CSM Technologies shares rose over 5% on the NSE on July 21, a day after the Bhubaneswar-based GovTech firm posted strong full-year results in its debut as a listed company.
The stock touched ₹104.40, up ₹5.07 or 5.10%, in early trade
The rally followed CSM’s audited consolidated results for the fourth quarter and financial year ended March 31, 2026, released after market hours on July 20. This marks the company’s first full-year results since listing on the BSE and NSE.
FY26 numbers
Total income for FY26 rose 14.0% to ₹228.72 crore, up from ₹200.63 crore in FY25.
EBITDA grew 56.6% to ₹48 crore. Margins expanded by 571 basis points to 21.0%, from 15.3% a year earlier.
Profit before tax, before an exceptional charge, rose 70.0% to ₹34.78 crore. After accounting for the exceptional item, pre-tax profit was up 56.6% at ₹32.05 crore.
Net profit for the year jumped 70.2% to ₹24.01 crore, from ₹14.10 crore in FY25. PAT margin improved by 347 basis points to 10.5%.
Basic and diluted EPS rose 64.0% to ₹6.10, compared with ₹3.72 in the previous year.
The Board recommended a final dividend of ₹0.50 per equity share for FY26, subject to shareholder approval at the upcoming Annual General Meeting. The dividend, if approved, will be paid within 30 days of the AGM.
CSM Technologies stock price: Q4 snapshot
Fourth-quarter income grew a modest 2.61% year-on-year to ₹61.67 crore, and was down 5.18% sequentially from ₹65.04 crore in Q3 FY26.
EBITDA for the quarter jumped 56.03% year-on-year to ₹16.41 crore, with margins up 911 basis points to 26.6%.
Net profit for the quarter rose 77.72% to ₹9.30 crore, from ₹5.23 crore a year earlier. PAT margin climbed 637 basis points to 15.1%.
Both the full-year and Q4 profit figures include a one-time ₹2.73 crore charge linked to the statutory impact of the new Labour Codes. Stripping that out, Q4 pre-tax profit would have grown 92.1% year-on-year to ₹14.17 crore.
Order book and outlook
CSM’s outstanding order book stood at ₹357.63 crore as of March 31, 2026 — more than 1.5 times its FY26 revenue, giving the company strong revenue visibility going into FY27.
“FY26 has been a strong year for CSM Technologies, with total income growing 14.0% while EBITDA and PAT increased by 56.6% and 70.2%, respectively, reflecting improved operating leverage and execution efficiencies,” said Priyadarshi Pany, Managing Director & CEO. “We enter FY27 well positioned to pursue the opportunities ahead and drive sustainable, profitable growth.”
CSM Technologies: Investments
During FY26, the company invested ₹10.25 crore in intangible assets under development, as part of its push to build proprietary GovTech products. It also deployed ₹3.17 crore towards property, plant and equipment, and ₹1.17 crore in capital work-in-progress.
CSM continues to expand its GovTech and enterprise digital transformation offerings across sectors including mining, agriculture, education, healthcare and public services, with a growing footprint in India and international markets such as Africa.
