CFF Fluid Control FY26 profit jumps to ₹39.2 cr

Board approves audited FY26 numbers

CFF Fluid Control Limited said its Board of Directors approved the audited standalone financial results for the half year and full year ended March 31, 2026. The meeting was held on May 5, 2026, at the company’s corporate office at 503, Delphi Wing, Orchard Avenue, Hiranandani Business Park, Powai, Mumbai. It commenced at 3:33 PM and concluded at 4:00 PM.

The results were reviewed by the audit committee and approved under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The independent auditor’s report was issued by V.N. Purohit & Co., Chartered Accountants. The auditor gave an unmodified opinion, stating that the financial results present a true and fair view.

FY26 revenue climbs to ₹208.74 crore

For the full year ended March 31, 2026, CFF Fluid Control reported revenue from operations of ₹208.74 crore. This compared with ₹145.56 crore in FY25. Total revenue for FY26 stood at ₹208.98 crore versus ₹146.10 crore a year earlier.

Costs rose alongside the topline. Total expenses were ₹156.94 crore in FY26 compared with ₹113.16 crore in FY25. Profit before tax was ₹52.04 crore in FY26, up from ₹32.94 crore in FY25.

The company reported a net profit of ₹39.20 crore in FY26, compared with ₹23.85 crore in FY25. Basic EPS (not annualised) was ₹19.08 in FY26 versus ₹12.25 in FY25. Diluted EPS (not annualised) was also ₹19.08, unchanged from basic EPS.

Expense mix shows higher material costs

The financial statement showed cost of material consumed at ₹103.52 crore in FY26, higher than ₹44.72 crore in FY25. Employee benefit expenses rose to ₹15.15 crore from ₹11.10 crore. Finance costs declined to ₹1.36 crore from ₹2.24 crore.

Depreciation and amortisation was broadly steady at ₹6.00 crore in FY26 versus ₹6.13 crore in FY25. Operating expenses were ₹18.37 crore in FY26 compared with ₹27.82 crore in FY25. Other expenses increased to ₹16.72 crore from ₹7.81 crore.

Half-year numbers: H2 holds steady versus H1

For the half year ended March 31, 2026 (H2 FY26), revenue from operations was ₹104.61 crore, compared with ₹104.13 crore in H1 FY26. For H2 FY25, revenue from operations was ₹65.53 crore.

Net profit for H2 FY26 was ₹20.07 crore, compared with ₹19.13 crore in H1 FY26. Net profit for H2 FY25 was ₹9.80 crore. Profit before tax in H2 FY26 was ₹26.42 crore versus ₹25.63 crore in H1 FY26.

Balance sheet expands; cash position improves sharply

As on March 31, 2026, total assets stood at ₹317.42 crore, up from ₹199.03 crore as on March 31, 2025. Total shareholders’ funds increased to ₹266.22 crore from ₹147.84 crore, supported by reserves and surplus rising to ₹245.24 crore.

Equity share capital was ₹20.97 crore as on March 31, 2026, compared with ₹19.47 crore as on March 31, 2025. Total non-current liabilities were ₹3.85 crore and current liabilities were ₹47.35 crore as on March 31, 2026.

Working capital items moved meaningfully year-on-year. Trade receivables stood at ₹104.61 crore as on March 31, 2026, compared with ₹59.66 crore a year earlier. Cash and cash equivalents rose to ₹43.55 crore from ₹2.60 crore.

Cash flow: operating outflow, financing inflow

For the year ended March 31, 2026, the company reported a net cash outflow from operating activities of ₹26.05 crore. This compared with an operating outflow of ₹3.22 crore in the previous year.

Net cash flow from investing activities was an outflow of ₹9.53 crore, primarily due to purchase of property, plant and equipment of ₹9.72 crore. Net cash from financing activities was ₹76.53 crore, supported by proceeds from issue of share capital of ₹81.21 crore.

Closing cash and cash equivalents stood at ₹43.55 crore.

FPO details and utilisation

CFF Fluid Control said it issued and allotted 15,00,000 equity shares of face value ₹10 each at a premium of ₹575 per equity share through a Further Public Offer (FPO) on July 14, 2025. The company disclosed the utilisation of the entire FPO proceeds as of March 31, 2026.

Working capital utilisation was ₹72.60 crore, matching the amount stated in the prospectus. General corporate purpose utilisation was ₹8.61 crore against ₹8.33 crore stated, while issue expenses were ₹6.54 crore against ₹6.82 crore stated. Total utilisation was ₹87.75 crore.

Dividend recommendation and key appointments

The board recommended a final dividend of ₹0.75 per equity share (75 paisa, i.e., 7.5%) on equity shares of face value ₹10 each for FY26, subject to shareholder approval at the ensuing Annual General Meeting.

The company also disclosed appointments effective May 5, 2026. Ravi Seth & Company, Chartered Accountants, was appointed internal auditor for FY 2026-27 and FY 2027-28. M Rupareliya & Associates, Company Secretaries, was appointed secretarial auditor for FY 2026-27 and FY 2027-28. A.S Rao & Co., Cost Accountants, was appointed cost auditor for FY 2026-27.

The notification was signed by CFO Hitesh Birla, and the results were signed by Managing Director Sunil Menon (DIN: 00409485). The company also said the trading window will reopen 48 hours after the conclusion of the board meeting, in line with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Stock performance snapshot shared in the update

The disclosure also carried historical stock return data for CFF Fluid Control: +2.70% (1 day), +0.89% (5 days), +40.79% (1 month), +21.35% (6 months), +67.48% (1 year), and +358.15% (5 years). The same document also displayed a market price reference of ₹539.65 with a 5-day change of +1.68% and a “1st Jan change” of +1.51%.

What the filing does and does not explain

The financial results show strong year-on-year growth in revenue and profit, but the disclosure does not provide an end-market or product-segment breakup for FY26. As a result, the specific customer categories or product lines driving the revenue increase cannot be identified from the published numbers alone.

Similarly, the update does not lay out a stated FY27 capital allocation plan for the closing cash balance of ₹43.55 crore. While the company disclosed capex purchases of ₹9.72 crore in FY26 and full utilisation of FPO proceeds, it did not disclose further expansion, acquisition plans, or a dividend policy beyond the recommended final dividend for FY26.

Key numbers at a glance (₹ crore)

Balance sheet and cash flow highlights (₹ crore)

Conclusion

CFF Fluid Control’s audited FY26 results show revenue rising to ₹208.74 crore and net profit increasing to ₹39.20 crore, alongside a balance sheet expansion and higher cash on hand. The company also recommended a final dividend of ₹0.75 per share and disclosed auditor and compliance-related appointments for FY 2026-27 and FY 2027-28. The next formal milestone for investors is shareholder consideration of the final dividend at the ensuing AGM, while the company’s disclosures will be watched for additional detail on segment drivers, receivables movement, and cash deployment.