Concord Enviro Systems Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Concord Enviro Systems Ltd reported a 658.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 4.3%.
- Its expenses for the quarter were up by 814.9% QoQ and 20.6% YoY.
- The net profit decreased 594.8% QoQ and decreased 146.1% YoY.
- The earnings per share (EPS) of Concord Enviro Systems Ltd declined at 4.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 124.00 | 16.35 | 129.63 | 658.4% | -4.3% |
Total Expenses | 131.47 | 14.37 | 108.99 | 814.9% | 20.6% |
Profit Before Tax | -7.47 | 1.97 | 20.63 | -479.2% | -136.2% |
Tax | 0.79 | 0.19 | 2.12 | 315.8% | -62.7% |
Profit After Tax | -8.56 | 1.73 | 18.58 | -594.8% | -146.1% |
Earnings Per Share | -4.10 | 9.50 | 10.20 | -143.2% | -140.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Concord Enviro Systems Ltd operates within the environmental technology industry, providing solutions and systems designed to enhance sustainability and efficiency in various industrial processes. The company specializes in areas such as water and wastewater treatment, waste management, and environmental protection technologies. Concord Enviro Systems Ltd is known for its innovative approach to developing eco-friendly solutions that cater to industrial and municipal clients. As of the latest information available up to October 2023, there are no recent major developments or announcements from Concord Enviro Systems Ltd that can be confirmed.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Concord Enviro Systems Ltd reported a total income of ₹124.00 crores. This represents a significant increase of 658.4% compared to the previous quarter (Q2FY25), which recorded a total income of ₹16.35 crores. However, when compared to the same quarter in the previous year (Q3FY24), the total income decreased by 4.3%, from ₹129.63 crores. This data highlights a considerable quarter-over-quarter growth in revenue, yet on a year-over-year basis, there is a slight decline in total income.
Profitability
During Q3FY25, Concord Enviro Systems Ltd experienced a loss, with a profit before tax (PBT) of ₹-7.47 crores, reversing from a profit of ₹1.97 crores in Q2FY25. This reflects a quarter-over-quarter decline of 479.2%. Compared to Q3FY24, when the company reported a PBT of ₹20.63 crores, there is a year-over-year decrease of 136.2%. The net impact on the profit after tax (PAT) was a loss of ₹8.56 crores in Q3FY25, down significantly from a profit of ₹1.73 crores in Q2FY25, marking a drastic decline of 594.8% quarter-over-quarter. Year-over-year, the PAT fell by 146.1% from ₹18.58 crores in Q3FY24. Earnings per share (EPS) also reflected this downturn, standing at ₹-4.10 in Q3FY25, compared to ₹9.50 in Q2FY25 and ₹10.20 in Q3FY24, depicting substantial reductions both quarter-over-quarter and year-over-year.
Operating Metrics
The total expenses for Concord Enviro Systems Ltd in Q3FY25 were ₹131.47 crores, which is a significant increase of 814.9% from Q2FY25, where expenses were ₹14.37 crores. Compared to Q3FY24, the total expenses increased by 20.6% from ₹108.99 crores. This substantial rise in expenses impacted the company's profitability metrics for the quarter. The tax expenditure for Q3FY25 was ₹0.79 crores, up 315.8% from ₹0.19 crores in Q2FY25, but down 62.7% from ₹2.12 crores in Q3FY24. These figures outline a notable rise in operational costs and tax liabilities, underscoring the financial challenges faced by the company in the latest quarter relative to previous periods.
