Railways-related stock surges from Rs 68 to Rs 1,800; Q2 results pack a punch | Check details
Concord Control Systems is a company that manufactures electrical, electronic, and mechanical products for Indian Railways. The stock has exhibited fast appreciation over the past few years and now its Q2 results signals continuation of the momentum.
Kolkata: Concord Control Systems is a Lucknow-based company that designs manufactures railway coaches and electrification components such as couplers, battery chargers, emergency lighting and fans. It has generated robust stock market returns -- in the past five years Concord Control Systems stocks have moved up 2,113%. The market cap of the company is above Rs 1,909 crore and its price-earnings (P/E) ratio is 84.27. Around 10 am on November 7, Concord Control Systems stocks were trading at Rs 1,930.05, up Rs 43.70 or 2.32%.
Concord Control Systems has just come out with its financial performance results for the April-September (H1FY26) period and it is clear that the company is going through robust growth, a jump in both revenue and profits. An indication of the appreciation of the stock is apparent from the fact that while it was trading at the level of Rs 68 in 2002, it has now gone well past Rs 1,900.
Revenue and profit surge
Concord Control Systems results show that consolidated revenue jumped 64% to reach Rs 81.55 crore in H1 FY26 against Rs 49.75 crore in the corresponding period in 2024. PAT or net profit surged 85% to touch Rs 16.02 crore. It was at Rs 8.67 crore in the same period in 2024. EBITDA recorded a jump of 53% to reach 21.73 crore. This result was quite impossible to achieve of its operational and financial performance was not on a strong wicket.
New milestones
Concord Control Systems has notched up several milestones during the H1 period. It received technical prototype clearance from RDSO for Kavach 4.0 wayside equipment and also secured its first Kavach 4.0 order. It is valued at Rs 19.45 crore. The company also developed India's first zero-emission propulsion system, designed for converted diesel locomotives.
The company also acquired 80% stake in Fusion Electronics -- the country's biggest flex PCB manufacturer. It will provide the company with an annual production capacity of 200,000 square meters which could raise its revenue by about Rs 200 crore more.
Robust order book
Concord Control Systems order book increased to Rs 313 crore up from Rs 212.54 crore in 2024. The company expects that there will be more improvement in H2 FY26. There are indications of continuous order pipeline and growing demand for embedded electronic solutions.
Concord Control Systems is an RDSO-approved OEM company that manufactures advanced electrical and electronic systems for Indian Railways. The company is aligned with the government's "Gati Shakti" programme and tries to achieve zero-defect in manufacturing. It is playing a distinct role in the modernisation of the Railways.
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