Introduction:
Leading waste management company has reported significant financial growth for the quarter and half-year ending September 30, 2024. Revenue surged by 66.5% to ₹161.89 crore, net profit rose 39.4% to ₹17.30 crore, and net income increased 21.8% to ₹16.40 crore.
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Share price movement of Concord Enviro Systems:
On January 20, 2025, Concord Enviro Systems Ltd opened at ₹766.05, up 13.55% from its previous close of ₹677.50. The stock reached a high of ₹772.00 (10.91%) and a low of ₹716.00. By 11:07 AM, it traded at ₹751.95, a 10.99% increase, with a market cap of ₹1,556.25 crore.
Concord Enviro Reports Strong Growth:
Concord Enviro Systems Limited has reported a strong financial performance for the quarter and half-year ended September 30, 2024. Revenue from operations increased by 66.5%, reaching ₹161.89 crore, compared to ₹97.35 crore in the same period last year.
The company’s net profit showed a notable rise of 39.4%, reaching ₹17.30 crore for the quarter ending September 30, 2024, up from ₹12.40 crore in the previous year, reflecting robust growth in operational efficiency and strategic initiatives.
Net income also saw a significant jump of 21.8%, reaching ₹16.40 crore, compared to ₹13.53 crore for the corresponding period in 2023. The improved financial results highlight the company’s solid performance and strategic business approach.
Recent news on Concord Enviro Systems:
As of December 27, 2024, Mumbai-based Concord Enviro Systems raised ₹500 crore through its IPO, which was oversubscribed 10.67 times. The funds will support a greenfield project in the UAE, expansion in Vasai, debt repayment, and working capital needs.
Stock performance of Concord Enviro Systems for Period of 1 week:
Concord Enviro Systems’ stock has shown a solid return of 6.72% over the past week. The company’s strong performance reflects its strategic initiatives and growth in the waste management sector.
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Shareholding pattern of Concord Enviro Systems:
| All values in % | Dec 2024 |
| Promoter | 51.40% |
| FII | 5.90% |
| DII | 11.40% |
| Public | 31.40% |
About Concord Enviro Systems:
Concord Enviro Systems Limited (NSE: CEWATER) is a global provider of water and wastewater treatment solutions, specializing in ZLD technology. It offers end-to-end services, including design, manufacturing, installation, O&M, and digitalization, focusing on sustainability and energy optimization.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
