Concord Enviro Systems Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Revenue declinedNegative operating cash flowExceptional itemEBITDA margin compressionResults View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-0.3% vs market

Waste Management peers, median of 5sector+1.1%+0.1% vs sector

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AI summary

Concord Enviro Systems reported mixed FY26 results. On a standalone basis, PAT nearly tripled to Rs 95.91 million from Rs 31.32 million in FY25. However, on a consolidated basis, revenue declined 6% to Rs 5,578.56 million and PAT fell sharply to Rs 197.57 million from Rs 514.93 million in the prior year, a 62% drop. The company also reported negative consolidated operating cash flow of Rs 231.55 million during FY26 compared to positive Rs 47.48 million in FY25. The statutory auditor Deloitte Haskins & Sells issued an unmodified opinion. An exceptional item of Rs 51.75 million was recognized due to labour code changes. The IPO in December 2024 raised Rs 1,750 million, with Rs 437.42 million still unutilized as of March 2026.

Likely market impact

The stock may face pressure due to significant consolidated profit decline and negative operating cash flow despite a strong standalone performance. The divergence between standalone and consolidated results warrants closer examination of subsidiary performance.

By the numbersConsolidated · Q4 FY26 vs Q4 FY25

	Q4 FY26	Q4 FY25	Change
Revenue	₹206.0 Cr	₹207.0 Cr	−0.5%
Operating profit	₹7.89 Cr	₹49.97 Cr	−84.2%
Profit after tax	₹14.16 Cr	₹47.13 Cr	−70.0%
EBITDA margin	11.5%	28.5%	−17.0 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.