Investor Presentation for H2 & FY 2026
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Concord Control Systems reported strong FY26 consolidated results with revenue of Rs 210.5 Cr (up 69% YoY), EBITDA of Rs 60.3 Cr (up 103% YoY with margins expanding to 28.7%), and net profit of Rs 42.4 Cr (up 87% YoY). The company secured an order book of Rs ~697 Cr as of March 31, 2026, representing 228% YoY growth and 3.3x FY26 revenue. H2FY26 contributed Rs 128.9 Cr revenue (72.6% YoY growth) and Rs 38.6 Cr EBITDA (149.6% YoY growth). The company is transitioning from hardware manufacturing to a software-led railway intelligence platform with four pillars: Green Sustainable Mobility, Smart Locomotive with Intelligence, Railway Safety (including Kavach 4.0), and AI-driven Diagnostics. Management targets 40-50% revenue CAGR and 22-25% EBITDA margins by FY30, driven by recurring maintenance contracts, IP licensing, and annuity-based subscriptions.
The tripling of order book to Rs 697 Cr provides strong revenue visibility for FY27-28. The strategic shift toward software, IP licensing, and annuity revenue streams positions the company for margin expansion and more predictable earnings, making it attractive for growth-oriented investors in the railway modernization theme.