Concord Enviro Systems Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
CEWATER · price
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Concord Enviro Systems (water and wastewater treatment, listed on NSE/BSE since Dec 2024) reported Q1 FY26 (quarter ended June 30, 2025) results. On a standalone basis, revenue from operations fell to Rs. 112.18 million (vs Rs. 216.79 million in Q4 FY25), but profit after tax rose sharply to Rs. 39.52 million from Rs. 18.80 million, with EPS of Rs. 1.90. On a consolidated basis, revenue from operations was Rs. 1,023.92 million and net profit Rs. 41.19 million (after a Rs. 10.19 million loss from discontinued operations of Blue Water Trading & Treatment FZE). The board confirmed there is no deviation in the use of IPO proceeds, with Rs. 849.56 million still unutilized and parked in bank deposits. The board also approved a Scheme of Arrangement to set off negative retained earnings against the Securities Premium Account (no impact on shareholding), infusion of up to Rs. 400 million into wholly owned subsidiary Concord Enviro FZE for a greenfield project, and amendments to the ESOP Plan.
Strong quarter-on-quarter profit growth signals improving margins despite a dip in standalone revenue. The financial restructuring scheme aims to clean up the balance sheet and may enable future dividend payments, while the subsidiary fund infusion supports capacity expansion. Overall, the announcement is positive for shareholders, reflecting operational improvement and disciplined use of IPO funds.