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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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Chef Robotics Physical AI Models Can Now Automate Baked Goods Packing

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SAN FRANCISCO, April 29, 2026 /PRNewswire/ — Chef Robotics, a leader in physical AI for the food industry, today announced that Chef robots can now automate tray assembly for baked goods packing. The application places baked products, such as burger buns, chocolate chip cookies, biscotti, butter cookies, biscuits, fortune cookies, granola bars, rusks, and shortbreads into trays and packaging containers before sealing.

Watch Chef robots in action.

Baked goods packing has historically been difficult to automate for high-mix production. Each item behaves differently on the production line—a granola bar compresses under the wrong grip, while a biscotti or rusk can crack if placed at the wrong angle. Surface textures range from glazed and smooth to crumbly and irregular, and strict presentation requirements leave little room for error. This variability has made it challenging for automation systems to reliably handle baked goods at production speeds, leaving food manufacturers dependent on manual labor and traditional bakery equipment.

To address this, Chef built its baked goods packing application on its existing piece-picking capability, which uses Chef’s AI-powered computer vision and physical AI models trained across diverse real-world production environments. This allows Chef robots to assess each item’s position, shape, and orientation in real time and determine how to pick the items from the pan and place them quickly and precisely without damaging them.

The baked goods packing application supports four distinct placement capabilities.

First, Chef’s vision system detects the angle at which each item sits in the pan and reorients it after picking, placing it on the tray at the exact angle required, regardless of its original position, enabling retail-ready presentation for SKUs that require precise angular placement.

Second, Chef robots can place multiple baked goods into the same packaging container in a single automated pass, completing full tray assembly without manual intervention.

Third, for packaging containers with multiple small compartments, Chef robots can precisely place items into each designated section, including multiple items in the same compartment, using Chef’s AI vision model to detect compartment positions and orientations in real time.

Fourth, Chef’s vision system identifies the exact center of each tray and places every item at a predefined offset from that center, ensuring a uniform, consistent arrangement across every pack regardless of how trays arrive on the conveyor.

For food manufacturers evaluating bakery systems and baked goods packaging automation, the application offers higher throughput, reduced labor dependency, and consistent presentation across shifts. The capability runs on Chef’s existing robotic hardware and software, allowing manufacturers to deploy it without requiring any changes to their production lines.

Chef’s baked goods packing application is available in the U.S., Canada, Germany, and the UK and is included as part of Chef’s robotics-as-a-service (RaaS) pricing model.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 104 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines. Visit https://chefrobotics.ai to learn more.

View original content:https://www.prnewswire.com/news-releases/chef-robotics-physical-ai-models-can-now-automate-baked-goods-packing-302756923.html

SOURCE Chef Robotics

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Chef Robotics Physical AI Models Can Now Automate Baked Goods Packing

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SAN FRANCISCO, April 29, 2026 /PRNewswire/ — Chef Robotics, a leader in physical AI for the food industry, today announced that Chef robots can now automate tray assembly for baked goods packing. The application places baked products, such as burger buns, chocolate chip cookies, biscotti, butter cookies, biscuits, fortune cookies, granola bars, rusks, and shortbreads into trays and packaging containers before sealing.

Watch Chef robots in action.

Baked goods packing has historically been difficult to automate for high-mix production. Each item behaves differently on the production line—a granola bar compresses under the wrong grip, while a biscotti or rusk can crack if placed at the wrong angle. Surface textures range from glazed and smooth to crumbly and irregular, and strict presentation requirements leave little room for error. This variability has made it challenging for automation systems to reliably handle baked goods at production speeds, leaving food manufacturers dependent on manual labor and traditional bakery equipment.

To address this, Chef built its baked goods packing application on its existing piece-picking capability, which uses Chef’s AI-powered computer vision and physical AI models trained across diverse real-world production environments. This allows Chef robots to assess each item’s position, shape, and orientation in real time and determine how to pick the items from the pan and place them quickly and precisely without damaging them.

The baked goods packing application supports four distinct placement capabilities.

First, Chef’s vision system detects the angle at which each item sits in the pan and reorients it after picking, placing it on the tray at the exact angle required, regardless of its original position, enabling retail-ready presentation for SKUs that require precise angular placement.

Second, Chef robots can place multiple baked goods into the same packaging container in a single automated pass, completing full tray assembly without manual intervention.

Third, for packaging containers with multiple small compartments, Chef robots can precisely place items into each designated section, including multiple items in the same compartment, using Chef’s AI vision model to detect compartment positions and orientations in real time.

Fourth, Chef’s vision system identifies the exact center of each tray and places every item at a predefined offset from that center, ensuring a uniform, consistent arrangement across every pack regardless of how trays arrive on the conveyor.

For food manufacturers evaluating bakery systems and baked goods packaging automation, the application offers higher throughput, reduced labor dependency, and consistent presentation across shifts. The capability runs on Chef’s existing robotic hardware and software, allowing manufacturers to deploy it without requiring any changes to their production lines.

Chef’s baked goods packing application is available in the U.S., Canada, Germany, and the UK and is included as part of Chef’s robotics-as-a-service (RaaS) pricing model.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 104 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines. Visit https://chefrobotics.ai to learn more.

View original content:https://www.prnewswire.com/news-releases/chef-robotics-physical-ai-models-can-now-automate-baked-goods-packing-302756923.html

SOURCE Chef Robotics

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Air Products to Expand Industrial Gas Supply for Samsung Electronics’ Next-Generation Semiconductor Fab in South Korea

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New investment underscores the company’s long-term commitment to Korea and its leading role in the global semiconductor industry 

LEHIGH VALLEY, Pa., April 29, 2026 /PRNewswire/ — Air Products (NYSE:APD), a world-leading industrial gases company and serving Samsung globally, today announced it has been selected by Samsung to supply industrial gases for its new advanced semiconductor fab in Pyeongtaek, Gyeonggi Province, South Korea.

Under the agreement, Air Products will build, own and operate multiple state-of-the-art production facilities and a bulk specialty gas supply system to supply nitrogen, oxygen, argon, and hydrogen for Samsung’s new semiconductor fab. The new facilities are expected to come onstream in multiple phases from 2028 through 2030.

Air Products has a long track record of executing multiple phase expansions in Pyeongtaek to support Samsung’s growing manufacturing needs. This latest project represents Air Products’ largest investment to date in the semiconductor industry and will establish Pyeongtaek as the company’s single largest operations site globally supporting the electronics industry. 

“Air Products is honored to be selected once again by Samsung and to have their continued confidence as a trusted partner supporting their strategic growth plans,” said SR Kim, President, Air Products Korea. “This significant investment reinforces Air Products’ role as a leading global supplier to the semiconductor industry and underscores our long-standing commitment to supporting our strategic customers with safety, reliability, efficiency and excellent service.”

Air Products has served the global electronics industry for more than 40 years, supplying industrial gases safely and reliably to many of the world’s leading technology companies. The company has operated in Korea for more than 50 years and has established a strong position in electronics and manufacturing sectors.

About Air Products

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world’s largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedInXFacebook or Instagram.

This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

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SOURCE Air Products

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