Concord Control Systems Limited (FY ended 31-Mar-2026)
| S. No. | Notes forming part of the Standalone Financial Results as on 31-3-2026 |
|---|---|
| 1 | The Standalone financial results have been reviewed by the audit committee and approved by the board of directors at their respective meetings held on 13th May, 2026. The figures of half year are the balancing figures between audited figures in respect of the full financial year and the published half yearly figures. |
| 2 | The company is mainly engaged in the business “Manufacturing of Electrical and Electronic Products for Indian Railways” and there is no other business segment of the company as per accounting standard 17. |
| 3 | The equity shares of the company listed on SME Stock Exchange as referred in chapter XB of the SEBI (Issue of Capital and Disclosure requirements) Regulations, 2009 and hence exempted from compulsory adoption of Ind AS for preparation of financial statements vide notification dated 16th February, 2015 issued by the Ministry of Corporate Affairs. |
| 4 | The figures of the corresponding periods have been reclassified / regrouped wherever necessary. |
| 5 | The standalone financial results have been prepared to comply in all material respects with the mandatory Accounting Standards applicable under Rule 2 of Companies (Accounting Standards) Rules, 2021 to the extent applicable and the relevant provisions of the Companies Act, 2013. The Ind AS are not applicable to the company in terms of SEBI guidelines. The financial results have been prepared under the historical cost convention on an accrual basis. The accounting policies have been consistently applied by the Company. |
| 6 | EPS has been calculated on weighted average basis for the shares outstanding and the EPS mentioned for half year have not been annualised. |
| 7 | As on March 31, 2026, the company has one subsidiary namely “FUSION ELECTRONICS PRIVATE LIMITED” and Two Associate Companies namely “Progota India Private Limited” and “Concord Lab to Market Innovations Private Limited.” |
| 8 | The company has allotted 24681 equity shares to Mr. Velukutty Sadasivan on 23-08-2025 as payment of consideration for acquisition of remaining 10% equity in “ADVANCED RAIL CONTROLS PRIVATE LIMITED”. The said allotment was done on preferential basis which was duly approved in the extraordinary general meeting of members held on 27th June 2025. |
| 9 | The company has allotted 37,95,089 Equity Shares as bonus shares to the existing shareholders of the Company on 17th October 2025 in the ratio of (3:5) after taking due approval from the shareholders in the 15th annual general meeting held on 30th September, 2025. |
| 10 | The company has further allotted 2,38,500 equity shares & 24,662 Equity Shares to Non Promoters on 28th January 2026 on preferential basis. |
| 11 | Pursuant to the Scheme of Amalgamation approved by Hon’ble NCLT Allahabad Bench vide order dated 15 April 2026 (“the Scheme”), Advanced Rail Controls Private Limited has merged with the Company with the appointed date 1 April 2025. Accordingly, financial statements have been prepared after giving effect to the amalgamation from the appointed date as per the ‘Pooling of Interest Method’ prescribed under AS-14. The company has given notice of such order by filing e-Form INC-28 on 09th May 2026, and the same is under processing. The figures for the half year ended 30 September 2025 have been restated pursuant to the Scheme. Accordingly, the comparative figures are not comparable with the previously published standalone financial results of the Company. |
| 12 | During the year, the Company acquired 79,200 Equity Shares (including nominee shareholders) constituting 80.00% of the paid-up equity share capital of Fusion Electronics Private Limited (“FEPL”), resulting in acquisition of controlling stake in the said entity. Consequently, FEPL has become a subsidiary of the Company with effect from the date of acquisition. Also, the company has increased its stake in one of its associate entity “Progota India Private Limited” from 26% to 46.50% on 11th October 2025. |
| Particulars | Figures as at the end of current reporting period (In Rs.) 31-Mar-2026 | Figures as at the end of the previous reporting period (In Rs.) 31-Mar-2025 |
|---|---|---|
| 2 | 3 | |
| I. EQUITY AND LIABILITIES | ||
| (1) SHAREHOLDER’S FUND | ||
| – (a) Share Capital | 1,038.34 (2026) | 630.05 (2025) |
| – (b) Reserves & Surplus | 19,866.88 (2026) | 11,340.95 (2025) |
| – (c) Money received against share warrants | 0.00 (2026) | 0.00 (2025) |
| Total Shareholder’s Fund | 20,905.22 (2026) | 11,971.00 (2025) |
| (2) Share application money pending allotment | 0.00 (2026) | 0.00 (2025) |
| (3) Non-Current Liabilities | ||
| – (a) Long-term borrowings | 1,278.86 (2026) | 15.46 (2025) |
| – (b) Deferred tax liabilities (Net) | 0.00 (2026) | 0.00 (2025) |
| – (c) Other Long term liabilities | 0.00 (2026) | 23.24 (2025) |
| – (d) Long-term provisions | 195.18 (2026) | 153.74 (2025) |
| Total Non-Current Liabilities | 1,474.04 (2026) | 192.44 (2025) |
| (4) Current Liabilities | ||
| – (a) Short-term borrowings | 3,914.62 (2026) | 18.79 (2025) |
| – (b) Trade payables | ||
| – (A) Total Outstanding dues of Micro Enterprises and small Enterprises | 1,643.54 (2026) | 723.68 (2025) |
| – (B) Total Outstanding dues of creditors other than Micro Enterprises and small Enterprises | 2,544.99 (2026) | 346.57 (2025) |
| – (c) Other current liabilities | 408.59 (2026) | 380.37 (2025) |
| – (d) Short-term provisions | 177.97 (2026) | 19.14 (2025) |
| Total Current Liabilities | 8,689.71 (2026) | 1,488.55 (2025) |
| TOTAL EQUITY AND LIABILITIES | 31,068.97 (2026) | 13,651.99 (2025) |
| II. ASSETS | ||
| (1) Non-Current Assets | ||
| – (a) Property, Plant & Equipment and Intangible assets | ||
| – (i) Property Plant and Equipment | 2,133.16 (2026) | 1,939.43 (2025) |
| – (ii) Intangible Assets | 79.31 (2026) | 319.05 (2025) |
| – (iii) Capital Work-in-Progress | 0.00 (2026) | 82.68 (2025) |
| – (iv) Intangible assets under development | 173.24 (2026) | 0.00 (2025) |
| – (b) Non-current investments | 4,701.25 (2026) | 763.75 (2025) |
| – (c) Deferred Tax Assets (net) | 79.02 (2026) | 79.00 (2025) |
| – (d) Long term loans and advances | 754.96 (2026) | 772.82 (2025) |
| – (e) Other Non-current assets | 151.36 (2026) | 99.16 (2025) |
| Total Non-Current Assets | 8,072.30 (2026) | 4,055.89 (2025) |
| (2) Current Assets | ||
| – (a) Current investments | 0.00 (2026) | 0.00 (2025) |
| – (b) Inventories | 8,382.17 (2026) | 3,758.31 (2025) |
| – (c) Trade Receivables | 12,125.64 (2026) | 3,762.02 (2025) |
| – (d) Cash and Bank Balances | 1,584.79 (2026) | 1,490.70 (2025) |
| – (e) Short term loans and advances | 746.31 (2026) | 531.82 (2025) |
| – (f) Other current assets | 157.76 (2026) | 53.25 (2025) |
| Total Current Assets | 22,996.67 (2026) | 9,596.10 (2025) |
| TOTAL ASSETS | 31,068.97 (2026) | 13,651.99 (2025) |
| Particulars | Half Year ended at 31-03-2026 Audited | 30-09-2025 Unaudited-Restated | 31-03-2025 Audited | Figures for the current reporting period from 1-Apr-2025 to 31-Mar-2026 | Figures for the previous reporting period from 1-Apr-2024 to 31-Mar-2025 |
|---|---|---|---|---|---|
| 31-03-2026 Audited | 30-09-2025 Unaudited-Restated | 31-03-2025 Audited | Audited | Audited-Restated | |
| I. Revenue from Operations | 12,892.90 | 8,154.55 | 7,470.80 | 21,047.45 | 12,446.10 |
| II. Other Income | 179.29 | 146.19 | 232.37 | 325.48 | 349.39 |
| III. Total Income (I+II) | 13,072.19 | 8,300.74 | 7,703.17 | 21,372.93 | 12,795.49 |
| IV. EXPENSES | |||||
| Cost of materials consumed | 8,331.00 | 2,813.47 | 4,341.50 | 11,144.47 | 7,427.63 |
| Purchase of Stock in Trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories of finished goods, work-in-progress and Stock-in-Trade | (1,722.16) | 1,383.48 | (323.20) | (338.68) | (1,069.53) |
| Other Direct Manufacturing Expenses | 374.45 | 214.68 | 261.84 | 589.13 | 515.06 |
| Employee benefit expenses | 977.03 | 989.95 | 668.13 | 1,966.98 | 1,275.84 |
| Finance Cost | 154.77 | 53.63 | 20.37 | 208.40 | 252.95 |
| Depreciation and amortization expense | 141.91 | 108.59 | 89.20 | 250.50 | 166.02 |
| Other expenses | 1,307.17 | 579.57 | 976.62 | 1,886.74 | 1,331.02 |
| Total expenses | 9,564.17 | 6,143.37 | 6,034.46 | 15,707.54 | 9,898.99 |
| V. Profit before exceptional and extraordinary items and tax (III-IV) | 3,508.02 | 2,157.37 | 1,668.71 | 5,665.39 | 2,896.50 |
| VI. Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| VII. Profit before extraordinary items and tax (V – VI) | 3,508.02 | 2,157.37 | 1,668.71 | 5,665.39 | 2,896.50 |
| VIII. Extraordinary items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| IX. Profit before tax (VII – VIII) | 3,508.02 | 2,157.37 | 1,668.71 | 5,665.39 | 2,896.50 |
| X. Tax expense | |||||
| (1) Current Tax for the Period | 1,003.57 | 430.87 | 308.94 | 1,434.44 | 568.61 |
| Tax relating to earlier years | 42.83 | 0.00 | (30.01) | 42.83 | (30.01) |
| Less MAT Credit entitlement | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| (2) Deferred Tax | 0.27 | (0.29) | (45.10) | (0.02) | 39.87 |
| Total Tax Expense | 1,046.67 | 430.58 | 233.83 | 1,477.25 | 578.47 |
| XI. Profit (Loss) for the period from continuing operations (IX – X) | 2,461.35 | 1,726.79 | 1,434.88 | 4,188.14 | 2,318.03 |
| XII. Profit/(loss) from discontinuing operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| XIII. Tax expense of discontinuing operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| XIV. Profit/(loss) from Discontinuing operations (after tax) (XII-XIII) | 0.00 | 0 | 0 | 0.00 | 0.00 |
| XV. Profit (Loss) for the period (XI + XIV) | 2,461.35 | 1,726.79 | 1,434.88 | 4,188.14 | 2,318.03 |
| XVI. Earnings per equity share: | |||||
| (1) Basic (Amount in Rs.-Absolute) | 24.14 | 17.10 | 14.21 | 41.24 | 22.96 |
| (2) Diluted (Amount in Rs.-Absolute) | 24.14 | 17.10 | 14.21 | 41.24 | 22.96 |
| Particulars | 31-Mar-2026 | 31-Mar-2025 |
|---|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net Profit (Loss) before tax as per Profit & Loss Account | 5,665.39 | 2,896.50 |
| Add:- non cash Debits | ||
| Depreciation / Amortisation / Impairment | 250.50 | 166.01 |
| Liabilities / provisions no longer required written back | (29.02) | (99.02) |
| Loss(Profit) on Sale of Assets | (41.83) | 0.00 |
| Dividend Income | 0.00 | (0.63) |
| Interest Income | (229.06) | (187.53) |
| Net gain / (loss) on sale of Investments | 0.00 | 0.00 |
| Interest and Finance Charge | 208.40 | 283.52 |
| Operating Profit before Working Capital Changes | 5,824.38 | 3,058.85 |
| Adjusted for:- | ||
| (Increase)/Decrease In Trade receivables | (8,363.62) | (1,807.48) |
| (Increase)/Decrease in Inventories | (4,623.86) | (1,377.22) |
| (Increase)/Decrease in Loans and advances and other assets | (371.20) | 76.89 |
| Increase/(Decrease) in Trade Payable & other payable | 3,355.57 | (85.98) |
| Cash Generated from Operations | (10,003.11) | (3,193.79) |
| Taxes (Paid) / Refund | (4,178.73) | (134.94) |
| (1,297.57) | (1,297.57) | (563.50) |
| Net Cash from Operating Activities | (5,476.30) | (698.45) |
| B. CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of fixed Assets/CWIP/ Capital Advance | (743.35) | (262.45) |
| Sale of Fixed Assets | 125.00 | 0.00 |
| Sale(Purchase) of Investments (net) | (3,937.50) | (994.72) |
| Long Term Loans and advances | (4.14) | (363.99) |
| Dividend Income | 0.00 | 0.63 |
| Interest Income |