Concord Control Systems posts strong H1 FY26 results, expands order book

Concord Control Systems reported a robust performance for H1 FY26, with revenue from operations increasing by 64% year-over-year to ₹81.55 crore. EBITDA grew by 53% year-over-year to ₹21.73 crore, and profit after tax surged by 85% year-over-year to ₹16.02 crore. The company's order book expanded by 47% to ₹313.00 crore as of September 30, 2025, compared to ₹212.54 crore on March 31, 2025.

Key developments include RDSO prototype clearance for Kavach 4.0 wayside equipment, a next-gen, 100% in-house system, and securing an initial ₹19.45 crore order for it through Progota India Private Limited. Additionally, Concord introduced India's first indigenous zero-emission propulsion for diesel locomotives and acquired an 80% stake in Fusion Electronics Private Limited, a flexible PCB manufacturer with an annual capacity of 200,000 sqm and approximately ₹200 crore revenue potential.

The company aims to be a 360-degree solution provider for the railway industry, focusing on ESG and product development, with a revenue CAGR target of 40-50% and EBITDA margins between 22-25% for the next three to five years. Concord's strategic roadmap includes doubling capacity and forward integration in SMT lines, box build, and railway-grade assemblies.