Cosmic CRF FY26 profit jumps 74% to ₹506 crore
Cosmic CRF reported a 74% increase in consolidated net profit to ₹506.32 crore for FY26, with revenue rising 78% to ₹716.60 crore. The company achieved a positive operating cash flow of ₹3.59 crore and holds an order book of ₹760 crore. Management confirmed eligibility to acquire Amzen Transportation Industries, targeting commercial production within a year and a total capacity of 350,000 MTPA by FY29.

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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.
Strategic Outlook and Amzen Acquisition
During a post-earnings conference call on May 26, 2026, management highlighted the successful resolution of legal challenges regarding the acquisition of Amzen Transportation Industries Private Limited. The Supreme Court set aside the previous NCLAT order, declaring the company eligible to proceed as the H1 bidder. The company expects to receive the Letter of Intent (LOI) from the Committee of Creditors (CoC) shortly. Management stated that the Amzen asset, which includes wagon manufacturing, bridge girder fabrication, and potential for sea freight container production, will be a significant growth driver. The company aims to commence commercial production at the facility within 9 to 12 months of the LOI. Management also guided for a capacity target of 350,000 MTPA by FY29.
Historical Stock Returns for Cosmic CRF
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.21% | +12.00% | +30.88% | -4.95% | -31.12% | +367.21% |
What specific revenue synergies is Cosmic CRF expecting from the Amzen acquisition once commercial production commences?
How will the company finance the aggressive capital expenditure required to reach the 350,000 MTPA capacity target by FY29?
What is the projected timeline for converting the strong order book of ₹760 crore into actual revenue given the current capacity utilisation?

































