Shares of Concord Enviro Systems Limited soared over 12% today, reaching ₹768.25 on the NSE following the company’s robust financial performance for Q2 FY25 and the half-year ended September 30, 2024. Investors responded positively to the company’s significant growth in revenue and profitability.
Key Financial Highlights for Q2 FY25:
- Revenue from Operations: ₹161.89 crore, up 67% YoY from ₹97.35 crore in Q2 FY24.
- Profit After Tax (PAT): ₹17.3 crore, a remarkable turnaround from a loss of ₹4.37 crore in the same quarter of the previous year.
Half-Year Performance:
- Revenue: ₹264.63 crore, showcasing operational strength and efficiency.
- Profit After Tax (PAT): ₹41.44 crore, a substantial increase from ₹12.93 crore during the corresponding period in FY24.
Stock Performance:
- Day’s High: ₹773.60
- Day’s Low: ₹705.00
- Previous Close: ₹680.90
- Market Cap: ₹1,597 crore
- P/E Ratio: 38.37
- 52-Week High: ₹860.00
- 52-Week Low: ₹632.20
- Volume Traded: 639.70K shares
Strategic Insights:
Concord Enviro Systems’ impressive financial results highlight the company’s ability to drive growth and profitability in a competitive market. The turnaround in PAT and consistent revenue growth signal improved operational efficiencies and a stronger market presence.
TOPICS:
Concord Enviro Systems