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Cosmic CRF Limited Reports H2 & FY25 Performance Highlights

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Best ever performance on all parameters in FY25

Volume more than doubled due to capacity expansion and operational scale-up

KOLKATA, India, May 26, 2025 /PRNewswire/ — Cosmic CRF Limited, (Bloomberg: COSMICCR:IN) (BSE: 543928) has announced its financial results for the Half Year and year ended 31st March 2025.

Key Performance Highlights

Metric

FY25 (Consolidated)

FY24 (Standalone)

YoY%

Sales Volume

55,941 MT

24,657 MT

+127 %

Avg. Selling Price 

₹73,454 / MT

₹102,800 / MT

-28.6 %

Revenue

₹4,016.3 Mn

₹2,534.8 Mn

+58.4%*

*Note: FY24 revenue is standalone; FY25 figure is consolidated, including subsidiaries.

Sales Volume more than doubled (grew 127% to 55,941 tonnes) due to capacity expansion and operational scale-up. However, a significant fall in average selling price, driven by a ~32% drop in raw material prices, tempered revenue growth. As a result, while production surged, the revenue increase at 58.4% was not proportional to volume.

Key Financial Highlights – H2 FY25 (Standalone)

H2 FY25 Standalone Performance highlights vs H2FY24

Revenue, EBITDA and PAT grow 10%, 38.1% and 6.5% respectivelyEBITDA Margin expanded by 211 bps to 10.4%

Key Business Highlights – FY25

Capacity ExpansionInstalled Capacity (Standalone) reached 45,000 MTPA, reflecting a significant 41% increase from 32,000 MTPA in FY24 with the addition of one more 6000 sq. ft shed extensionNS Engineering Projects Private Limited Capacity (Subsidiary) has reached installed capacity of 65,000 MT in FY25 in line with our guidance. Achieved production of 15,000 MT subsequent to handover from NCLT in June 2024.Cosmic Springs & Engineering Pvt Ltd (Subsidiary)’s acquisition of Helical and Casnub Springs manufacturing unit, leading to capacity addition of 14400 spring sets per annumProcurement of land completed in May 2025 for setting up of forged components manufacturing unit to add value to our railways integration and supply to the railway wagon buildersOrder Book StatusAs of March 31, 2025, the unexecuted order book stands at INR 550 crore, representing 1.8x of FY25 revenue.NEW JVs / ACQUISITIONS for Growth, done during the yearCosmic Springs and Engineers Limited (subsidiary)Entered into Business Transfer Agreement (BTA) for acquisition of Helical and Casnub Springs manufacturing unit with an installed capacity of 14400 spring sets per annum. Cost of acquisition is around Rs. 25 crores – being funded by internal accruals and term loans from bankAcquired land parcel to set up state of art factory to produce forged components for wagons with installed capacity of 7200 MTPA, Capex would be ~45Cr and would be funded through internal accruals and / or term loan from bank. Production expected to start by February 2026Received confirmation from RP of Amzen transportation ltd to submit final resolution plan by 27th may 2025.Credit rating has been upgraded to BBB stable

Cash Flow Commentary – FY25

Key Metrics:Operating Cash Flow (OCF): ₹ (726) millionCapital Expenditure (CapEx): ₹ 468.5 millionFree Cash Flow (FCF): ₹ (1,194.5) million

While Cosmic CRF Ltd. posted a strong net profit of ₹3,082.57 lakhs in FY25, both Operating Cash Flow (OCF) and Free Cash Flow (FCF) were negative due to significant growth investments.

The negative OCF reflects temporary working capital buildup and other operational outflows tied to the scale-up of production and infrastructure.

Substantial CapEx was incurred for:Capacity expansionStrategic acquisitions

Modernization of plants and technology upgrades

Looking forward:The newly added capacities and acquisitions are expected to begin contributing to revenues and margins from FY26 onward.Working capital intensity will normalize, and operating leverage will improve.This will lead to a strong rebound in cash generation, with positive OCF and FCF expected as the benefits of investments materialize.

Way Forward:

Aiming to double sales volume every year over the next 3 yearsKey Drivers for Future Growth:Continue to grow scale of operationsDrive efficiency in capacity utilisationAdopt latest technologiesDiversify product offeringDeveloping a strong presence across the country and lay a strong emphasis on sustainability aspectsThe diversified order book will ensure that the company caters to both the growing sectors – Railways & InfrastructurePlans to acquire another Liquid Metal asset to leverage large steel requirements of the companyThe company continues to emphasize on operational excellence, product innovation, and long-term value creation for all stakeholders.

Commenting on the update, Mr. Aditya Vikram Birla, Chairman & Managing Director of Cosmic CRF Limited, said, “We are pleased to share that FY25 has been a landmark year for Cosmic CRF Limited, marked by our highest-ever revenue, EBITDA, and net profit. Our strategic focus on capacity expansion, operational excellence, and customer-centricity has delivered robust results across key financial and business metrics. Revenue, EBITDA, and PAT grew during H2 and full year FY25, underscoring the strong fundamentals and execution capabilities of our team.

During the year, we successfully scaled our standalone installed capacity by 41%, completed key acquisitions, and enhanced the technological and infrastructural backbone of our subsidiaries. These investments are already translating into enhanced output and greater value creation.

As we look to the future, we remain resolute in our commitment to doubling our volumes every year over the next five years. This will be driven by continued diversification of product offerings, adoption of advanced manufacturing technologies, and a sharp focus on efficiency and sustainability. Our growing and diversified order book positions us strongly in the fast-evolving Railways and Infrastructure sectors.

Despite negative cash flows in FY25, our profitability remains strong. The cash outflows are strategic in nature, aimed at long-term value creation through expansion and integration. With the foundation now laid, we anticipate a significant improvement in free cash flows starting FY26.

With our recent credit rating upgrade to BBB (Stable), we believe we are better poised than ever to leverage opportunities and scale new heights. Our mission remains clear – to create enduring value for all stakeholders through innovation, integrity, and impactful growth.”

About Cosmic CRF Limited

Incorporated in 2021, is a leading manufacturer of Cold Rolled Form (CRF), Sheet Piles, and Railway Components for railway wagon manufacturing, including Indian Railways. The company offers Customized Engineering Solutions with wide applications in Irrigation, Building, Automotive, Railway Wagons, and Other Industries. Operating advanced manufacturing facilities in Singur, Howrah & Jangalpur in West Bengal, Cosmic CRF Limited is committed to quality and industry standards. The company boasts a total installed capacity of 135,000 MTPA and an extensive product portfolio

For further information, please contact:
Cosmic CRF Limited
E: info@cosmiccrf.com
www.cosmiccrf.com

KAPTIFY® Consulting
Investor Relations | Strategy | Consulting
E: contact@kaptify.in | M: +91-845 288 6099
www.kaptify.in

Disclaimer

This document may contain certain forward-looking statements within the meaning of applicable securities law and regulations. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forward–looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward–looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. Many factors could cause the actual results, performances, or achievements of the Company to be materially different from any future results, performances, or achievements. Significant factors that could make a difference to the Company’s operations include domestic and international economic conditions, changes in government regulations, tax regime and other statutes. The Company does not undertake to revise any forward– looking statement that may be made from time to time by or on behalf of the Company

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giga! launches gigaFLEX+, a new youth plan with unlimited AI access

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Comes with free AI access, a monthly bubble tea, 800GB of regional 5G data and 22GB roaming 

SINGAPORE, June 17, 2026 /PRNewswire/ — giga! today launched gigaFLEX+, as part of its gigaSURPRISE campaign, a new mobile plan for youths who are always connected, whether they’re studying, creating content, gaming, travelling or hanging out with friends.  

More than just a data plan, gigaFLEX+ was designed around what youths value today – helping them learn, create, stay connected and enjoy more of the things they love. By bringing together meaningful benefits in one plan, gigaFLEX+ delivers value, exclusively for customers aged 15 to 29.  

“Youths are one of the most dynamic and fast-evolving segments in Singapore, particularly in their adoption of AI, with usage rates 35% higher than the rest of our customer base. These insights helped shape gigaFLEX+, our latest plan created to support the way youths learn, create and stay connected today,” said Vikas Chanani, Vice President, Multibrand and MVNO Partnerships, StarHub.  

The plan includes: 

Free gigaAI subscription with unlimited access to leading AI models including ChatGPT, Claude and Gemini, all in one place. Whether it’s for studying, creating content, brainstorming ideas or everyday tasks, users can tap into a range of AI tools to get the help they need, plus enjoy 300 image generations every month. 800GB of 5G data across Singapore, Malaysia, Indonesia and Thailand that can be rolled over monthly 22GB monthly roaming data, including 12GB Asia Roaming and 10GB International Roaming. One free PlayMade bubble tea every month 

Something to celebrate (for the first 9,999 of you) 

To celebrate the launch, the first 9,999 customers who sign up for gigaFLEX+ can enjoy the plan at $13.90/month for the first 12 months. After the promotional period,  the plan will renew at $19.90/month. 

gigaFLEX+ is available exclusively to customers aged 15 to 29, with eligibility automatically verified via Singpass during sign-up. Visit giga.com.sg or download the giga app to sign up. 

About giga! 

giga! is Singapore’s fully-digital mobile service, created to provide consumers with a better, simpler, and more intuitive mobile experience across products, features, payment modes, delivery tracking, digital engagement, and customer service. 5G powered by Singapore’s Fastest Network, our contract-free plans provide heaps of data, talktime and SMS to meet the needs of heavy data users, at an attractive price. Keeping customers at the core of our innovation, we offer the market’s only Free Rollover Data advantage for all plans, gigaRoam for maximum convenience while travelling, and the giga! app for the ultimate freedom to send gifts and customise their experience – as little or as much as they want. giga! 5G Feels Good. Join the giga! experience today at www.giga.com.sg

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Google Cloud’s Model Garden at Platform 37: An Exclusive Customer Hub for AI Innovation and Collaboration

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LONDON, June 17, 2026 /PRNewswire/ — Google Cloud Summit London ’26 — The Model Garden at Platform 37, opening in London this year, is a premier, invitation-only Google Experience Center (GEC) for Google’s most strategic customers. This flagship EMEA facility offers a purpose-built, confidential environment for C-suite executives, senior leaders, and partners to learn how to drive digital transformation at their organizations using Google Cloud’s entire product portfolio, including industry-leading generative AI and agentic AI models and tools.

Where AI strategy becomes reality

Theory-to-practice: The new GEC is designed to bring Google experts and strategic leaders together, transitioning from theoretical discussions to solving real-world challenges through curated workshops, demos, and tailored content.Immersive storytelling: “The Vault” is a high-impact, 270-degree touch-based environment designed for bespoke client sessions that bring AI solutions to life. It allows leaders to visualize complex data in real-time, see exactly how Google’s technology solves their unique industry challenges, and create tangible business strategies for the agentic era.Where nature meets technology: The environment features a design inspired by classic English gardens, including a three-story digital atrium with living digital lanterns. Guests can also collaborate with Google teams in meeting rooms—or enjoy an expansive roof garden—that offers views of London cityscapes.

“The Model Garden is a strategic investment in the future of our most critical business partnerships,” said Maureen Costello, Vice President, UK, Ireland and Sub-Saharan Africa, Google Cloud. “This is a dedicated, private workspace for our most critical partners to help them build the future of their organisations. By launching at Platform 37, we are providing expert access, technical infrastructure, and other solutions they need to turn AI into a tangible reality for the United Kingdom and across EMEA.”

Exclusivity and availability

The Model Garden at Platform 37 will be accessible via invitation and scheduled engagement only. The center will officially begin hosting executive customer sessions in Q4 2026.

About Google Cloud
Google Cloud offers a powerful, optimized AI stack—including AI infrastructure, leading models like Gemini, data management capabilities, multicloud security solutions, developer tools and platform, as well as agents and applications—that enables organizations to transform their business for the Agentic Era. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

 

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The Human Element of Industry: “All Access hosted by Andy Garcia” Highlights the Riverside Convention Center

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The educational Public Television segment examines how boutique service standards and community-centric management shape the future of professional gatherings.

LOS ANGELES, June 17, 2026 /PRNewswire/ –The standard for professional venues is evolving as regional hubs prioritize sustainable practices and local community integration over traditional business models. “All Access hosted by Andy Garcia” will explore these themes in an upcoming segment featuring the Riverside Convention Center, an institution with a long-standing reputation for service excellence in California. Set to film in the heart of the city, the segment will be broadcast to Public Television stations nationwide.

This informational program focuses on the necessity of managing public assets with a private-sector discipline, illustrating how regional centers adapt to meet the wellness and security needs of a new generation. By showcasing a culture of teamwork and integrity, the program highlights the profound impact that long-tenured staff and local management have on the attendee experience.

“What makes the Riverside Convention Center special is the people behind it. Many of our team members have spent decades serving this community, and that pride shows in every event we host. We have built a culture centered on trust, operational excellence, and genuine hospitality, where guests feel both welcomed and cared for the moment they walk through our doors. As Riverside continues to rise, the Convention Center plays an important role in that momentum. Every event hosted here supports local hotels, restaurants, small businesses, and jobs throughout our community. We understand that this building is more than a venue. It is a public asset, an economic engine, and often one of the first impressions visitors have of our city.

We also believe the future of this industry is about balance: delivering exceptional guest experiences while maintaining strong operational discipline and modern safety standards. We have invested heavily in creating an environment where guests feel secure without losing the warmth and hospitality that define Riverside. At the same time, partnerships like Blue Zones Project Riverside reflect our belief that taking care of our workforce ultimately creates better experiences for everyone who walks through our doors. We are proud of what has been built here, proud of the people who make it happen every day, and proud to help tell Riverside’s story on a larger stage.” – Barbara Rogers, General Manager, Riverside Convention Center

The program provides an informational look at the mechanisms that support high-level economic impact in a city-owned setting. Viewers will be introduced to the concept of the “ripple effect,” a model that demonstrates how visitor spending at convention centers directly benefits local hotels, small businesses, and community jobs. The segment highlights how the Riverside Convention Center has successfully integrated advanced safety protocols and weapons detection systems, serving as an example for how venues can maintain a welcoming atmosphere while strengthening situational awareness.

This narrative addresses common concerns shared by the general public regarding how large-scale venues manage security and operational readiness in a modern world.

The segment also touches on the importance of culinary education and workforce development, showing how a venue can act as a training ground for local talent. Public Television audiences will see how the center’s partnership with Blue Zones Project Riverside encourages sustainable habits for employee well-being, such as stress reduction and social connection.

By examining the solutions implemented at this Southern California landmark, the program demonstrates how to move past modern industry challenges by focusing on core values like attention to detail and hard work. The history of the team, which includes individuals with decades of service, underscores the deep connection between the institution and the residents it employs. This upcoming segment is intended to act as an educational resource for anyone interested in the future of the meetings industry and the vital role of convention centers in shaping a city’s character.

About “All Access hosted by Andy Garcia”: The “All Access hosted by Andy Garcia” program is a premier educational series developed for Public Television stations. Each segment is crafted to provide a deep dive into the stories of progress and innovation across various sectors, from technology to hospitality. The show serves as a platform for sharing knowledge and informing audiences through high-quality documentary storytelling. Learn more about the series at allaccessptv.com.

About Riverside Convention Center: Located in Riverside, California, the Riverside Convention Center is a community-focused venue that combines big-city results with boutique hospitality. Managed by a locally based team, Raincross Hospitality Management Company, the center is a recognized leader in safety, cleanliness, and employee satisfaction. With its commitment to wellness-forward dining and regional economic development, the Riverside Convention Center continues to provide a premier environment for business and community celebrations alike. More information is available at riversidecvb.com/riverside-convention-center/

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