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Revenue
₹2,365 Cr
verified against source
Revenue YoY
30%
reported change
EBITDA
₹449 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
CMR Green Technologies reported a strong Q4 FY26 with consolidated revenue of ₹8,640 crore, up 30% YoY, driven by volume growth of 24% to 80,381 metric tons. EBITDA grew 50% YoY to ₹449 crore, with margin at 5.2% (₹11,000 per ton). PAT rose 47.3% YoY to ₹228 crore. The aluminium segment (81% of revenue) grew 27% in volume, supported by auto sector tailwinds and new non-auto products like beverage can recycling and billets/sheets. Management guided for similar volume growth in FY27, with capex of ₹200 crore to expand capacity from 615,000 to 700,000 tons. Key risks include potential scrap export bans from EU/US and commodity price volatility, though hedging mitigates near-term impact.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects similar volume growth of around 25% in FY27, driven by auto sector growth and new capacities.
- Capital expenditure budgeted at ₹200 crore for FY27 to fund capacity expansion to 700,000 tons.
- Two new plants under construction will come online during FY27, adding capacity for EV parts and existing customer demand.
Risks flagged
- Potential EU ban on scrap exports to non-OECD countries from May 2027 and US export restrictions could disrupt raw material supply.
- Aluminium price spikes due to geopolitical conflicts (e.g., Iran-US war) create hedging challenges and OCI volatility.
- Analyst noted that some customers grew 2-3x while CMR's volumes stagnated in certain periods, suggesting potential market share loss.
Key quotes
- We are four times bigger than our nearest competition in terms of our installed capacity. We also happen to be amongst the largest in the world.
- Our quest for improving the EBITDA is an ongoing process. We are continuously looking at more volumes, economies of scale, and technological improvements.
- The demand for scrap across the world is growing. On the other hand, the supply also is growing but the demand is growing faster than the supply.
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