FINANCIAL RESULT
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Concord Control Systems (BSE SME: 543619) reported audited FY25 results with standalone revenue from operations of Rs 7,391.99 lakhs (up ~13% from Rs 6,551.70 lakhs in FY24) and standalone profit after tax of Rs 1,507.08 lakhs (up ~16% YoY), translating to basic EPS of Rs 24.70. On a consolidated basis, revenue jumped to Rs 12,446.10 lakhs and PAT rose to Rs 2,265.49 lakhs, with the company flagging that FY24 figures did not include subsidiary Advanced Rail Controls and are therefore not strictly comparable. The Board approved the amalgamation of its wholly-owned subsidiary Advanced Rail Controls Pvt Ltd into Concord (no new shares to be issued) and a preferential equity issue of up to Rs 3.5 crore to a non-promoter to fund acquisition of the remaining 10% stake in ARC. Statutory auditor Seth & Associates issued an unmodified (clean) opinion on both standalone and consolidated results.
Healthy double-digit profit growth, clean audit opinion, and a strengthening balance sheet (Reserves & Surplus rose sharply to ~Rs 10,519 lakhs standalone). The amalgamation and preferential issue are housekeeping steps to make ARC fully owned and are unlikely to materially dilute existing shareholders since no shares are issued for the merger itself.