CSM Technologies FY26 PAT jumps 70% to ₹24 cr

Key update from the FY26 audited results

CSM Technologies Ltd, an Odisha-based GovTech and enterprise digital transformation company, reported a strong FY26 performance driven by higher margins and operating efficiencies. Consolidated profit after tax (PAT) rose 70.2% year-on-year to ₹24.01 crore for the year ended March 2026. Total income increased 14.0% to ₹228.72 crore, compared with ₹200.63 crore in the previous year. The company also reported a sharp improvement in profitability metrics, including EBITDA growth and margin expansion.

The results matter because they indicate improving operating leverage at a time when revenue growth is moderate. The company also disclosed a sizeable order book, which it said provides revenue visibility beyond FY26. Alongside the audited results, the board recommended a final dividend, subject to shareholder approval. The disclosures were made as part of the company’s first full-year reporting as a listed entity.

FY26: income up 14%, margins improve

For FY26, CSM Technologies reported EBITDA of ₹48.00 crore, up 56.6% year-on-year. EBITDA margin expanded by 571 basis points to 21.0% from 15.3% in FY25, as per the company’s audited disclosure. PAT margin improved by 347 basis points to 10.5%.

On profit before tax (PBT), the company provided detail on the impact of a one-off statutory charge linked to the New Labour Codes. PBT prior to exceptional items rose 70.0% year-on-year to ₹34.78 crore. After accounting for the exceptional statutory charge of ₹2.73 crore, post-exceptional PBT stood at ₹32.04 crore, up 56.6% year-on-year from ₹20.46 crore in FY25.

Q4 FY26: profit grows faster than revenue

For the March quarter (Q4 FY26), CSM Technologies reported PAT of ₹9.3 crore, up 77.7% year-on-year from ₹5.23 crore. The company said revenue from operations stood at ₹61.67 crore, up 2.6% year-on-year. In another market snapshot included in the provided text, consolidated revenue for the quarter was cited at ₹60.4 crore versus ₹59.7 crore a year ago.

EBITDA for the quarter rose 56% to ₹16.4 crore, while margin improved to 26.6% from 17.5% a year ago. The provided market snapshot separately cited an EBITDA margin of 27.2% versus 17.6% in the prior-year period, alongside the same ₹16.4 crore quarterly EBITDA figure.

Quarterly table numbers show net sales at ₹57.65 crore

The quarterly results table shared in the provided data (figures in crore) reported net sales of ₹57.65 crore for Mar 2026, total expenditure of ₹43.59 crore, and operating profit of ₹14.06 crore. It also reported other income of ₹1.46 crore, interest of ₹0.90 crore, and depreciation of ₹1.26 crore.

The same table recorded exceptional items of -₹2.73 crore, profit before tax of ₹10.63 crore, tax of ₹2.25 crore, and profit after tax of ₹8.38 crore. Adjusted EPS for the quarter was reported at ₹2.17.

Exceptional charge: Labour Codes impact highlighted

CSM Technologies linked the one-time exceptional charge of ₹2.73 crore to the statutory impact of the new Labour Codes. It also reported a version of Q4 PBT excluding this charge. According to the company, Q4 FY26 profit before tax excluding the exceptional item stood at ₹14.17 crore, reflecting 92.1% growth year-on-year.

This disclosure helps separate operating performance from one-off statutory costs. It also indicates the company’s focus on presenting an underlying profitability picture, particularly for a quarter that included a significant exceptional item.

Order book at ₹357.63 crore and dividend proposal

CSM Technologies said its order book stood at ₹357.63 crore as of March 31, 2026. The company stated this provides revenue visibility of more than 1.5 times its FY26 revenue.

The board recommended a final dividend of ₹0.50 per equity share for FY26, subject to shareholder approval. The disclosure also noted the dividend relates to equity shares with face value ₹10 on 5,16,03,472 equity shares for FY26, and that the payout would be made within 30 days of approval at the upcoming AGM.

Investments disclosed: intangible assets and fixed assets

During FY26, the company invested ₹10.25 crore in intangible assets under development to strengthen its proprietary technology platforms. It also invested ₹3.17 crore in property, plant and equipment, and ₹1.17 crore in capital work-in-progress.

These numbers add context to the year’s margin and profit expansion, especially for a technology-led services business where platform development and delivery efficiency can influence operating leverage.

Profit and loss trend (FY23 to FY25)

The provided profit and loss table (figures in crore, EPS in rupees) shows net sales rising from ₹152.65 crore in Mar 2023 to ₹192.67 crore in Mar 2024 and ₹197.58 crore in Mar 2025. Over the same period, operating profit increased from ₹23.55 crore (Mar 2023) to ₹26.72 crore (Mar 2024) and ₹30.70 crore (Mar 2025).

Net profit in the table was ₹17.30 crore in Mar 2023, ₹15.73 crore in Mar 2024, and ₹16.38 crore in Mar 2025. The table also shows interest rising to ₹4.26 crore by Mar 2025, and depreciation increasing to ₹6.05 crore in Mar 2025.

Market snapshot and share price mentioned

The provided text included a share price reference stating: “The current share price of CSM Technologies is Rs 100.37.” The same set of disclosures also framed the FY26 reporting as the company’s first full-year financial reporting as a publicly listed entity.

Separately, an auditor’s report from M/s SRB & Associates, Chartered Accountants was noted as having issued an unmodified opinion on the accounts.

Key figures at a glance

Why the FY26 print matters for investors

The standout feature of the FY26 results is the gap between revenue growth and profit growth. Total income rose 14%, while EBITDA grew 56.6% and PAT rose 70.2%, supported by a material improvement in EBITDA margin to 21%. In Q4, profit expanded sharply despite only modest year-on-year growth in revenue from operations, indicating better delivery efficiency and cost control during the quarter.

The company’s disclosure of an order book of ₹357.63 crore, and its claim of more than 1.5x FY26 revenue visibility, is also central to how the market may assess near-term business momentum. The final dividend proposal adds an additional data point for shareholder returns, although it remains subject to approval at the AGM.

Conclusion

CSM Technologies closed FY26 with higher profitability, expanding margins, and a sharp rise in consolidated PAT to ₹24.01 crore, alongside a Q4 PAT of ₹9.3 crore. The company also disclosed a one-time Labour Codes related exceptional charge of ₹2.73 crore and highlighted underlying profit growth excluding that item.

The next formal milestone is shareholder consideration of the final dividend of ₹0.50 per share at the AGM, after which the company said the dividend would be paid within 30 days of approval.