Statement of Deviation for quarter ended 31/03/2026
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Concord Enviro Systems Limited reported its Q4 and full year FY2026 financial results. Standalone revenue for the year was Rs. 558.71 million (down from Rs. 565.84 million in FY2025), with profit after tax of Rs. 95.91 million. Consolidated revenue was Rs. 5,578.56 million (vs Rs. 5,944.39 million in FY2025), with profit after tax of Rs. 197.57 million. Deloitte Haskins & Sells LLP issued unmodified audit opinions on both standalone and consolidated results. The company also filed its IPO proceeds utilization statement showing Rs. 1,183.34 million deployed out of Rs. 1,750 million raised, with Rs. 437.42 million remaining unutilized (Rs. 298.80 million in bank deposits). The board meeting was held on May 22, 2026.
This is a routine quarterly update with clean audit opinions and no red flags. Revenue declined year-over-year on both standalone and consolidated bases, but profitability improved. The company continues to deploy IPO funds as planned.