Concord Enviro Systems Reports Q3FY26 Net Loss, Appoints New CFO
Concord Enviro Systems announced Q3FY26 results showing a net loss of ₹4.20 crores compared to ₹3.77 crores profit in Q3FY25, primarily due to exceptional items worth ₹3.90 crores related to new Labour Codes. However, nine-month performance remained strong with net profit of ₹45.52 crores versus ₹12.52 crores in the previous year. The company also appointed experienced finance professional Anish Goel as Chief Financial Officer effective February 12, 2026.
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Concord Enviro Systems Limited has announced its Q3 & 9M FY26 financial results for the quarter and nine months ended December 31, 2025, alongside the appointment of Mr. Anish Goel as Chief Financial Officer. The company reported a net loss of ₹4.20 crores in Q3FY26 compared to a profit of ₹3.77 crores in the corresponding quarter of the previous year.
Q3 & Nine Months FY26 Financial Performance
The company's standalone financial results show mixed performance across different periods. While Q3FY26 witnessed challenges, the nine-month performance remained positive with significant growth in profitability.
| Financial Metric: | Q3 FY26 | Q3 FY25 | Nine Months FY26 | Nine Months FY25 |
|---|---|---|---|---|
| Revenue from Operations: | ₹133.35 crores | ₹115.64 crores | ₹382.36 crores | ₹349.05 crores |
| Total Income: | ₹151.61 crores | ₹119.83 crores | ₹487.82 crores | ₹358.33 crores |
| Net Profit/(Loss): | (₹4.20 crores) | ₹3.77 crores | ₹45.52 crores | ₹12.52 crores |
| Earnings Per Share: | (₹0.20) | ₹0.18 | ₹2.20 | ₹0.60 |
Exceptional Items and Tax Impact
The Q3FY26 results were significantly impacted by exceptional items totaling ₹3.90 crores related to the implementation of new Labour Codes. The Government of India notified four Labour Codes on November 21, 2025, consolidating 29 existing labour laws, which resulted in incremental gratuity liability and increased leave liability for the company.
| Tax Components: | Q3 FY26 | Amount |
|---|---|---|
| Current Tax: | ₹3.05 crores | |
| Deferred Tax Credit: | (₹3.78 crores) | |
| Earlier Years Tax: | ₹4.82 crores | |
| Total Tax Expense: | ₹4.09 crores |
Leadership Appointment
Concord Enviro Systems has appointed Mr. Anish Goel as Chief Financial Officer effective February 12, 2026. Mr. Goel brings over 20 years of experience across diverse industries including Media & Entertainment, FMCG, Manufacturing, Telecom, and Agri-products. He has previously worked with reputed organizations such as Disney Star India, Netflix India, Sterlite Technologies, Godrej Consumer Products, Tata Steel, and Olam International.
| Appointment Details: | Information |
|---|---|
| Name: | Mr. Anish Goel |
| Position: | Chief Financial Officer |
| Effective Date: | February 12, 2026 |
| Previous Role: | Group CFO (since June 2, 2025) |
| Experience: | 20+ years |
IPO Proceeds Utilization
The company provided an update on the utilization of IPO proceeds raised in December 2024. Out of the total net proceeds of ₹1,620.76 crores, ₹908.30 crores have been utilized, with ₹712.46 crores remaining unutilized and temporarily invested in bank deposits.
| IPO Utilization Status: | Allocated | Utilized | Remaining |
|---|---|---|---|
| CEF Debt Repayment: | ₹500.00 crores | ₹500.00 crores | Nil |
| CEF Working Capital: | ₹200.00 crores | ₹161.30 crores | ₹38.70 crores |
| General Corporate Purposes: | ₹198.64 crores | ₹198.45 crores | ₹0.19 crores |
| Technology & Growth Initiatives: | ₹235.00 crores | ₹48.55 crores | ₹186.45 crores |
The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 12, 2026, with statutory auditors Deloitte Haskins & Sells LLP conducting a limited review of the quarterly results.
Historical Stock Returns for Concord Enviro Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.73% | -17.95% | -17.03% | -37.43% | -26.05% | -58.90% |
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