Concord Enviro Systems Limited has informed the Exchange regarding Board meeting held on February 12, 2026.
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Awaiting price reaction for this filing.
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.