Concord Enviro Systems Limited has informed the Exchange regarding Board meeting held on February 12, 2026.
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Concord Enviro's board approved unaudited Q3 FY26 (Dec 2025) results. Standalone revenue from operations rose to Rs 133.35M from Rs 115.64M YoY, with 9M revenue at Rs 382.36M (up 9.5% YoY) and 9M PAT jumping over 3x to Rs 45.52M. However, standalone Q3 PAT slipped to a Rs 4.20M loss after a one-time Rs 3.90M charge related to the new Labour Codes. On a consolidated basis, Q3 revenue was Rs 1,245.75M but the company posted a Rs 81.77M net loss, hit by a Rs 51.75M Labour Codes exceptional charge and losses from subsidiaries (Rs 31M) and joint ventures (Rs 8.5M). Consolidated 9M revenue declined ~9% YoY to Rs 3,518.12M. The board also appointed Mr. Anish Goel (ex-Disney Star, Netflix, Sterlite, Godrej) as CFO effective Feb 12, 2026. IPO proceeds of Rs 712.46M remain unutilized (parked in bank deposits), with no deviation reported.
Mixed bag for shareholders: standalone business is scaling profitably, but the consolidated picture is weak – one-time Labour Codes charges and subsidiary/JV losses turned Q3 into a loss-making quarter. Near-term stock sentiment may be cautious, but new CFO appointment and clean audit review provide some confidence. Watch for Q4 recovery and improvement in subsidiary performance.