Concord Enviro FY26 Net Profit Falls 61.6% to Rs 197.57 Million

Concord Enviro Systems has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results at a meeting held on May 22, 2026. The company reported a consolidated net profit of Rs. 197.57 million for the full year, compared to Rs. 514.93 million in the previous year. Revenue from operations for the year stood at Rs. 5,856.69 million, a decrease from Rs. 5,991.63 million in FY25.

For the quarter ended March 31, 2026, the company reported a consolidated net profit of Rs. 141.55 million, compared to Rs. 471.31 million in the corresponding quarter of the previous year. Revenue from operations for Q4 FY26 was Rs. 2,106.81 million. The statutory auditors, Deloitte Haskins & Sells LLP, issued an unmodified opinion on the standalone and consolidated financial results.

Financial Highlights

The following table summarizes the key financial metrics for the full year and quarterly performance:

Metric:	Year Ended March 31, 2026	Year Ended March 31, 2025
Consolidated Revenue from Operations	Rs. 5,856.69 million	Rs. 5,991.63 million
Consolidated Net Profit	Rs. 197.57 million	Rs. 514.93 million
Standalone Revenue from Operations	Rs. 703.77 million	Rs. 599.28 million
Standalone Net Profit	Rs. 95.91 million	Rs. 31.32 million
Basic EPS (Consolidated)	Rs. 9.55	Rs. 27.29

Q4 EBITDA Performance

The company's profitability at the operating level also came under significant pressure during the quarter. The following table highlights the Q4 EBITDA metrics on a year-on-year basis:

Metric:	Q4 FY26	Q4 FY25	Change (YoY)
EBITDA	Rs. 185 million	Rs. 589 million	Decline
EBITDA Margin	8.98%	28.46%	Contraction

The sharp contraction in EBITDA and EBITDA margin reflects the broader pressure on operating profitability during the quarter, consistent with the decline observed in net profit figures.

Exceptional Items and IPO Proceeds

The company noted that the results include an exceptional item regarding the impact of Labour Codes. A provision of Rs. 51.75 million recognized in the quarter ended December 31, 2025, was reversed during the current quarter following a restructuring of the salary framework. Additionally, the Board authorized specific directors and key managerial personnel to determine the materiality of events for disclosure purposes.

Concord Enviro Systems also provided an update on the utilization of Initial Public Offer (IPO) proceeds. Out of the total net proceeds of Rs. 1,750.00 million, Rs. 1,183.34 million had been utilized as of March 31, 2026. The remaining unutilized amount of Rs. 437.42 million is temporarily invested in bank deposits. The funds were primarily utilized for investments in subsidiaries, funding working capital, and general corporate purposes.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-6.22%	-14.92%	-34.24%	-55.65%	-66.98%

Concord Enviro Systems Limited conducted a meeting of equity shareholders on April 28, 2026, through video conferencing pursuant to directions from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench. The meeting was held to consider and approve the Scheme of Arrangement between the company and its shareholders under the Companies Act, 2013.

Meeting Details and Compliance

The shareholders meeting was conducted in full compliance with regulatory requirements and commenced at 10:30 A.M. (IST) after achieving the requisite quorum. The proceedings adhered to the Companies Act, 2013, SEBI Listing Regulations, and applicable circulars issued by the Ministry of Corporate Affairs for virtual meetings.

Meeting Parameter:	Details
Date:	April 28, 2026
Time:	10:30 A.M. (IST)
Mode:	Video Conference/Audio Visual Means
NCLT Order Date:	March 11, 2026
Chairperson:	Mr. V. Nallasenapathy, Former NCLT Member
Scrutinizer:	Mr. Martinho Ferrao

E-Voting Arrangements

The company engaged National Securities Depository Limited (NSDL) to facilitate comprehensive e-voting arrangements for shareholders. Remote e-voting was made available through the NSDL platform, ensuring broad participation in the decision-making process.

E-Voting Timeline:	Period
Remote E-Voting Start:	April 25, 2026 at 9:00 A.M. (IST)
Remote E-Voting End:	April 27, 2026 at 5:00 P.M. (IST)
Meeting E-Voting:	Available during the meeting
E-Voting Closure:	15 minutes post meeting conclusion

Scheme of Arrangement Discussion

Mr. Anish Goel, Chief Financial Officer, provided a detailed briefing on the salient features of the proposed Scheme of Arrangement. He explained the rationale behind the scheme and outlined the strategic benefits expected from its implementation. The presentation was followed by a discussion and question-and-answer session with shareholders.

The meeting facilitated active shareholder engagement, with one registered speaker shareholder participating in the proceedings. The query raised regarding the Scheme was satisfactorily addressed by the CFO, ensuring clarity on the proposed arrangement.

Meeting Conclusion

Ms. Jyoti Chawda, Company Secretary and Compliance Officer, managed the meeting proceedings and ensured smooth conduct throughout the session. The meeting was recorded as per regulatory requirements, with participants kept on mute by default to maintain order.

Mr. V. Nallasenapathy thanked all members and stakeholders for their participation and support before declaring the meeting closed at 11:00 A.M. (IST). The closure occurred 15 minutes after the e-voting facility ended, providing adequate time for all shareholders to exercise their voting rights on the Scheme of Arrangement.