Concord Enviro Q2 FY26: revenue down 23% YoY, FY26 guidance cut
CEWATER · price
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On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.1 pts less than its Waste Management peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 FY26 revenue INR 124.85 crore (down 23% YoY, up 22% QoQ), EBITDA INR 7.7 crore, PAT INR 4.5 crore. H1 revenue INR 227.2 crore, PAT INR 8.6 crore. FY26 revenue growth guidance cut from 18-20% to 12-15% and EBITDA margin target trimmed by 1% (to 15-16%) due to Africa project approval delay. Order book INR 535.4 crore plus INR 2,700 crore in advanced pipeline. L1 in 40 crore nuclear desalination order. Long-term 20% growth target maintained.
Short-term earnings hit from project delays, but order book and long-term growth targets remain intact.