CMR Green's FY26 audit confirms prior numbers, expansions on track
Audited FY26 revenue of ₹8,646 cr matches guidance; subsidiary plants in Haryana and Tamil Nadu still set for FY27 operations.
— 3 earlier stories on CMR Green Technologies Ltd. →What's new
- Audited standalone and consolidated FY26 results approved by board.
- Subsidiary expansions at Bawal and Shoolagiri remain on schedule for FY27 startup.
- No earnings surprise or revision to prior guidance.
Why this matters
The filing is procedural. FY26 revenue and profit were already disclosed in earlier releases. The real test is FY27 volume growth guidance of 25% and the ₹200 cr capex plan, neither of which gets new detail here.
What we're watching
- FY27 volume growth execution – 25% target is aggressive for a recycling play.
- First production from the two subsidiary plants – H1 FY27 is the current timeline.
- Debt-equity ratio at 0.65 – capex financing strategy remains key.
The full read
CMR Green's board approved audited FY26 numbers that investors have already seen. Revenue came in at ₹8,646 cr, up 30% YoY, and the Q4 net profit of ₹67 cr was in line. The only incremental colour is a reaffirmation that two subsidiary plants, CMR Nikkei at Bawal and CMR-Toyotsu at Shoolagiri, are still targeting a FY27 start. Those projects were disclosed months ago. This is a confirmatory filing, not a newsmaking one. What moves the needle from here is the 25% volume-growth guide for FY27 and the ₹200 cr capex plan, none of which gets updated today.
Questions answered
- What were CMR Green's audited FY26 results?
- Audited FY26 revenue was ₹8,646 crore, up 30% YoY, with net profit for Q4 March 2026 at ₹67 crore. These figures were already reported in pre-audit releases.
- Did the board announce any new capex or guidance?
- No. The board merely noted ongoing expansion plans of two material subsidiaries, CMR Nikkei India (Bawal) and CMR-Toyotsu Aluminium India (Shoolagiri), already under development and expected to start in FY27.
- Why is this filing considered low-impact?
- The audited numbers matched prior disclosures, and the subsidiary updates were already known. The analyst scoring system categorises such routine annual results as moderate interest (5/10).
- What are the key metrics to watch for CMR Green?
- The FY27 volume growth guidance of 25% is critical. Also monitor debt-equity currently at 0.65 and the ₹200 crore capex plan announced earlier, as the company scales up.
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All notes on CMRGREEN →- 30 Jun 2026 · 2:02 PM IST CMR Green's FY26 audit confirms prior numbers, expansions on track
- 2d ago CMR Green guides 25% volume growth in FY27 with ₹200 cr capex
- 4d ago CMR Green posts 30% revenue jump, guides 25% volume growth in FY27
- 6d ago CMR Green confirms FY26 numbers, subsidiary expansions on track