CMR Green Technologies Reports ₹3,472 Crore Q2 FY27 Revenue

CMR Green Technologies Limited reported consolidated revenue of ₹3,471.85 crore and profit after tax of ₹72.65 crore for Q2 FY27 ended September 30, 2026, while operating profit reached ₹149.2 crore and the operating margin stood at 4.3%. The results show sequential growth in revenue, operating profit and net profit from Q1 FY27.

What did CMR Green Technologies report for Q2 FY27?

CMR Green Technologies reported consolidated revenue from operations of ₹3,471.85 crore in the July-September 2026 quarter. Consolidated profit before tax was ₹94.32 crore, while profit after tax was ₹72.65 crore. The company said both the quarterly revenue and PAT exceeded their respective figures in the corresponding prior-year period, although the supplied data does not provide the year-on-year comparison amounts.

The reported quarterly operating profit was ₹149.2 crore, compared with ₹133.6 crore in Q1 FY27. Revenue increased from ₹3,123 crore in Q1 FY27 to ₹3,472 crore in Q2 FY27, a sequential increase of 11.2%. Net profit rose 6.6% quarter-on-quarter from ₹68.2 crore to ₹72.7 crore, while earnings per share increased 8.2% to ₹3.03.

The operating margin remained at 4.3% in Q2 FY27, unchanged from Q1 FY27. This was below the 5.5% operating margin reported in Q4 FY26. The quarterly data therefore indicates that revenue and operating profit expanded sequentially, while the margin was stable through the first two quarters of FY27.

How did the first half of FY27 perform?

CMR Green reported consolidated revenue of ₹6,594.58 crore and PAT of ₹140.83 crore for the half year ended September 30, 2026. Consolidated PBT for H1 FY27 was ₹183.98 crore, including a ₹2.03 crore share of profit from joint ventures. The company stated that H1 revenue and PAT were above the corresponding prior-year figures.

The standalone business reported Q2 revenue of ₹1,786.57 crore and PAT of ₹34.95 crore. For H1 FY27, standalone revenue was ₹3,399.97 crore and standalone PAT was ₹70.20 crore. These figures distinguish the company-only financial performance from the consolidated results, which include relevant group entities and joint-venture contributions.

Profit attributable to equity holders was ₹66.35 crore in Q2 FY27, while ₹6.30 crore was attributable to non-controlling interests. For H1 FY27, profit attributable to equity holders was ₹127.72 crore and the amount attributable to non-controlling interests was ₹13.11 crore. These components together reconcile to the reported consolidated PAT for the respective periods.

What were the main drivers of CMR Green's quarterly profit?

The available result summary indicates that the pre-tax profit was largely generated by the core business. Of Q2 FY27 PBT of ₹94.3 crore, ₹93.2 crore, or 99%, came from core operations. The remaining amount was linked to other income and one-off items.

This composition is relevant because it shows that the reported pre-tax earnings were primarily operational rather than dependent on non-core income. However, the supplied disclosures do not specify product-wise volumes, metal-price movements, scrap procurement costs, customer demand trends or individual cost-line changes behind the quarterly performance.

CMR Green is an integrated metals recycler focused primarily on aluminium recycling. It produces aluminium alloys in liquid and solid forms, zinc alloys and other recycled non-ferrous metals using end-of-life vehicles and industrial scrap. The company operates 13 manufacturing facilities in India, giving its financial performance relevance to both industrial scrap availability and demand for recycled metal products.

What disclosures and investor events accompanied the results?

CMR Green announced its Q2 FY27 financial results on November 6, 2026. It also submitted confirmation of statutory newspaper advertisements concerning the unaudited financial results for the quarter and half year ended September 30, 2026. The company had earlier scheduled a board meeting on November 6 to consider the results for the July-September period.

The company subsequently rescheduled its earnings conference call from November 6 to November 12, 2026, at 11:00 AM IST. According to the announcement, the revision was due to a family bereavement. Management members identified for the discussion include the Chairman and Managing Director, an Executive Director, and the President of Finance and Accounts.

The company also disclosed that CMR-Chiho Industries India Private Limited and CMR-Chiho Recycling Technologies Private Limited were excluded from the consolidated financial statements as of September 30, 2026. The supplied material does not state the reason for the exclusion or quantify its effect on reported financial figures.

Why do the Q2 FY27 results matter to investors?

The results provide one of the first financial reference points for CMR Green as a newly listed company. Its BSE price history began on June 10, 2026, and it has filed results for three quarters so far: Q4 FY26, Q1 FY27 and Q2 FY27. The available quarterly series shows revenue rising from ₹2,365 crore in Q4 FY26 to ₹3,123 crore in Q1 FY27 and ₹3,472 crore in Q2 FY27.

For investors, the key reported trend is the combination of sequential revenue growth and a stable 4.3% operating margin. Operating profit grew 11.7% sequentially, marginally faster than the 11.2% increase in revenue. PAT grew at a slower 6.6% sequential rate, while core operations accounted for 99% of PBT according to the supplied quality-of-profit assessment.

The company operates in the non-ferrous metals recycling industry, where business conditions can be influenced by industrial scrap supply, demand from metal-consuming sectors and operating costs. The available disclosures establish the financial outcomes for Q2 FY27 but do not provide a detailed outlook, guidance, capital expenditure plan or volume forecast. Investors may look to the rescheduled management call for further context on business operations and financial priorities.

Conclusion

CMR Green Technologies delivered consolidated Q2 FY27 revenue of ₹3,471.85 crore, operating profit of ₹149.2 crore and PAT of ₹72.65 crore. Revenue, operating profit and PAT increased from Q1 FY27, while the 4.3% operating margin remained unchanged. The reported pre-tax profit was predominantly derived from core operations.

The next disclosed event is the rescheduled earnings conference call on November 12, 2026, at 11:00 AM IST. Investors will be watching for management commentary on the Q2 and H1 performance, the implications of excluding the two CMR-Chiho entities from consolidation, and any disclosed outlook for the business.