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Awaiting price reaction for this filing.
Concord Control Systems has filed its Annual Report for FY 2024-25 along with the notice of its 15th AGM, scheduled for September 30, 2025 via video conferencing. The company reported strong financials: revenue nearly doubled to Rs. 124.46 crore (from Rs. 65.52 crore in FY24), EBITDA rose to Rs. 29.66 crore, and net profit jumped to Rs. 22.65 crore (from Rs. 12.81 crore); EPS reached Rs. 37.13. The company also became debt-free, with a debt-to-equity ratio of 0.00. Key AGM agenda items include a 3:5 bonus issue (37.95 lakh bonus shares), an increase in authorized share capital from Rs. 10 crore to Rs. 15 crore, the appointment of Mr. Sunil Garg as Independent Director, and the continuation of Mr. Govind Prasad Lath (age 75) as Chairman for three years. Concord supplies RDSO-approved coach and railway electrification products to Indian Railways and major EPC contractors.
Robust revenue and profit growth, along with a debt-free balance sheet and a 3:5 bonus issue, are positive for shareholders; however, the bonus issue will expand the share count by 60%, so per-share metrics will adjust downward post-allotment.