CNCRDConcord Control Systems Ltd.
Concord Control Systems Q2 FY27 Results: Consolidated Net Profit ₹31.11 Crore on Total Income of ₹161 Crore
- Earnings
- control systems and aerospace and defence electronics
Reviewed byRachit TripathiBlacklitt Research
Concord Control Systems (NSE: CNCRD) reported consolidated total income of ₹161.17 crore and net profit of ₹31.11 crore for the half year ended 30 Sep 2026, it said in a filing on 02 Nov 2026. Standalone total income was ₹160.17 crore and standalone net profit was ₹32.86 crore. The results are unaudited and were approved at a board meeting on 2 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹161.17 crore, up 94.2% against the year-ago half year and 23.3% against the preceding half year
- Net profit: ₹31.11 crore, up 94.2% YoY; EPS, basic ₹30.08, up 89.8% YoY
- Finance costs: ₹3.18 crore, against ₹0.54 crore a year earlier
Standalone
The company on its own, without its subsidiaries
- Total income: ₹160.17 crore, up 93.0% YoY and 22.5% against the preceding half year
- Net profit: ₹32.86 crore, up 90.3% YoY; EPS, basic ₹31.64, up 85.0% YoY
- Finance costs: ₹3.12 crore, against ₹0.54 crore a year earlier
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 161.17 | 83.01 | +94.2% | 130.72 | +23.3% | |
| Revenue from operations | 159.11 | 81.55 | +95.1% | 128.93 | +23.4% |
| Other income | 2.06 | 1.46 | +40.8% | 1.79 | +14.8% |
| 31.11 | 16.02 | +94.2% | 27.08 | +14.9% | |
| Profit before tax | 42.26 | 20.33 | +107.9% | 38.13 | +10.8% |
| Finance costs | 3.18 | 0.54 | +492.5% | 1.58 | +101.1% |
| Depreciation | 2.16 | 1.09 | +98.5% | 2.59 | -16.8% |
| Tax expense | 11.16 | 4.31 | +159.1% | 11.05 | +1.0% |
| Net profit margin | 19.30% | 19.30% | -0.00 pp | 20.72% | -1.42 pp |
| EPS, basic (₹) | 30.08 | 15.85 | +89.8% | 26.15 | +15.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Revenue from operations rose 95.1% to ₹159.11 crore, and other income rose 40.8% to ₹2.06 crore, so growth came almost entirely from operating revenue. Other income is 1.3% of total income, and the consolidated tax expense of ₹11.16 crore is 26.4% of profit before tax of ₹42.26 crore.
Net profit grew at the same pace as total income in the year-on-year comparison, at 94.2%, while profit before tax grew faster at 107.9%. Finance costs rose from ₹0.54 crore to ₹3.18 crore and are now 2.0% of total income, a rise the filing does not explain.
The consolidated statement includes a share of loss from associate enterprises of ₹1.12 crore (₹1.12 crore) under the equity method, with stakes in Progota India Private Limited (46.50%) and Concord Lab to Market Innovations Private Limited (49.00%). The statement shows profit attributable to owners of ₹31.23 crore, slightly above the ₹31.11 crore profit for the period, and a transfer to minority interest of ₹12.62 lakh. Exceptional items are nil, and Seth & Associates issued a limited review report with no modification.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 160.17 | 83.01 | +93.0% | 130.72 | +22.5% | |
| Revenue from operations | 159.53 | 81.55 | +95.6% | 128.93 | +23.7% |
| Other income | 0.64 | 1.46 | -56.2% | 1.79 | -64.3% |
| 32.86 | 17.27 | +90.3% | 24.61 | +33.5% | |
| Profit before tax | 43.97 | 21.57 | +103.8% | 35.08 | +25.3% |
| Finance costs | 3.12 | 0.54 | +481.7% | 1.55 | +101.6% |
| Depreciation | 1.52 | 1.09 | +39.7% | 1.42 | +6.9% |
| Tax expense | 11.11 | 4.31 | +158.1% | 10.47 | +6.2% |
| Net profit margin | 20.51% | 20.80% | -0.29 pp | 18.83% | +1.68 pp |
| EPS, basic (₹) | 31.64 | 17.10 | +85.0% | 24.14 | +31.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit of ₹32.86 crore is ₹1.75 crore higher than consolidated net profit of ₹31.11 crore. Standalone other income fell 56.2% to ₹0.64 crore, so the standalone total income rise rests almost wholly on revenue from operations, up 95.6%.
Standalone profit before tax rose 103.8% to ₹43.97 crore, and net profit rose 90.3%, with a tax expense of ₹11.11 crore, 25.3% of profit before tax. Against the preceding half year, standalone net profit rose 33.5%, faster than total income at 22.5%. Standalone finance costs are ₹3.12 crore, or 1.9% of total income, and exceptional items are nil.
Seth & Associates also issued a limited review report on the standalone results with no modification. The standalone statement shows no tax relating to earlier years for the half year.
Inference
The filing confirms that the board approved the unaudited standalone and consolidated results for the half year ended 30 Sep 2026 on 2 Nov 2026, and that Gaurav Lath is Managing Director and CFO and Puja Gupta is Company Secretary and Compliance Officer.
The filing does not state any dividend declaration for the half year, and it does not give guidance on results for the next period. Also not stated: the reason for the rise in revenue, finance costs and depreciation, the reason for the associate loss, and when the unaudited results will be audited.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
