Company Overview

CSM Technologies Limited (BSE: 544806, NSE: CSM), a pioneering Tech Services organization specializing in GovTech solutions, reported strong financial performance for FY 2025-2026. The company completed its transition from private to public limited status and successfully listed on both NSE and BSE through an IPO in July 2026.

Financial Performance Highlights

Consolidated Results

  • Revenue from Operations: ₹2,259.56 crore, up 13.4% YoY from ₹1,992.44 crore in FY25
  • Total Income: ₹2,287.18 crore compared to ₹2,006.27 crore in FY25
  • Profit After Tax: ₹240.07 crore, showing remarkable 70.2% growth from ₹141.04 crore in FY25
  • EBITDA Margin: 21.0% with 571 bps expansion
  • PAT Margin: 10.5% with 347 bps improvement
  • EPS: ₹6.10, up 64.0% YoY

Standalone Performance

  • Revenue from Operations: ₹2,127.5 crore (7.68% YoY growth)
  • Profit Before Tax: ₹268.8 crore (28.83% YoY growth)
  • Net Profit: ₹202.5 crore (23.67% YoY growth)
  • EPS: ₹5.23 (from ₹4.33 previous year)

Business Operations & Investments

  • Order Book: ₹357.63 crore as of March 31, 2026, providing 1.5x revenue visibility
  • Technology Investments: ₹102.5 crore in Intangible Assets Under Development for six proprietary software products including CSM AI Foundry, Plantric, and LCNC Framework
  • Employee Strength: 1,327 employees with attrition rate improving to 16.6% from 23.20% in FY25
  • Subsidiary Network: 5 wholly-owned subsidiaries and 1 subsidiary (90% stake in Kwantify Solutions acquired for ₹180.5 lakh)

Corporate Actions & Capital Structure

Capital Events

  • Bonus Issue: 5:1 bonus shares issued in July 2025 totaling 322.5 lakh shares
  • IPO Completion: Fresh issue of 129.0 lakh shares at ₹113 per share in July 2026, raising ₹145.78 crore
  • Capital Increase: Authorized capital increased to ₹600.0 crore from ₹200.0 crore
  • Paid-up Capital: Increased from 387.0 lakh to 516.0 lakh shares post-IPO

Dividend Declaration

  • Interim Dividend: ₹0.60 per share already paid on 387.0 lakh shares
  • Final Dividend: ₹0.50 per share proposed on 516.0 lakh shares, requiring ₹25.80 crore cash outflow in FY27
  • Total Dividend Payout: ₹2.58 crore for final dividend pending shareholder approval

Balance Sheet & Financial Position

Assets

  • Total Assets: ₹2,147.62 crore (FY25: ₹1,545.38 crore)
  • Property, Plant & Equipment: ₹511.7 crore net carrying amount
  • Trade Receivables: ₹896.5 crore with 47.5% not due
  • Right of Use Assets: ₹39.7 crore for leasehold properties

Liabilities & Equity

  • Total Borrowings: ₹701.5 crore (FY25: ₹321.7 crore) with debt-equity ratio of 0.64
  • Total Liabilities: ₹1,116.19 crore (FY25: ₹775.59 crore)
  • Retained Earnings: ₹669.3 crore
  • Securities Premium: ₹65.3 crore

Regulatory & Compliance Matters

  • AGM Details: 27th Annual General Meeting scheduled for September 29, 2026, via video conferencing
  • Record Date: September 22, 2026 for dividend eligibility
  • Auditors: SRB & Associates continued as statutory auditors, M/s. Bimal Pattanaik & Associates appointed as secretarial auditor
  • RTA Change: Transitioned to KFin Technologies Limited from June 10, 2025

Exceptional Items & Provisions

  • Labour Code Impact: Recognized ₹27.32 crore exceptional item for incremental employee-benefit obligations due to implementation of new labour codes
  • Employee Benefits: Gratuity provision of ₹802.7 lakh and leave encashment of ₹181.4 lakh
  • Contingent Liabilities: Bank guarantees outstanding ₹330.5 crore and fixed deposits held as security ₹65.9 crore

Subsequent Events & Outlook

  • The IPO completed post-year-end has no financial impact on FY26 results but significantly strengthens the capital base
  • The company maintains strong growth momentum with expanded service offerings and international presence
  • Continued focus on proprietary technology development positions CSM Technologies for sustained competitive advantage in the GovTech space

CSM Technologies demonstrates robust financial health with strong profitability, healthy order book, and successful public market entry, positioning the company for continued growth in FY27 and beyond.