Key Financial Figures - FY26 Consolidated

  • Revenue: ₹8,640 crores, representing 30% year-on-year growth
  • EBITDA: ₹449 crores, representing 50% year-on-year growth
  • EBITDA Margin: 5.2% (₹11,000 per ton)
  • Profit After Tax: ₹228 crores, representing 47.30% year-on-year growth
  • PAT Margin: 2.6% (₹5,580 per ton)
  • Total Volume: 80,381 metric tons, up 24% YoY

Key Financial Figures - Q4 FY26 Consolidated

  • Revenue: ₹2,364 crores, representing 45% year-on-year growth
  • EBITDA: ₹128 crores, representing 160% year-on-year growth
  • EBITDA Margin: 5.4% (₹11,400 per ton)
  • Profit After Tax: ₹65.68 crores
  • PAT Margin: 2.8% (₹5,880 per ton)

Revenue Breakdown by Segment

  • Aluminum Products (liquid metal, ingot, billet): 81% of total revenue
  • Other Non-Ferrous Metals: 19% of total revenue

Volume Performance

  • Aluminum Segment: 65,636 metric tons, up 27% YoY
  • Other Non-Ferrous Metals: 14,745 metric tons, up 18% YoY

Operational Highlights

  • Installed Capacity: 6.15 lakh metric tons per annum
  • Market Position: Largest in field with 4x capacity of nearest competitor
  • Automotive Market Share: Approximately 45% in recycled aluminum for auto sector
  • Product Mix: 80% aluminum, 20% other non-ferrous metals (stainless steel, zinc, lead, copper, brass, magnesium)

Strategic Initiatives and Diversification

  • Beverage Can Recycling Plant: Operational in Odisha near Hindalco Industries, supplying liquid recycled metal to primary producers
  • Green Billets and Sheet Ingots Facility: First in country, serving construction and solar panel manufacturing sectors
  • New Plants Under Construction:
  • Shoolagiri, Tamil Nadu: Electric vehicle parts plant in future mobility park
  • Bawal, Haryana: Second plant in the location

Capacity Expansion Plans

  • Current capacity: ~605,000 metric tons
  • FY27 target capacity: ~700,000 metric tons
  • Maintained mix: 80% aluminum, 20% non-aluminum
  • Volume growth target: Similar to FY26's 25% growth rate

Joint Ventures and Partnerships

  • Toyota Tsusho (Toyota Group): Technical and marketing JV since 2012
  • Nikkei MC Aluminium (Japan's second largest aluminum producer): JV since 2012
  • Nippon Light Metal (Japan's largest aluminum company in wrought alloy space): JV for billet and sheet ingot technology
  • All JVs are minority partnerships with no royalty payments required

Geographic Presence

  • 13 plants across India (East, West, North, South)
  • Strategy: Proximity to customers for liquid metal supply and business sustainability

Technology and Intellectual Property

  • 8 copyrights centered around standard operating processes
  • Patents on safe transportation of liquid metal over road
  • Patents on process control at customer end
  • Focus on adopting best available technologies worldwide

ESG and Sustainability Achievements

  • Carbon Credits: 2.73 lakh tons in stock (accumulating 70,000-80,000 tons annually)
  • Power Sourcing: One-third from solar energy
  • S&P Global Ranking: Number 6 in world on Corporate Sustainability Index for aluminum
  • EcoVadis Assessment: 84 percentile, bronze medal in first participation
  • Great Place to Work: 15th certification in country in mid-sized segment across sectors (improved from 60th position last year)
  • Environmental Impact: Zero discharge company (no liquid or solid discharge)
  • Social Impact: Beneficially touched 52,000 lives according to CII study

Customer Base

  • Services most OEMs in India for two-wheelers and four-wheelers
  • Services most Tier 1 auto component suppliers
  • Relationships characterized as long-term with high repeat orders
  • Non-auto customers include Hindalco, Jindal Stainless, Aurubis (Germany)

Risk Management and Commodity Price Exposure

  • Strong risk management policy with hedging positions
  • Monthly pricing with auto customers where aluminum price changes are passed through
  • OCI of ₹166 crores represents mark-to-market on hedge contracts
  • Focus on maintaining profitability regardless of market movements

Scrap Sourcing Strategy

  • Two-thirds imported from international markets
  • Sourcing from all six continents
  • Also sources domestically within India
  • Addressing potential export restrictions through diversified sourcing strategy

Growth Drivers and Market Outlook

  • Auto sector recording 12% growth in first 2 months of current year
  • EV sector growing about 18%
  • Two-wheeler sector growing 12%
  • EPR mandate for recycled aluminum coming in FY29 (5-10% starting, progressing to 60-70%)
  • EV aluminum usage expected to be 3x more than conventional vehicles

Management Commentary

  • "CMR is in a strong position. So, anybody coming in will have a strong competition"
  • "EBITDA should continuously improve... All the things that we are doing, both in terms of technology and product new products, should actually improve our EBITDA"
  • "We expect similar growth to be maintained in FY27" regarding volume growth
  • "We only target to maintain our profitability whether the markets go up or go down"