Concord Enviro Systems Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Concord Enviro Systems reported standalone FY2026 revenue of Rs.558.71 million with PAT of Rs.95.91 million, up 206% from Rs.31.32 million in FY2025. On consolidated basis, FY2026 revenue stood at Rs.5,578.56 million with net profit of Rs.197.57 million, down from Rs.514.93 million in FY2025 due to Rs.51.75 million labour code impact and Rs.30.41 million loss from discontinued operations. For Q4 standalone, revenue was Rs.176.35 million and PAT Rs.42.55 million. The company also filed IPO proceeds utilization statement showing Rs.1,183.34 million deployed out of Rs.1,750 million raised, with Rs.437.42 million still unutilized (Rs.298.80 million in bank deposits). Deloitte Haskins & Sells issued unmodified audit opinions on both standalone and consolidated results.
Standalone profitability has more than tripled showing strong underlying performance, though consolidated results reflect lower profits due to subsidiary losses and one-time labour code adjustments. The Rs.437 million unutilized IPO funds provide capital for future deployment.