CMPI reports FY2026 revenue up 10% as profit falls 8%

CMPI posted a solid top‑line gain in FY2026, but profit slipped amid rising employee costs and mounting liabilities.

• Revenue: ₹2,316.53 cr, up 10.2% YoY from ₹2,102.76 cr, reflecting strong demand for its consultancy services.
• Profit After Tax: ₹613.18 cr, down 8.0% YoY (₹666.91 cr in FY2025), indicating a decline in profitability.
• Margins: No explicit OPM/EBITDA disclosed, but a 23% YoY rise in employee benefits expense to ₹745.01 cr and a 96% YoY jump in other current liabilities to ₹274.88 cr created noticeable margin pressure.
• Cash Flow: Robust operating cash generation of ₹716.42 cr; cash & bank balance increased to ₹459.10 cr.
• Dividend: Board proposes a final dividend of ₹1.06 per share on 7.14 bn equity shares.
• Key Operational Highlights:
  • Core consultancy business unchanged; no new borrowings, acquisitions, or major capital investments.
  • Labour code assessment concluded incremental impact; auditors found employee benefit provisions reasonable.
• Risks: Unresolved old liabilities, large tax disputes (over ₹150 cr), rising employee costs, and potential future labour‑law implementation costs could erode earnings further.

No explicit management guidance was provided in the announcement.