From profits to huge losses and withdrawals: IPO financials raise questions

Among IPOs hitting the stock market, CMR Green Technologies' financial track record over the past three fiscal years has been highly volatile. The company reported a profit of ₹104 crore in FY23, a massive loss of ₹838 crore in FY24, and a profit of ₹155 crore in FY25.Despite the return to profit, the company posted a net loss of ₹579 crore over the three-year period. Market analysts say such sharp fluctuations raise concerns about the stability, predictability, and sustainability of future cash flows – key considerations for IPO investors looking to protect their investments.