Cosmic CRF FY26 profit jumps 74% to ₹506 crore on strong revenue
Cosmic CRF reported a 74% increase in consolidated net profit for FY26 to ₹506.32 crore, driven by a 78% rise in revenue to ₹716.60 crore. The company achieved a positive operating cash flow of ₹3.59 crore and expanded capacity to 133,600 MTPA with a strong order book of ₹760 crore.

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Cosmic CRF Limited reported a 74% increase in consolidated net profit for the financial year ended March 31, 2026, reaching ₹506.32 crore compared to ₹290.26 crore in the previous year. Revenue from operations rose 78% to ₹716.60 crore from ₹401.63 crore in FY25. The board approved the audited standalone and consolidated financial results for the year during a meeting held on May 25, 2026. The company also released an investor presentation digitally signed on May 26, 2026, detailing its performance and strategic outlook.
M/s. G A R V & Associates, Statutory Auditors, issued an unmodified opinion on the financial results. The company noted that this is the first period it has prepared financial results in compliance with Indian Accounting Standards (Ind AS), with prior periods restated for comparability. The board re-appointed M/s. B. Nath & Co. as Internal Auditor and M/s. Mandal Biswas Das Lodh & Co. as Cost Auditor for FY27.
Operating Cash Flow Turnaround
Cosmic CRF achieved a positive operating cash flow of ₹3.59 crore in FY26, reversing the previous year's negative operating cash flow of ₹89.16 crore. This turnaround occurred despite aggressive capital expenditure on capacity expansion and product diversification. The company attributed the cash flow generation to improved operational efficiency and better working capital alignment.
Consolidated Financial Performance
On a consolidated basis, the company delivered strong growth across key metrics. The table below presents the consolidated financial performance for FY26:
| Metric: | FY26 (₹ in Cr) | FY25 (₹ in Cr) |
|---|---|---|
| Revenue from Operations | 716.60 | 401.63 |
| Total Income | 722.78 | 401.97 |
| Total Expenses | 660.99 | 370.80 |
| Profit Before Tax | 617.98 | 370.86 |
| Net Profit | 506.32 | 290.26 |
| EPS (Basic) | 55.03 | 35.15 |
Standalone Financial Performance
The standalone results reflected consistent revenue growth and profitability improvements. The table below summarises the standalone financial metrics:
| Metric: | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 33,389.75 | 30,163.70 |
| Total Income | 33,886.61 | 30,180.85 |
| Total Expenses | 30,345.56 | 27,701.94 |
| Profit Before Tax | 3,541.05 | 2,478.91 |
| Net Profit | 2,629.08 | 1,833.10 |
| EPS (Basic) | 30.52 | 22.20 |
Capacity Expansion and Order Book
The company reported a total installed capacity of 133,600 MTPA, achieving approximately 79% capacity utilisation in FY26. Cosmic CRF holds a strong order book of ₹760 crore, diversified across Railways and Infrastructure sectors. The Singur facility capacity was increased to 55,000 MTPA, while subsidiary NS Engineering Projects scaled to 65,000 MTPA within 15 months of acquisition. The company is targeting a consolidated volume of 175,000 MTPA by FY28.
Historical Stock Returns for Cosmic CRF
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.00% | +21.24% | +38.27% | -12.19% | -15.33% | +354.39% |
How does the company plan to fund the remaining capital expenditure required to achieve the targeted 175,000 MTPA capacity by FY28?
What specific strategies will be employed to convert the strong ₹760 crore order book into revenue while maintaining the current capacity utilisation rate?
Will the shift to Indian Accounting Standards (Ind AS) have any material impact on future quarterly reporting or tax liabilities compared to previous periods?


































