The call ran from 9:31 AM to 10:33 AM IST (1 h 2 min).
Key takeaways
Revenue grew 7.7% YoY despite Middle East supply chain disruptions. Management maintains a bullish 15-20% FY27 growth target backed by a record ₹716 crore order book.
| Management target | Revenue 20.0% FY27 |
|---|
| Revenue growth | ₹134.45 Cr, up 7.7% YoY; supply chain issues slowed H1. |
|---|---|
| Margins | Structurally stable gross margins; EBITDA pressured by temporary fixed costs. |
| Order book | Record ₹716.4 Cr, up 34% YoY; ₹3,000 Cr active pipeline. |
| Demand visibility | Strong domestic tailwinds in steel, solar, and pharma sectors. |
| Management confidence | Confident but cautious, pivoting from launching initiatives to aggressive execution. |
Growth
Revenue reached ₹134.45 Cr, led by 68% domestic contribution. EBITDA margins dipped to 5.8% due to forex losses and front-loaded fixed costs for capacity building.
Outlook
Guided 15-20% revenue growth for FY27; targets double-digit EBITDA margins by Q4 FY27.
Risks
Geopolitical volatility in GCC impacting logistics; inventory buildup causing working capital stress; persistent low single-digit PAT margins.
Last quarter's promises, checked
Delivered
- Order book ~₹699 Cr → ₹716.4 Cr (= BEAT)
Partly delivered
- Guided 80–85% conversion of ₹699 Cr book to FY27 growth → Q revenue +7.7% YoY, FY outcome unverified (= PARTIAL)
Missed
- Guided 14–16% EBITDA margin (temporary dip) → 5.8% (= MISS)
- Guided execution normal by end-Q2 FY27 → Middle East supply disruption still cited for H1 (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Concord Enviro Systems Q2 FY27 Results: Net Loss of ₹4.1 Cr
Concord Enviro Systems Ltd reported revenue from operations of ₹134.5 Cr (+7.8% YoY) and a net loss of ₹4.1 Cr for Q2 FY27.
- Key figure
- Net loss ₹4.1 Cr
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting INR1,000Cr order intake for FY27. Guided 15-20% growth over next two years with 12-16% margins.
Growth they described
Revenue impacted by INR50-55Cr loss in execution. Order book grew to INR699Cr.
Call details
| Company | Concord Enviro Systems Ltd |
|---|---|
| NSE symbol | CEWATER |
| ISIN | INE037Z01029 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 4 November 2026 |
| Time | 9:30 AM IST |
| Length | 1 h 2 min |
| Audio | Our stream on YouTube ↗ |
Concord Enviro Systems Ltd: key numbers
- Share price
- ₹226.25
- Market cap
- ₹468.2 Cr
- Revenue (annual)
- ₹557.9 Cr
- Net profit (annual)
- ₹19.76 Cr
- P/E (TTM)
- -29.8×Sector 21.3×
- Promoter holding
- 51.43%+0.00% QoQ
- FII holding
- 0.56%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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