CMR Green Technologies September profit rises to Rs 72.65 crore

CMR Green Technologies Limited reported consolidated profit after tax of Rs 72.65 crore for the quarter ended September 30, 2026, up from Rs 57.94 crore a year earlier, while revenue from operations rose to Rs 3,471.85 crore. The unaudited consolidated results were approved by the board on November 6, 2026.

What were CMR Green Technologies’ September-quarter revenue and profit?

CMR Green Technologies reported revenue from operations of Rs 3,471.85 crore for the September 2026 quarter, compared with Rs 2,180.56 crore in the September 2025 quarter and Rs 3,122.73 crore in the June 2026 quarter. Total income was Rs 3,472.41 crore, including Rs 0.56 crore of other income, compared with total income of Rs 2,183.38 crore a year earlier.

Profit after tax was Rs 72.65 crore, an increase of Rs 14.71 crore from Rs 57.94 crore a year earlier and Rs 4.47 crore from Rs 68.18 crore in the preceding quarter. For the half year ended September 30, 2026, revenue from operations rose to Rs 6,594.58 crore from Rs 4,074.01 crore, while profit after tax increased to Rs 140.83 crore from Rs 113.87 crore.

How did CMR Green Technologies’ costs and pre-tax profit change?

CMR Green Technologies’ total expenses rose to Rs 3,378.63 crore in the September 2026 quarter from Rs 2,106.88 crore a year earlier. Raw-material consumption increased to Rs 3,120.81 crore from Rs 1,942.17 crore, employee-benefit expense rose to Rs 60.36 crore from Rs 45.55 crore, and finance costs increased to Rs 35.41 crore from Rs 20.82 crore.

Profit before the group’s share of joint-venture results and tax was Rs 93.78 crore, compared with Rs 76.50 crore in the September 2025 quarter. A Rs 0.54 crore share of joint-venture profit, after tax, replaced a Rs 1.12 crore share of loss a year earlier, taking profit before tax to Rs 94.32 crore; tax expense was Rs 21.67 crore, compared with Rs 17.44 crore.

For the six months ended September 30, 2026, total expenses were Rs 6,419.43 crore, against Rs 3,925.77 crore in the corresponding 2025 period. Profit before tax increased to Rs 183.98 crore from Rs 149.59 crore, and basic EPS, or earnings per share, was Rs 5.83 against Rs 4.73; CMR Green Technologies stated that half-year EPS was not annualised.

How was CMR Green Technologies’ quarterly profit allocated?

CMR Green Technologies attributed Rs 66.35 crore of September-quarter profit to equity holders of the parent, compared with Rs 50.91 crore in the year-earlier quarter. Non-controlling interests, which are ownership stakes in consolidated subsidiaries not held by the parent, were attributed Rs 6.30 crore, versus Rs 7.03 crore a year earlier, together equalling the Rs 72.65 crore group profit.

Total comprehensive income was Rs 29.20 crore in the September 2026 quarter, below Rs 55.33 crore in the September 2025 quarter despite the higher profit after tax. The difference reflected other comprehensive loss of Rs 43.45 crore in the latest quarter, compared with a Rs 2.61 crore loss a year earlier; Rs 29.63 crore of total comprehensive income was attributable to parent equity holders.

In the half year ended September 30, 2026, parent equity holders were attributed Rs 127.72 crore of profit, compared with Rs 103.63 crore in the prior-year half year. Non-controlling interests were attributed Rs 13.11 crore, up from Rs 10.24 crore, while half-year total comprehensive income was Rs 318.28 crore, including Rs 177.45 crore of other comprehensive income.

What do CMR Green Technologies’ balance sheet and cash flows show?

CMR Green Technologies had total assets of Rs 4,755.41 crore at September 30, 2026, compared with Rs 3,872.61 crore at March 31, 2026. Current assets increased to Rs 3,639.22 crore from Rs 2,749.87 crore, including inventories of Rs 1,708.05 crore versus Rs 1,316.85 crore and trade receivables of Rs 1,341.75 crore versus Rs 941.65 crore.

Total equity was Rs 2,047.40 crore at September 30, including Rs 1,814.28 crore attributable to parent equity holders and Rs 233.12 crore of non-controlling interests. Current borrowings increased to Rs 1,724.99 crore from Rs 1,260.39 crore at March 31, while non-current borrowings fell to Rs 119.57 crore from Rs 136.38 crore; total liabilities rose to Rs 2,708.01 crore from Rs 2,147.95 crore.

Net cash used in operating activities was Rs 258.33 crore in the half year ended September 30, 2026, compared with an outflow of Rs 268.91 crore a year earlier. Working-capital movements included a Rs 503.98 crore inventory increase and a Rs 399.26 crore increase in receivables, while net financing inflow was Rs 379.23 crore, including Rs 491.76 crore of net short-term borrowings.

What did CMR Green Technologies disclose about its review and joint ventures?

CMR Green Technologies’ statutory auditor performed a limited review of the September 30, 2026 consolidated results rather than an audit. The auditor stated that nothing had come to its attention to suggest the statement did not comply with Indian Accounting Standard 34, or Ind AS 34, and applicable listing-disclosure requirements; the results were approved on November 6, 2026.

The consolidated results included five subsidiaries whose interim financial information was reviewed by other auditors, with combined September-quarter revenue of Rs 2,681.77 crore before consolidation adjustments. A foreign subsidiary with management-certified, unaudited information recorded revenue of Rs 221.96 crore before consolidation adjustments and a loss after tax of Rs 0.38 crore during the quarter.

CMR Green Technologies did not consolidate CMR-Chiho Industries India Private Limited and CMR-Chiho Recycling Technologies Private Limited for the period ended September 30, 2026. The joint ventures had ceased operations, their boards determined that statements from March 31, 2022 through September 30, 2026 would not be prepared on a going-concern basis, and the auditor also identified an ongoing dispute between the joint-venture partners.

Conclusion

CMR Green Technologies delivered higher September-quarter revenue, pre-tax profit and profit after tax than in both the September 2025 and June 2026 quarters. Revenue from operations reached Rs 3,471.85 crore and profit after tax was Rs 72.65 crore, with Rs 66.35 crore attributable to parent equity holders and Rs 6.30 crore to non-controlling interests.

The next disclosed unresolved matter is the status of the two excluded CMR-Chiho joint ventures, whose operations had ceased by September 30, 2026 and whose partner dispute remained ongoing. The filing does not provide a timetable for resolution, renewed operations or future consolidation of those entities.