Radiant Cash Management Services Limited is an integrated cash logistics company providing retail cash management, network currency management, cash processing, cash van operations and technology-enabled services across India, with newer verticals in diamond jewellery & bullion logistics (Radiant Valuable Logistics) and fintech through its Acemoney/Aceware subsidiary.

Consolidated Q3 FY26 total income was INR1,260 million with consolidated revenue up 17.9% sequential and 7.2% year-on-year; EBITDA was INR175 million (13.9% margin) and PAT INR116 million, with sequential margin improvement driven largely by cost controls and a profitable fintech subsidiary contribution.

Acemoney (fintech) delivered exceptional momentum: Q3 revenue grew 89% YoY, generated a positive EBITDA of INR34 million, crossed 100,000 POS installations and reported ~INR1,000 crore transaction volume in FY26, which materially supported consolidated performance and underpins the group’s strategic pivot toward transaction-based annuity revenue.

The company operates a pan-India footprint with ~14,678 pin codes and ~75,348 touch points, deriving over 80% of revenues from Tier 2 and Tier 3+ markets; Radiant demonstrates industry-leading operational risk controls with ex-armed forces staffing and extremely low cash loss metrics, positioning it defensively amid pricing pressure.

Key near-term catalysts are breakeven expectations for Acemoney and reduction of losses in Radiant Valuable Logistics, plus the large PSU bank contract from April 2026; management emphasizes sales initiatives, dedicated cash vans and cross-selling to restore higher operating leverage and margin expansion.