Financial Performance Highlights

FY26 Financial Results (Year Ended March 31, 2026)

  • Revenue from operations: ₹8,640.19 crore (vs. ₹6,669.09 crore in FY25)
  • Other income: ₹19.05 crore (vs. ₹30.18 crore in FY25)
  • Total income: ₹8,659.24 crore (vs. ₹6,699.27 crore in FY25)
  • Cost of raw materials consumed: ₹7,585.48 crore (vs. ₹5,885.11 crore in FY25)
  • Employee benefits expenses: ₹183.07 crore (vs. ₹145.34 crore in FY25)
  • Finance costs: ₹91.08 crore (vs. ₹61.21 crore in FY25)
  • Depreciation and amortization expense: ₹77.20 crore (vs. ₹62.69 crore in FY25)
  • Other expenses: ₹418.17 crore (vs. ₹334.92 crore in FY25)
  • Total expenses: ₹8,355.00 crore (vs. ₹6,489.26 crore in FY25)
  • Profit before share in loss of Joint ventures and tax: ₹304.24 crore (vs. ₹210.01 crore in FY25)
  • Share in loss of Joint Ventures (net of tax): ₹(4.03) crore (vs. ₹(4.93) crore in FY25)
  • Profit before tax: ₹300.21 crore (vs. ₹205.08 crore in FY25)
  • Tax expense: ₹71.83 crore (vs. ₹50.03 crore in FY25)
  • Profit for the year: ₹228.38 crore (vs. ₹155.05 crore in FY25)

Operational Highlights

FY26 marked a year of strong growth with revenue increasing approximately 30% year-over-year, driven by:

  • Sales volumes increasing by approximately 25%, led by higher sales of aluminium and other metal products
  • Average realization per tonne improved by approximately 4%
  • Favourable product mix and disciplined cost management
  • Strong operating leverage enabled significant margin expansion
  • Q4 FY26 continued the momentum with 45% revenue growth and substantial improvement in profitability metrics

Balance Sheet Position (as at March 31, 2026)

Assets

  • Total assets: ₹3,872.61 crore (vs. ₹2,815.87 crore in FY25)
  • Non-current assets: ₹1,121.39 crore (vs. ₹944.13 crore in FY25)
  • Property, plant and equipment: ₹709.96 crore
  • Capital work in progress: ₹67.60 crore
  • Intangible assets: ₹2.00 crore
  • Right-of-use assets: ₹62.62 crore
  • Investments in Joint ventures: ₹34.75 crore
  • Deferred tax assets (net): ₹111.89 crore
  • Other non-current assets: ₹104.07 crore
  • Current assets: ₹2,749.87 crore (vs. ₹1,871.23 crore in FY25)
  • Inventories: ₹1,316.85 crore
  • Trade receivables: ₹941.65 crore
  • Cash and cash equivalents: ₹5.59 crore
  • Other financial assets: ₹183.36 crore
  • Other current assets: ₹296.38 crore
  • Assets held for sale: ₹1.35 crore

Equity and Liabilities

  • Total equity: ₹1,724.66 crore (vs. ₹1,521.29 crore in FY25)
  • Equity share capital: ₹43.81 crore (unchanged)
  • Other equity: ₹1,487.60 crore
  • Non-controlling interest: ₹193.25 crore
  • Non-current liabilities: ₹246.22 crore (vs. ₹271.63 crore in FY25)
  • Borrowings: ₹136.38 crore
  • Lease liabilities: ₹22.20 crore
  • Deferred tax liabilities (net): ₹77.21 crore
  • Current liabilities: ₹1,901.73 crore (vs. ₹1,022.95 crore in FY25)
  • Borrowings: ₹1,260.39 crore
  • Lease liabilities: ₹7.01 crore
  • Trade payables: ₹328.46 crore (including ₹44.55 crore due to micro/small enterprises)
  • Other financial liabilities: ₹231.57 crore
  • Current tax liabilities (net): ₹15.06 crore

Cash Flow Statement (FY26)

  • Net cash used in operating activities: ₹(409.96) crore (vs. ₹(91.99) crore in FY25)
  • Net cash used in investing activities: ₹(134.12) crore (vs. ₹(234.84) crore in FY25)
  • Net cash generated from financing activities: ₹547.89 crore (vs. ₹325.59 crore in FY25)
  • Net change in cash & cash equivalents: ₹3.82 crore (vs. ₹(1.23) crore in FY25)

Business Overview and Strategy

CMR Green Technologies Limited is positioned as a leading domestic aluminium recycler in India, serving as a key enabler of the industry's decarbonization. Key business strengths include:

  • Leading supplier of liquid Aluminium alloy
  • Strong and diversified supplier base for sourcing raw materials
  • Long-standing customer relationships
  • Strategic alliances through joint ventures
  • Environment friendly business supported by green technologies and processes with focus on ESG

The company emphasizes the environmental benefits of aluminium recycling compared to primary production:

  • Power consumption: ~700 Kwh vs. 14,000 Kwh (~95% lower)
  • Carbon dioxide: ~290 kg vs. 3,830 kg (~92% lower)
  • Water: 1-1.25 MT vs. 20-25 MT (~95% lower)
  • Eliminates need for bauxite, limestone, and generates negligible solid waste

Management and Governance

Board of Directors

  • Mohan Agarwal: Chairman & Managing Director (Commerce graduate, 31+ years experience)
  • Raghav Agarwal: Whole-time Director (Bachelor's degree Mechanical Engineering)
  • Balvinder Kumar: Whole-time Director (Bachelor's degree - Commerce, Master's degree - Law)
  • Girish Paman Vanvari: Whole-time Director (Business Head CMR ECO, Tirupati)
  • Peter Francis Amour: Non-Executive Nominee Director
  • Rashmi Verma: Independent Director (Former Indian Administrative Service officer)
  • Gyanmohan: Independent Director (Member, Indian Institute of Bankers)

Additional Corporate Information

  • Investor Contacts:
  • Mr. Yugal Kishor Garg, Chief Financial Officer (Email: yugal.g@cmr.co.in)
  • Ms. Srishti Saxena, Company Secretary & Compliance Officer (Email: complianceofficer@cmr.co.in)