Concord Enviro Systems Limited has informed the Exchange about General Updates - Directors And KMP Of The Company Authorised For The Purpose Of Determining The Materiality As Per Company'S Amended Policy For Determination Of Materiality Of Events Or Information
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Concord Enviro Systems Limited reported strong standalone performance for FY2026 with profit after tax of ₹95.91 million, nearly 3x compared to ₹31.32 million in FY2025. Standalone revenue from operations was ₹558.71 million. On consolidated basis, the company reported net profit of ₹197.57 million from continuing operations (down from ₹514.93 million in FY2025) on revenue of ₹5,578.56 million (vs ₹5,944.39 million). The company listed on NSE/BSE in December 2024 via IPO raising ₹1,750 million, of which ₹1,183.34 million has been utilized with ₹437.42 million remaining unutilized. Deloitte Haskins & Sells LLP issued unmodified audit opinions on both standalone and consolidated results. The board also authorized three KMPs (Prayas Goel-MD, Prerak Goel-Executive Director, Anish Goel-CFO) for determining materiality of events under SEBI regulations.
Standalone profit nearly tripled year-over-year, indicating strong operational performance at the holding company level. However, consolidated profit declined significantly due to exceptional labour code impact and lower group revenue. The unutilized IPO proceeds of ₹437 million provide flexibility for future capex and growth initiatives.