Concord Enviro Systems Limited — Investor Meet, 14-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Concord Enviro Systems reported Q2 FY26 revenue of INR 124.8 Cr (down 23% YoY) and PAT of INR 4.5 Cr, mainly due to a high base last year and an Africa project delay. H1 FY26 revenue was INR 227.2 Cr. The FY26 revenue growth guidance is revised to 12-15%, with EBITDA around 15-16%. The order book is INR 535.4 Cr, with INR 2,700 Cr in advanced discussions. CBG projects start in Q3 FY26. Management remains confident in long-term 20% growth, driven by R&D, new products like REM, and strong market tailwinds.