Concord Enviro Systems LimitedInfrastructure & ConstructionCEWATER
Q1 FY27 earnings callConcord Enviro Systems Limited
Q1 FY27 revenue was impacted by supply chain disruptions, but the company reports a strong order book and multiple strategic growth levers.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Revenue from Operations | INR853 million | — | |
| EBITDA | negative INR149 million | — | |
| Net Loss | INR176 million | — | |
| Order Book | INR699 crores | — |
Financials
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹122.82 Cr— YoY-24.1% QoQ | ₹-8.56 Cr— YoYTurned loss-making QoQ | ₹-4.14— YoYTurned negative QoQ |
| Q2 FY25 | ₹161.89 Cr— YoY— QoQ | ₹17.30 Cr— YoY— QoQ | ₹9.51— YoY— QoQ |
TL;DR
- Revenue declined to INR853 million from INR1,024 million in Q1 FY26 due to supply chain disruptions.
- Order book increased to INR699 crores, providing strong visibility.
- The company is seeing traction in new products (H-Xtreme) and new markets (Europe, steel, solar).
- Partnership with WaHa secured for atmospheric water generation and dehumidification in India and UAE.
- Management expects execution to normalize by the end of Q2 and targets INR1,000 crores order intake for FY27.
Said on the call
“The first quarter of FY27 was characterized by a combination of near-term operational challenges and encouraging strategic progress across several areas of our business.”
From the Q&A
| Topic | What management said |
|---|---|
| Revenue Impact from Disruptions | Management quantified the revenue loss at about INR50-55 crores for the quarter, split between trading (~INR15 crores) and manufacturing (~INR42-43 crores). |
| Growth Outlook | Management expects growth to resume, subject to supply chain stability, and targets ~80-85% conversion of the current INR699 crore order book for the year. |
| Europe ZLD Order | The first ZLD order from Europe is worth ~EUR600,000, with delivery expected in Q3 and margins expected to be better than domestic. |
| FY27 Order Intake & Margin Guidance | Order intake target is ~INR1,000 crores for FY27. EBITDA margins are seen stabilizing at 14-16% after crossing ~INR850 crores revenue, with 15-20% growth expected over the next two years. |
| WaHa Partnership Stake | The company invested USD575,000 for a less than 2% stake in WaHa, securing exclusive rights for India and UAE. |
| Competitive Positioning | Management stated the company was just below Ion Exchange in the ZLD segment in a survey a couple of years back. |
Guidance
- Execution expected to normalize by end of Q2 FY27.
- Order intake target of ~INR1,000 crores for FY27.
- Growth expected in the 15-20% range over the next two years.
- EBITDA margins targeted between 12-16% over the next two to three years.
Source
Summary written from the transcript filed by Concord Enviro Systems Limited for the call held on 12 Aug 2026; published 22 Aug 2026, 10:20 IST.