Integrated Filing — IndAS



General information about company
Scrip Code 544315
NSE Symbol CEWATER
MSEI Symbol NA
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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 24-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth 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 Audited
Segment Reporting Single segment
Description of single segment Water Treatment Products and Technologies
Start date and time of board meeting 24-May-2025   15:30:00
End date and time of board meeting 24-May-2025   19:30:00
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 Declaration of unmodified opinion



Financial Results Ind-AS
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 2069930000 5944390000
Other income 26810000 47240000
Total income 2096740000 5991630000
2 Expenses
(a) Cost of materials consumed 793370000 2408630000
(b) Purchases of stock-in-trade 205810000 507900000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -5470000 67410000
(d) Employee benefit expense 231770000 852990000
(e) Finance costs 55100000 205150000
(f) Depreciation, depletion and amortisation expense 34210000 113970000
(f) Other Expenses
1 Service Charges 69130000 255190000
2 Other Expenses 186280000 920300000
Total other expenses 255410000 1175490000
Total expenses 1570200000 5331540000
3 Total profit before exceptional items and tax 526540000 660090000
4 Exceptional items 0 0
5 Total profit before tax 526540000 660090000
6 Tax expense
7 Current tax 39500000 69040000
8 Deferred tax -4620000 -6320000
9 Total tax expenses 34880000 62720000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 491660000 597370000
12 Profit (loss) from discontinued operations before tax -13570000 -67000000
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax -13570000 -67000000
15 Share of profit (loss) of associates and joint ventures accounted for using equity method -6780000 -15440000
16 Total profit (loss) for period 471310000 514930000
17 Other comprehensive income net of taxes -23600000 -24480000
18 Total Comprehensive Income for the period 447710000 490450000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 471310000 514930000
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent -23600000 -24480000
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 103480000 103480000
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve 5233270000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 22.77 27.29
Diluted earnings (loss) per share from continuing operations 22.77 27.29
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations -0.66 -3.55
Diluted earnings (loss) per share from discontinued operations -0.66 -3.55
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 22.11 23.74
Diluted earnings (loss) per share from continuing and discontinued operations 22.11 23.74
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 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 year ended March 31 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 24 2025 The aforesaid results for the quarter ended March 31 2025 have been subject to limited review and results for the year ended March 31 2025 have been audited by the Statutory Auditor of the Company n n2 The figures for the quarter ended March 31 2025 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the end of third quarter of the current financial year which were subjected to limited review by statutory auditors n n3 The figures for the quarter ended March 31 2024 as reported in the results are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the end of the third quarter of the previous financial year These have been approved by the Companys Board of Directors but have not been subjected to limited review since the requirement of submission of quarterly standalone financial results is applicable on listing of equity shares of the Company on December 27 2024 n n4 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 Regulations



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 785680000
Capital work-in-progress 35530000
Investment property
Goodwill 0
Other intangible assets 282320000
Intangible assets under development 36120000
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 660580000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 379310000
Total non-current financial assets 1039890000
Deferred tax assets (net) 90310000
Other non-current assets 15500000
Total non-current assets 2285350000
2 Current assets
Inventories 1726660000
Current financial asset
Current investments 0
Trade receivables, current 1739260000
Cash and cash equivalents 251900000
Bank balance other than cash and cash equivalents 641270000
Loans, current 2780000
Other current financial assets 110000000
Total current financial assets 2745210000
Current tax assets (net) 27190000
Other current assets 1702640000
Total current assets 6201700000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 8487050000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 103480000
Other equity 5233270000
Total equity attributable to owners of parent 5336750000
Non controlling interest
Total equity 5336750000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 80510000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 38840000
Total non-current financial liabilities 119350000
Provisions, non-current 106650000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities 10720000
Total non-current liabilities 236720000
Current liabilities
Current financial liabilities
Borrowings, current 1226960000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 233820000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1133760000
Total Trade payable 1367580000
Other current financial liabilities 37800000
Total current financial liabilities 2632340000
Other current liabilities 191030000
Provisions, current 36560000
Current tax liabilities (Net) 53650000
Deferred government grants, Current
Total current liabilities 2913580000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 3150300000
Total equity and liabilites 8487050000
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block
Textual Information(1) 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 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 nThe Companys share of total offer expenses are Rs 129.24 million. The details of IPO proceeds of Rs 1750 million net of provisional IPO expenses of Rs 129.24 million which were utilized as at March 31 2025 are summarized below n nParticulars Amount to be utilised Utilised amount upto Unutilised amount n upto n as per prospectus March 31 2025 March 31 n 2025 nObjects as given in Prospectus 1620.76 644.50 976.26 n nThe IPO proceeds of Rs. 976.26 million which were unutilized as at March 31 2025 are temporarily invested in fixed Deposit with scheduled commercial bank n n6 The Management made a resolution on February 13 2024 to discontinue the operations of Ms. Blue water Trading & Treatment FZE and to initiate the liquidation process voluntarily Blue water Trading & 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 year are presented on the following nParticularst Quarter Endedt Year Ended n March 31t Dec 31t March 31 tMarch 31 March 31 n n Loss for the (13.57)t (19.10)t (82.97)t (67.00)t (546.75) nperiod year from ndiscontinued operations n n7 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 Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Unaudited Audited
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
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
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 - gain/(loss) -10260000 -10370000
Total Amount of items that will not be reclassified to profit and loss -10260000 -10370000
2 Income tax relating to items that will not be reclassified to profit or loss -2600000 -2630000
3 Amount of items that will be reclassified to profit and loss
1 Foreign exchange differences on translation of foreign operations -16030000 -17370000
2 Foreign exchange differences on share of joint ventures 90000 630000
Total Amount of items that will be reclassified to profit and loss -15940000 -16740000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -23600000 -24480000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 660090000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 210600000
Adjustments for decrease (increase) in inventories -186750000
Adjustments for decrease (increase) in trade receivables, current -45060000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -828370000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 220040000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 158620000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -45070000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -17150000
Adjustments for dividend income 0
Adjustments for interest income 28250000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -3500000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -21520000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -586410000
Net cash flows from (used in) operations 73680000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 26200000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 47480000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 110000
Purchase of property, plant and equipment 257590000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 5870000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -971810000
Net cash flows from (used in) investing activities -1223420000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 1750000000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 93400000
Repayments of borrowings 221250000
Payments of lease liabilities 34360000
Dividends paid 0
Interest paid 213130000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -129380000
Net cash flows from (used in) financing activities 1245280000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 69340000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 69340000
Cash and cash equivalents cash flow statement at beginning of period 182560000
Cash and cash equivalents cash flow statement at end of period 251900000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Deloitte Haskins & Sells LLP Yes 31-Jul-2027