Integrated Filing — IndAS



General information about company

Scrip Code 544315
NSE Symbol CEWATER
MSEI Symbol NOTLISTED
ISIN INE037Z01029
Name of company CONCORD ENVIRO SYSTEMS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 07-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 03-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Water Treatment Products and Technologies
Start date and time of board meeting 07-11-2025   17:00:00
End date and time of board meeting 07-11-2025   17:51:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 12,484.50 22,723.70
Other income 590.80 2,096.40
Total income 13,075.30 24,820.10
2 Expenses
(a) Cost of materials consumed 6,141.00 10,406.10
(b) Purchases of stock-in-trade 1,199.40 2,228.90
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,155.20) (1,194.10)
(d) Employee benefit expense 2,560.60 4,966.20
(e) Finance costs 484.80 936.00
(f) Depreciation, depletion and amortisation expense 370.80 725.40
(f) Other Expenses
1 Cost of Services 1,307.90 2,471.60
2 Other Expenses 1,665.10 3,168.10
Total other expenses 2,973.00 5,639.70
Total expenses 12,574.40 23,708.20
3 Total profit before exceptional items and tax 500.90 1,111.90
4 Exceptional items 0.00 0.00
5 Total profit before tax 500.90 1,111.90
6 Tax expense
7 Current tax 78.40 78.40
8 Deferred tax (124.90) (57.80)
9 Total tax expenses (46.50) 20.60
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 547.40 1,091.30
12 Profit (loss) from discontinued operations before tax (81.90) (183.80)
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax (81.90) (183.80)
15 Share of profit (loss) of associates and joint ventures accounted for using equity method (16.40) (46.50)
16 Total profit (loss) for period 449.10 861.00
17 Other comprehensive income net of taxes 692.10 768.60
18 Total Comprehensive Income for the period 1,141.20 1,629.60
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 449.10 861.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 692.10 768.60
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 1,034.80 1,034.80
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.57 5.05
Diluted earnings (loss) per share from continuing operations 2.57 5.05
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations -0.4 -0.89
Diluted earnings (loss) per share from discontinued operations -0.4 -0.89
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.17 4.16
Diluted earnings (loss) per share from continuing and discontinued operations 2.17 4.16
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1 The above Unaudited Consolidated financial results the Results of Concord Enviro Systems Limited the Holding Company the Company and its subsidiaries Holding company and subsidiaries together referred to as the Group and its joint ventures for the quarter and half year ended September 30 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 07 2025 The Statutory Auditors of the Company have carried out Limited Review of the aforesaid results 2 The Consolidated financial results of the Group and its joint ventures have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards Ind AS as prescribed under section 133 of the Companies Act 2013 as amended read with relevant rules thereunder and other accounting principles generally accepted in India and in terms of Regulation 33 of the Securities and Exchange Board of India Listing Obligation and Disclosure Requirements Regulations 2015 as amended the LODR Regulations 3 On September 29 2025 the Company through its wholly owned subsidiary Rochem Separation Systems India Private Limited acquired 100 percent of the equity share capital of Pathak Utility Private Limited the Acquired Entity The Acquired Entity is primarily engaged in the business of Water and Wastewater Management This acquisition is in line with the Company strategic objective of strengthening and expanding the presence in the water treatment sector especially the third party OandM business of the group



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 7,662.00
Capital work-in-progress 264.30
Investment property 0.00
Goodwill 99.00
Other intangible assets 3,288.70
Intangible assets under development 82.50
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 6,451.80
Non-current financial assets
Non-current investments 539.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 290.60
Total non-current financial assets 829.60
Deferred tax assets (net) 975.20
Other non-current assets 514.40
Total non-current assets 20,167.50
2 Current assets
Inventories 20,132.90
Current financial asset
Current investments 0.00
Trade receivables, current 17,931.20
Cash and cash equivalents 3,573.70
Bank balance other than cash and cash equivalents 6,206.60
Loans, current 23.30
Other current financial assets 1,201.00
Total current financial assets 28,935.80
Current tax assets (net) 0.00
Other current assets 21,383.70
Total current assets 70,452.40
3 Non-current assets classified as held for sale 934.60
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 91,554.50
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,034.80
Other equity 53,944.30
Total equity attributable to owners of parent 54,979.10
Non controlling interest 0.00
Total equity 54,979.10
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 618.50
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 379.20
Total non-current financial liabilities 997.70
Provisions, non-current 1,221.20
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities 107.20
Total non-current liabilities 2,326.10
Current liabilities
Current financial liabilities
Borrowings, current 15,697.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,482.30
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 13,087.60
Total Trade payable 14,569.90
Other current financial liabilities 269.40
Total current financial liabilities 30,536.30
Other current liabilities 1,785.40
Provisions, current 381.40
Current tax liabilities (Net) 446.30
Deferred government grants, Current 0.00
Total current liabilities 33,149.40
3 Liabilities directly associated with assets in disposal group classified as held for sale 1,099.90
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 36,575.40
Total equity and liabilites 91,554.50
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block

Textual Information(1) 4 During the quarter ended June 2025 a reimbursement of Rs 45 million from AF Holdings representing their proportionate share of expenses incurred for the filing of the Draft Red Herring Prospectus in FY 2022 23 has been recognized as income under the head Other Income The total filing expenses had been written off in FY 2022 23 5 During the quarter ended December 2024 the Company had completed its Initial Public Offer IPO of 7137321 equity shares of face value of Rs 5 each at an issue price of Rs 701 per share including a share premium of Rs 696 per share The issue comprised of a fresh issue of 2496433 equity shares aggregating to Rs 1750 00 million and offer for sale of 4640888 equity shares by selling shareholders aggregating to Rs 3253 26 million totalling to Rs 5003 26 million Pursuant to the IPO the equity shares of the Company were listed on National Stock Exchange of India Limited NSE and BSE Limited BSE on December 27 2024 The Companys share of total offer expenses are Rs 129 24 million The details of IPO proceeds of Rs 1750 00 million net of provisional IPO expenses of Rs 129 24 million which were utilized as at September 30 2025 are summarized below Particulars Amount to be utilised Utilised amount upto Unutilised amount upto as per prospectus September 30 2025 March 31 2025 Objects as given in Prospectus 1620 76 796 18 824 58 The IPO proceeds of Rs 824 58 million which were unutilized as at September 30 2025 are temporarily invested in Bank Deposit with scheduled commercial bank. 6 The Management made a resolution on February 13 2024 to discontinue the operations of M s Blue water Trading and Treatment FZE and to initiate the liquidation process voluntarily. Blue water Trading and Treatment FZE is a step down subsidiary of the Holding Company As a result the going concern assumption is no longer valid for the said Entity At March 31 2025 the entity was classified as a disposal entity and as a discontinued operation The results of the Entity for the period year are presented on the following Particulars Quarter Ended Half year ended Year Ended September 30 2025 June 30 2025 September 30 2024 September 30 2025 September 30 2024 March 31 2025 e Loss after tax for the period year from discontinued operations c d -8 19 -10 19 -16 31 -18 38 -34 33 -67 00 7 Certain amounts for the prior period year were reclassified to conform to current periods presentation However such reclassifications do not have any impact on the Groups previously reported financial result or equity 8 The company is primarily engaged in the business of providing water and wastewater treatment and reuse solutions including zero liquid discharge ZLD technology The Chief Operating Decision Makers CODM monitor and review the operating results of the Group as a whole Therefore there are no other reportable segments for the company as per requirements of Ind AS 108 Operating Segment



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of defined benefit plans (49.10) (57.50)
Total Amount of items that will not be reclassified to profit and loss (49.10) (57.50)
2 Income tax relating to items that will not be reclassified to profit or loss (12.30) (14.50)
3 Amount of items that will be reclassified to profit and loss
1 Foreign exchange differences on translation of foreign operations 736.10 819.80
Total Amount of items that will be reclassified to profit and loss 736.10 819.80
4 Income tax relating to items that will be reclassified to profit or loss 7.20 8.20
5 Total Other comprehensive income 692.10 768.60



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1,111.90
Adjustments for reconcile profit (loss)
Adjustments for finance costs 988.70
Adjustments for decrease (increase) in inventories (2,866.30)
Adjustments for decrease (increase) in trade receivables, current (484.20)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (5,738.10)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 968.80
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 1,114.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 785.90
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 811.60
Adjustments for dividend income 0.10
Adjustments for interest income 335.90
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (6.00)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (183.80)
Other adjustments for non-cash items (38.30)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (4,983.70)
Net cash flows from (used in) operations (3,871.80)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 188.60
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (4,060.40)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 796.30
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 4.50
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.10
Interest received 335.90
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 3,519.60
Net cash flows from (used in) investing activities 3,063.80
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 3,359.00
Repayments of borrowings 197.50
Payments of lease liabilities 128.70
Dividends paid 0.00
Interest paid 976.60
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 2,056.20
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,059.60
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 1,059.60
Cash and cash equivalents cash flow statement at beginning of period 2,514.10
Cash and cash equivalents cash flow statement at end of period 3,573.70