CMR Green Technologies reported a consolidated profit of ₹228.38 crore for FY26, a significant rise from the previous year. The company is expanding its manufacturing capacity with two new plants set to start operations in FY27.
CMR Green Technologies Reports Strong FY26 Performance with ₹228 Cr Profit
Consolidated Profit After Tax: ₹228.38 crore (FY26) vs ₹155.05 crore (FY25)
Consolidated Revenue: ₹8,640.19 crore (FY26) vs ₹6,669.09 crore (FY25)
Reader Takeaway: Strong profit growth and capacity expansion signal positive outlook, but JV dispute poses a risk.
What just happened
CMR Green Technologies Ltd has announced its financial results for the fiscal year ended March 31, 2026. The company reported a consolidated revenue from operations of ₹8,640.19 crore, a substantial increase from ₹6,669.09 crore in FY2025. Consolidated profit after tax also saw a significant jump to ₹228.38 crore, up from ₹155.05 crore in the prior year.
On a standalone basis, revenue grew to ₹5,070.65 crore in FY2026 from ₹4,594.76 crore in FY2025. Standalone profit after tax rose to ₹126.80 crore from ₹96.10 crore in the previous fiscal year.
Why this matters
These results mark CMR Green Technologies' first annual performance update since its successful Initial Public Offering (IPO). The robust growth in both revenue and profit indicates a scaling business. The company is also actively expanding its manufacturing footprint, which is crucial for future revenue streams. The commencement of operations at two new plants in FY2027 is a key indicator for sustained growth.
The backstory
CMR Green Technologies completed its IPO of 32,858,323 equity shares at ₹192 per share, listing on BSE and NSE on June 10, 2026. The company is in the process of updating its status to 'Listed'. The expansion plans involve two material subsidiaries: CMR Nikkei India Private Limited in Bawal, Haryana, and CMR-Toyotsu Aluminium India Private Limited in Shoolagiri, Tamil Nadu.
What changes now
As a newly listed entity, the company's performance and future plans will be under closer scrutiny by the market. The focus will be on the execution of its expansion strategy, particularly the timely operationalization of its new manufacturing facilities. Investors will also monitor the resolution of ongoing joint venture disputes and the company's governance as a listed entity.
Risks to watch
The company faces a significant risk due to an ongoing dispute between joint venture partners. This has resulted in two joint venture entities, CMR-Chiho Recycling Technologies Private Limited and CMR-Chiho Industries India Private Limited, not being operational. Consequently, their financials are not included in the consolidated results. Additionally, the consolidated figures rely on audits from other auditors for five subsidiaries, covering substantial assets and revenues.
Peer comparison
Information regarding specific peers and their comparative financial performance is not provided in the filing. However, the company operates in the green technologies and recycling sector, which is experiencing growth driven by environmental regulations and corporate sustainability initiatives.
Context metrics (time-bound)
- FY2026 Consolidated Revenue: ₹8,640.19 crore
- FY2026 Consolidated Profit After Tax: ₹228.38 crore
- FY2025 Consolidated Revenue: ₹6,669.09 crore
- FY2025 Consolidated Profit After Tax: ₹155.05 crore
- FY2026 Standalone Revenue: ₹5,070.65 crore
- FY2026 Standalone Profit After Tax: ₹126.80 crore
- FY2025 Standalone Revenue: ₹4,594.76 crore
- FY2025 Standalone Profit After Tax: ₹96.10 crore
- IPO Listing Date: June 10, 2026
- New Plants Expected Operational: FY2027
What to track next
Investors should closely monitor the commencement of operations at the Bawal, Haryana, and Shoolagiri, Tamil Nadu manufacturing plants. Tracking the progress and potential resolution of the joint venture disputes will be crucial for understanding the full consolidated financial picture and operational synergies. The company's ability to maintain its growth trajectory as a listed entity will also be a key focus.