Concord Control Systems Limited has reported a robust financial performance for the second quarter, showcasing significant growth across key metrics.

Financial Highlights

The company's financial results demonstrate a strong performance in the second quarter:

Profit Growth

Concord Control Systems reported a net profit of ₹160.00 crore for the quarter, marking a 14.3% increase from ₹140.00 crore in the same period last year. This growth in profitability underscores the company's effective cost management and operational efficiency.

Revenue Expansion

The company's revenue rose to ₹815.40 crore, up 9.2% from ₹747.00 crore in the corresponding quarter of the previous fiscal year. This increase in revenue indicates a growing demand for Concord Control Systems' products and services.

EBITDA and Margin Improvement

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a substantial increase of 35.8%, reaching ₹205.00 crore compared to ₹151.00 crore in the same quarter last year. More notably, the EBITDA margin improved significantly to 25.12% from 20.21%, representing an increase of 491 basis points. This margin expansion suggests enhanced operational efficiency and cost control measures implemented by the company.

Corporate Governance

In addition to the financial results, the company's board meeting held on November 5, 2025, addressed several corporate governance matters:

1. Appointment of M/s. Amit Gupta & Associates as the Secretarial Auditor for FY 2025-26.
2. Appointment of Ms. Avisha Sinha, Chartered Accountant, as the Internal Auditor for FY 2025-26.
3. Adoption of a new Corporate Office in Lucknow, which will also serve as the location for maintaining the company's books of accounts and other relevant papers.

These appointments and the establishment of a new corporate office demonstrate Concord Control Systems' commitment to maintaining strong corporate governance practices and enhancing its operational infrastructure.

The financial results and corporate actions reflect Concord Control Systems' focus on growth, profitability, and corporate governance, positioning the company for continued success in the industrial control systems sector.

Concord Control Systems Limited has made a strategic move into the high-value electronic manufacturing sector by acquiring an 80% stake in Fusion Electronics Private Limited, India's largest flex printed circuit board (PCB) manufacturer. This acquisition marks Concord's entry into a niche, high-value product segment with significant import dependency in India.

Key Highlights of the Acquisition

Strategic Implications

The acquisition aligns with Concord's vision to become a global leader in Electronics Manufacturing Services (EMS) and to build India's most advanced railway ecosystem. By leveraging Fusion's technical expertise and infrastructure, Concord aims to:

1. Enter the flex PCB manufacturing segment, which has limited competition in India.
2. Deepen partnerships with railway industry leaders through integrated electronics offerings.
3. Expand its product portfolio across railway and industrial electronics.

Future Roadmap

Concord has outlined a plan for Fusion Electronics:

• Commercialize the Lucknow facility.
• Double the capacity over the next three years.
• Forward integrate into Surface Mount Technology (SMT), box build, and railway electronics.
• Create a standalone, high-value EMS platform serving strategic sectors.

Transaction Details

The acquisition is being executed through a Share Purchase Agreement (SPA). While the exact financial terms remain confidential, the transaction is expected to be completed within six months. The consideration is in cash, as per the terms of the agreement.

Management Commentary

Mr. Gaurav Lath, Joint Managing Director of Concord Control Systems, stated, "This acquisition is a landmark step towards our vision of becoming a global EMS leader. Fusion's technical expertise, global client portfolio, and advanced infrastructure perfectly align with our ambitions. With this integration, Concord will deliver unmatched quality, faster innovation, and an expanded product portfolio across railway and industrial electronics."

Conclusion

This strategic acquisition positions Concord Control Systems to capitalize on the growing demand for high-value electronic manufacturing in India, particularly in the railway sector. By combining Concord's manufacturing excellence with Fusion's specialized capabilities, the company aims to play a significant role in India's electronic manufacturing landscape and contribute to the country's self-reliance in critical technologies.

Investors and industry observers will be keenly watching how Concord leverages this acquisition to drive growth and innovation in the coming years.