for the Earnings Conference Call on the Un-audited Standalone and Consolidated Financial Results for the Quarter ended June 30, 2026, held on August 18, 2026 Dear Ma’am/Sir(s), Pursuant to Regulation 30 and 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the “Transcript for the Earnings Conference Call” on Un-audited Standalone and Consolidated Financial Results for the Quarter ended June 30, 2026, held on August 18, 2026 for your information and records. Kindly take the above details on record. Thanking you, Yours faithfully, For RADIANT CASH MANAGEMENT SERVICES LIMITED Nithin Tom Company Secretary A53056 “Radiant Cash Management Services Limited Q1 FY27 Earnings Conference Call” August 18, 2026 MANAGEMENT: MR. ALEXANDER DAVID – WHOLE-TIME DIRECTOR, MR. T.V. VENKATARAMANAN – CHIEF FINANCIAL OFFICER, MR. MUTHURAMAN NATARAJAN – DIRECTOR (ADVISOR) STRATEGY & INVESTOR RELATIONS, MODERATOR: MR. RAJU BARNAWAL – ANTIQUE STOCK BROKING Page 1 of 15 Radiant Cash Management Services Limited August 18, 2026 Moderator: Ladies and gentlemen, good day and welcome to Radiant Cash Management Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing “*” then “0” on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Raju Barnawal from Antique Stock Broking Limited. Thank you and over to you Mr. Barnawal. Raju Barnawal: Thank you. Good morning and welcome everyone to Q1 FY27 Earnings Conference Call of Radiant Cash Management. Today we have with us the Management Team of Radiant Cash Management represented by Mr. Alexander David – Whole-Time Director, Mr. Venkataramanan – CFO, and Mr. Muthuraman – Head (Strategy) and IR. With this, I hand over the call to Mr. Alexander for his opening remarks, post which we will start the Q&A session. Thank you and over to you, sir. Alexander David: Thank you, Raju. Good morning, everyone. Unfortunately, our CMD is today a little unwell so I would be representing him today on today’s call. Thank you for joining us today for Radiant’s Investor Call. The standalone revenues for the quarter grew by 7% over the same quarter previous year. This growth was driven by commencement of a recent large mandate with IDBI Bank. We also had healthy growth in revenues from cash van operations. The revenue decline in Ecom Logistics segment has been arrested and the segment reported positive growth in the current quarter. We handled cash volume of Rs. 0.43 trillion during the quarter, a growth of about 2.3% over the same period last year. We had one of the least amounts of gross cash losses in this quarter at Rs. 2 million. We continue to have the lowest cash losses in the industry by a wide margin because of our robust risk management systems. Our standalone EBITDA margins for the quarter Q1 FY27 dropped to 13.5% from 15.9% in the same quarter last year. The drop is on account of increase in our manpower costs, specifically the cost of gunmen in certain regions and increase in minimum wages in few states affected our margins for this quarter. The company has sought significant price revision with all its customers and expects the same to materialize in the current quarter. The improvement in profitability of co-business hinges on Page 2 of 15 Radiant Cash Management Services Limited August 18, 2026 three critical aspects, business growth, price revision, and cost optimization. We have added experienced resources from the industry to drive our business growth, both from banks as well as direct clients. The recent initiatives taken at our industry level is expected to help in price revisions as well as abating the intensity of competition. Cost optimization is an ongoing exercise. We are increasingly using technology for cost reductions and expect to see the impact in the coming quarters. Radiant Valuable Logistics has shown very good traction with revenues reaching Rs. 22 million for the quarter. Induction of senior resources from the valuable logistics industry and signing up of new marquee national chains has helped improve revenues at a brisk pace and the management is confident of reaching breakeven in the current quarter. Consolidated Financial Performance: The overall consolidated PAT has dropped to Rs. 52 million in Q1 FY27 from Rs. 57 million in the same quarter last year, as the Fintech subsidiary reduced its losses in this quarter. The subsidiary is currently scaling up its Soundbox and QR code deployments with several rural and urban banks and improving its transaction revenues on installs based on POS machines. The team is confident of turning EBITDA positive in the current quarter and contributes meaningfully to the overall profitability of the company in the full year. Mr. Muthuraman will provide more details on Ace Money’s performance and future plans. We remain committed to provide transparent updates on our progress and answering any questions you may have. I would now request Mr. Muthuraman to speak about the performance of Acemoney, followed by Mr. Venkataramanan to speak about the financial performance and KPIs. Muthuraman Natarajan: Thanks Alex. Good morning, everyone. Thanks for joining this earnings call. I would be presenting the update on Radiant Acemoney, our Fintech subsidiary. As we had mentioned in our last call, PIDF subsidy was discontinued in December 2025, after which the focus of Radiant Acemoney has been to improve its transaction revenues from the installed base of POS machines and business correspondence from among this network. Radiant Acemoney has also increased its thrust on deployment of Soundbox and QR codes for rural and urban banks, which has gained significant traction. Page 3 of 15 Radiant Cash Management Services Limited August 18, 2026 Radiant Acemoney currently provides Soundbox both on outright and rental models and has a target to deploy over 50,000 Soundboxes in the current financial year. Besides transaction revenue and Soundbox deployment, Radiant Acemoney has diversified its revenue base to include establishing a corporate BC network for banks, providing white-label UPI solutions, and extending its Fintech software solutions for smaller banks and NBFCs. Initial traction has already been achieved for each of these businesses in Q1 FY27 and the management is confident of scaling them up in the current financial year. Currently, we have a network of over 20,000 BCs, cumulatively deployed over 58,000 Soundboxes so far, and facilitated a transaction volume of Rs. 170 crores in Q1 FY27. We will continue to provide regular updates on the progress of Acemoney to our investors as we scale greater heights in the coming months. I would now request our CFO – Mr. Venkataramanan, to present our financial performance. T.V. Venkataramanan: Thank you, Mr. Muthuraman. Good morning, everyone. Thanks for joining us on this investor call today. I will present the company's key performance indicators and financial performance for the quarter ended 30 June 2026. The retail cash management business grew at 5.5% during this quarter over same period last year, with the growth coming mainly from the IDBI mandate that commenced in this quarter. In terms of sectors, BFSI and Organized Retail grew at a healthy pace while Railways, Petroleum and E-Commerce segments witnessed sluggish growth in this quart [Showing first 8,000 characters — download PDF for full document]