ALFA Finder
The call ran from 11:01 AM to 12:01 PM IST (1 h).
Key takeaways
CMR Green reports strong volume-led growth across aluminum segments, but high working capital and capex currently suppress cash flows and ROCE.
| Management target | Revenue 18.0% FY28 |
|---|
| Revenue growth | Revenue grew 59% YoY, driven by strong 24% aluminum volume growth. |
|---|---|
| Margins | EBITDA/kg improved to ₹12.60; pass-through mechanisms mitigate metal price volatility. |
| Demand visibility | Strong visibility from record automotive sales and increasing EV aluminum content. |
| Management confidence | Confident, focusing on operational efficiencies and long-term recycling tailwinds. |
Growth
Q2 revenue rose 59% YoY; aluminum volumes grew 24%, driven by record Indian passenger and two-wheeler sales.
Outlook
Management guides for 5 lakh tons in FY27 and 18% volume growth in FY28 with ROCE returning to 20%.
Risks
EU scrap export restrictions from 2027 and sustained high debt levels for ongoing capex remain primary concerns.
Last quarter's promises, checked
Delivered
- EBITDA ₹12/kg sustained → ₹12.60/kg (= BEAT)
Partly delivered
- 25% FY27 volume growth → aluminium volume +24% in quarter; FY not complete (= PARTIAL)
- >7 lakh tpa capacity by end-FY27 → ₹200 Cr FY27 capex, expansions ongoing, no capacity figure reported (= PARTIAL)
Missed
- Net D/E to fall from 0.86 toward historical 0.5 → 0.9 (= MISS)
- Positive operating cash flow once prices stabilise → cash flows still suppressed by working capital and capex (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
CMR Green Technologies Q2 FY27 Results: Net Profit ₹72.7 Cr, Up 25.6% YoY
CMR Green Technologies Ltd reported revenue from operations of ₹3,472 Cr (+59.2% YoY) and net profit of ₹72.7 Cr (+25.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹72.7 Cr · +25.6% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Planned capex of INR 200 Cr for FY27; targeting 7 lakh MT capacity and 25% volume growth in FY27.
Growth they described
FY26 volumes grew 24% to 80,381 MT. Revenue grew 30% YoY; EBITDA grew 50% YoY to INR 449 Cr.
Call details
| Company | CMR Green Technologies Limited |
|---|---|
| NSE symbol | CMRGREEN |
| ISIN | INE00WV01027 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 12 November 2026 |
| Time | 11:00 AM IST |
| Length | 1 h |
| Audio | Our stream on YouTube ↗ |
CMR Green Technologies Limited: key numbers
- Share price
- ₹215.43
- Market cap
- ₹4,719 Cr
- Revenue (annual)
- ₹8,640 Cr
- Net profit (annual)
- ₹212.4 Cr
- P/E (TTM)
- 19.9×Sector 17.1×
- Promoter holding
- 84.00%+0.00% QoQ
- FII holding
- 2.11%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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