CMR Green Technologies Approves FY26 Results, Subsidiary Expansions

Board Meeting Details

The Board of Directors meeting was held on June 30, 2026, commencing at 10:30 AM IST and concluding at 1:30 PM IST.

Key Approvals

1. Audited Financial Results (Standalone & Consolidated) for the quarter and financial year ended March 31, 2026

2. Expansion plans of subsidiary companies

Subsidiary Expansion Details

The Board took note of expansion plans for material subsidiaries:

CMR Nikkei India Private Limited: Plant under development in Bawal, Haryana; operations expected to commence in FY2027
CMR-Toyotsu Aluminium India Private Limited: Plant under development in Shoolagiri, Tamil Nadu; operations expected to commence in FY2027

Financial Results - Standalone (Amount in ₹ crores)

Quarter Ended March 31, 2026:

Total Income: 1,314.77
Profit Before Tax: 52.40
Profit After Tax: 40.27
Basic EPS: ₹1.84
Diluted EPS: ₹1.84

Year Ended March 31, 2026:

Total Income: 5,116.76
Profit Before Tax: 168.19
Profit After Tax: 126.80
Basic EPS: ₹5.79
Diluted EPS: ₹5.79
Paid-up Share Capital: 43.81
Other Equity: 1,477.53

Financial Results - Consolidated (Amount in ₹ crores)

Quarter Ended March 31, 2026:

Total Income: 2,368.24
Profit Before Tax: 87.01
Profit After Tax: 65.98
Basic EPS: ₹2.94
Diluted EPS: ₹2.93

Year Ended March 31, 2026:

Total Income: 8,659.24
Profit Before Tax: 300.21
Profit After Tax: 228.38
Basic EPS: ₹9.70
Diluted EPS: ₹9.69
Paid-up Share Capital: 43.81
Other Equity: 1,487.60

Business Operations

The company 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.

IPO Completion

Subsequent to the year ended March 31, 2026, 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.

ESOP Grants

During the quarter and year ended March 31, 2026, 1,504,000 stock options were granted under Employee Stock Option Plans, with share-based payment expense of ₹0.68 crores recognized.

Audit Opinion

M/s. ASA and Associates LLP, Chartered Accountants (FRN: 009571N/N500006), issued unmodified audit opinions on both standalone and consolidated financial results for the year ended March 31, 2026.

Other Matters

The company has filed e-Forms with Registrar of Companies, Haryana on June 12, 2026 for alteration of CIN to reflect change from "Unlisted" to "Listed" status (pending approval)
Two joint venture companies (CMR-Chiho Industries India Private Limited and CMR-Chiho Recycling Technologies Private Limited) not consolidated due to cessation of operations and ongoing disputes between joint venture partners
Figures for quarters are balancing figures between audited full-year results and previously audited/interim figures