Concord Enviro Systems Reports ₹5,354 Crore Order Book, Plans India's First CO₂ Capture Unit

Concord Enviro Systems Limited , a leading player in water and wastewater treatment solutions, has announced a robust order book of ₹5,354 crore, with an additional pipeline worth ₹27,000 crore. The company's latest financial results and strategic initiatives highlight its commitment to growth and innovation in the environmental technology sector.

Financial Performance

Concord Enviro Systems reported the following financial results for the second quarter:

Metric (₹ in crore)	Q2 FY26	Q2 FY25	YoY Change
Revenue from Operations	124.85	161.89	-22.9%
Gross Profit	62.99	78.55	-19.8%
EBITDA	7.66	27.33	-72.0%
Net Profit	4.49	17.30	-74.0%

The company's revenue declined year-over-year, which management attributes to an exceptionally strong Q2 FY25 that included significant billing from a Mexico project. Additionally, a delay in approvals for an African project may defer its execution to FY27.

Strategic Initiatives and Growth Prospects

Concord Enviro Systems is actively expanding its presence in high-margin green sectors:

Carbon Capture: The company plans to commission India's first 7.5TPD CO₂ capture unit in FY26, positioning itself at the forefront of this emerging technology.
Green Hydrogen: Concord is pursuing projects with EPC solution providers to integrate its desalination products into green hydrogen plant systems.
Semiconductor Effluent Solutions: The company is poised to offer solutions for upcoming semiconductor fab units in India, focusing on process optimization and energy reduction.
Compressed Biogas (CBG): Leveraging its expertise in anaerobic digestion, Concord has started offering design and implementation services for CBG plants from organic waste.
Solar PV Manufacturing: The company is developing solutions for the complex wastewater generated in solar cell manufacturing, using technologies like WHE and UHPRO.

R&D and Innovation

Concord Enviro Systems continues to strengthen its technological edge:

Five new patents were granted, bringing the total to nine, with 21 additional applications filed.
Successful completion of pilot field trials for Raw Effluent Membranes (REM), which could substantially reduce wastewater treatment costs.
Development of heat exchangers using non-corrosive plastics for evaporation technology.
Creation of a proprietary chemical mix to reduce silica in wastewater treatment.

Global Expansion

The company is maintaining its focus on international markets:

Africa and North America remain key target regions.
Export revenues have tripled over the past three years, with export contribution nearly doubling to 38.76% in FY25.
The export order book stood at ₹1,820 crore in FY25, with the number of international customers growing from 21 in FY20 to 30 in FY25.

Management Commentary

Prayas Goel, Chairman & Managing Director, and Prerak Goel, Executive Director, commented on the results: "Q2 execution was in line with our order execution plan for the financial year 2026. The fundamentals of the business remain strong, baring a delay in an overseas project which may impact near term performance. Our healthy order book, growing presence across high-potential sectors, and continued investments in R&D and leadership give us confidence in our long-term growth trajectory."

Concord Enviro Systems' strategic focus on innovative environmental solutions and its expanding global footprint position the company to capitalize on the growing demand for sustainable water and wastewater management technologies. Despite short-term challenges, the company's robust order book and pipeline indicate strong potential for future growth.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.13%	-5.33%	-9.04%	-8.18%	-44.45%	-44.45%

Concord Enviro Systems , a leading player in water and wastewater treatment solutions, has reported a significant decline in its financial performance for the second quarter. The company's results, released on November 7, 2025, reveal challenges in project execution and revenue generation.

Financial Highlights

The company's Q2 results show a notable year-on-year decline across key financial metrics:

Metric (INR Million)	Q2 FY26	Q2 FY25	YoY Change
Revenue from Operations	1,248.45	1,618.94	-22.9%
EBITDA	76.57	273.28	-72.0%
EBITDA Margin	6.1%	16.9%	-1080 bps
Net Profit	44.91	173.00	-74.0%

Operational Challenges

The company attributes the decline in performance to several factors:

Project Delays: Concord Enviro is facing delays in approvals for a significant project in Africa, which may defer execution to FY27.
High Base Effect: The previous year's Q2 had exceptionally strong performance, particularly due to substantial billing from a Mexico project.
Fixed Cost Absorption: Lower revenues have led to reduced absorption of fixed costs, impacting margins.

Order Book and Future Outlook

Despite the current challenges, Concord Enviro maintains a robust order book:

Total order book stands at INR 5,354 million as of September 30, 2025.
The company has achieved L1 status for an INR 400 million order in the nuclear sector.
The order pipeline is reported at INR 27,000 million, indicating potential for future growth.

Strategic Initiatives

Concord Enviro is focusing on several strategic areas to drive future growth:

Compressed Biogas (CBG) Projects: The company plans to commence CBG projects in Q3 FY26, with an experienced team in place.
Geographic Focus: Africa and North America remain key target markets for expansion.
Solar PV Integration: The company is close to signing its first Solar PV order for retrofitting an existing Zero Liquid Discharge (ZLD) system.
R&D Advancements: Successful completion of pilot field trials for Raw Effluent Membranes (REM) technology, which could potentially reduce wastewater treatment costs.

Management Commentary

Prerak Goel, Executive Director, and Prayas Goel, Chairman & Managing Director, commented on the results: "Q2 execution was in line with our order execution plan for the financial year 2026. The fundamentals of the business remain strong, baring a delay in an overseas project which may impact near term performance. Our healthy order book, growing presence across high-potential sectors, and continued investments in R&D and leadership give us confidence in our long-term growth trajectory."

While Concord Enviro Systems faces near-term challenges, its strong order book and strategic initiatives suggest potential for recovery and growth in the coming quarters. Investors and market watchers will likely keep a close eye on the company's ability to execute its delayed projects and capitalize on its robust order pipeline.