Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results
Audit Opinion:
Clean opinion - Limited review reports issued by ASA & Associates LLP, Chartered Accountants, stated nothing has come to their attention that causes them to believe the financial results contain material misstatement.
Key Financial Highlights [Amount in ₹ crores]:
Consolidated Results:
Revenue from Operations: ₹3,122.73 crore (Q1 FY27) vs ₹1,893.45 crore (Q1 FY26) - 65% YoY increase
Total Income: ₹3,128.97 crore (Q1 FY27) vs ₹1,894.44 crore (Q1 FY26)
Net Profit: ₹68.18 crore (Q1 FY27) vs ₹55.93 crore (Q1 FY26) - 22% YoY increase
EPS: Basic ₹2.80, Diluted ₹2.78 (not annualized)
Other Equity: ₹1,487.60 crore (as of March 31, 2026)
Profit attributable to:
- Equity holders of parent: ₹61.37 crore
- Non-controlling interest: ₹6.81 crore
Total Comprehensive Income: ₹289.08 crore (Q1 FY27)
Standalone Results:
Revenue from Operations: ₹1,613.40 crore (Q1 FY27) vs ₹1,179.72 crore (Q1 FY26) - 37% YoY increase
Total Income: ₹1,630.07 crore (Q1 FY27) vs ₹1,192.43 crore (Q1 FY26)
Net Profit: ₹35.25 crore (Q1 FY27) vs ₹36.82 crore (Q1 FY26) - 4% YoY decrease
EPS: Basic ₹1.61, Diluted ₹1.60 (not annualized)
Other Equity: ₹1,477.53 crore (as of March 31, 2026)
Total Comprehensive Income: ₹116.25 crore (Q1 FY27)
Segment-wise Performance:
The Group is primarily engaged in recycling of non-ferrous metals, including manufacturing and selling of aluminium alloys (in ingot and liquid form), billets, zinc alloys ingots and segregation of stainless steel, copper, brass, zinc, lead, magnesium. There are no separate reportable segments as per IND AS 108.
Expenses Breakdown (Consolidated):
Cost of raw materials consumed: ₹2,835.51 crore
Employee benefits expenses: ₹56.92 crore
Finance costs: ₹32.44 crore
Depreciation and amortization: ₹19.22 crore
Other expenses: ₹153.22 crore
Tax Expense (Consolidated):
Total tax expenses: ₹21.48 crore
- Current tax: ₹21.26 crore
- Deferred tax credit: ₹0.14 crore
Corporate Actions:
The Board approved the re-appointment of the following directors:
- Mr. Mohan Agarwal as Managing Director
- Mr. Akshay Agarwal as Whole-time Director
- Mr. Raghav Agarwal as Whole-time Director
- Mr. Gyan Mohan as Independent Director
- Mr. Balvinder Kumar as Independent Director
- Ms. Rashmi Verma as Independent Director
- Mr. Ankur Singh as Executive Director
ESOP Grants: 72,500 stock options granted under Employee Stock Option Plans during the quarter, with 30,000 options lapsed. Total options outstanding as of June 30, 2026: 15,46,500. Share-based payment expense recognized: ₹2.19 crores for the quarter.
Other Significant Information:
IPO Completion: The company completed its Initial Public Offering comprising offer for sale of 32,858,323 equity shares of face value ₹2 each at an issue price of ₹192 per share. The equity shares were listed on BSE and NSE on June 10, 2026.
Joint Ventures: Two joint ventures (CMR-Chiho Industries India Private Limited and CMR-Chiho Recycling Technologies Private Limited) were not considered for consolidation due to cessation of operations and ongoing dispute between joint venture partners.
Subsidiaries Included: The consolidated results include 5 subsidiaries and 1 joint venture. Subsidiaries contributed revenues of ₹2,445.08 crore and net profit of ₹32.31 crore before consolidation adjustments.
Foreign Subsidiary: One subsidiary located outside India contributed revenues of ₹202.64 crore and net profit of ₹0.61 crore before consolidation adjustments.
Notes:
- Figures for quarter ended March 31, 2026 are balancing figures between audited annual results and special purpose audited interim financial statements prepared for IPO purpose
- Figures for quarter ended June 30, 2025 are unaudited and not reviewed by statutory auditors
- All amounts rounded off to nearest crores, except per share data