Financial results for the year ended 31st March 2026
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Concord Enviro Systems reported audited standalone PAT of Rs. 95.91 million, a 206% jump from Rs. 31.32 million in FY25, driven by higher other income (Rs. 145.06 million vs Rs. 33.44 million). Standalone revenue from operations declined marginally to Rs. 558.71 million from Rs. 565.84 million. Consolidated revenue from operations fell 6% to Rs. 5,578.56 million from Rs. 5,944.39 million, with consolidated net profit after tax from continuing operations dropping to Rs. 227.98 million from Rs. 581.93 million. The company completed its IPO in December 2024, raising Rs. 1,750 million net of expenses. As of March 2026, Rs. 437.42 million of IPO proceeds remained unutilized. Deloitte Haskins & Sells issued an unmodified opinion on both standalone and consolidated results. An exceptional item of Rs. 51.75 million (consolidated) was recognized due to labour code impact, later partially reversed in Q4 following salary restructuring. Cash flow from operations was negative at Rs. 191.06 million (standalone) and Rs. 231.55 million (consolidated).
Standalone profitability surged over 200% on higher other income, though consolidated revenue and profit declined year-on-year. Negative operating cash flows and lower consolidated performance may concern investors despite strong standalone growth and clean audit opinion.