Nature of Disclosure: Investor presentation filed pursuant to Regulation 30 of SEBI LODR Regulations, 2015.

Financial Performance (Consolidated H1FY27):

  • Revenue from Operations: INR 159.1 Cr, a 95.1% increase from H1FY26 (INR 81.5 Cr) and a 23.4% increase from H2FY26 (INR 128.9 Cr).
  • Total Expenditure: INR 112.5 Cr.
  • EBITDA: INR 46.7 Cr, a 114.7% increase YoY. EBITDA Margin: 29.32% (267 basis points improvement YoY).
  • Profit After Tax (PAT): INR 31.2 Cr, a 94.9% increase YoY. PAT Margin: 19.63%.
  • Earnings Per Share (EPS): INR 30.08, an 89.8% increase from H1FY26 (INR 15.85).
  • Other Income: INR 2.1 Cr.
  • Depreciation: INR 2.2 Cr.
  • Interest: INR 3.2 Cr.
  • Tax: INR 11.2 Cr.

Balance Sheet (Consolidated H1 FY27):

  • Total Equity: INR 240.52 Cr (Share Capital: INR 10.38 Cr; Reserves & Surplus: INR 230.14 Cr).
  • Minority Interest: INR 2.36 Cr.
  • Total Borrowings: INR 82.33 Cr (Long Term: INR 11.36 Cr; Short Term: INR 70.97 Cr).
  • Trade Payables: INR 40.02 Cr.
  • Total Assets: INR 382.58 Cr.
  • Non-Current Assets: INR 83.03 Cr (Fixed Assets: INR 31.89 Cr; Intangible Assets: INR 13.43 Cr; CWIP: INR 2.19 Cr; Intangible under Development: INR 3.55 Cr; Investments: INR 23.31 Cr).
  • Current Assets: INR 299.55 Cr (Inventories: INR 104.08 Cr; Trade Receivables: INR 140.76 Cr; Cash & Cash Equivalents: INR 34.48 Cr; Short Term Loans & Advances: INR 19.31 Cr).

Operational Highlights:

  • Employee Count: 460+.
  • R&D Engineers: 100+.
  • H1 FY27 Closing Order Book: ~INR 846 Cr, stated as approximately 4x the company's FY26 annual revenue (INR 210.5 Cr).
  • The company states the current year will focus on translating this order book into revenue and demonstrating disciplined cash-flow management.

Growth Strategy & Technology Platforms:

The presentation outlines a multi-platform growth strategy targeting a 40-50% revenue CAGR over the next 3-5 years. The key technology platforms are:

1. Green Mobility: Focus on zero-emission propulsion including Battery-Electric Locomotives, Hydrogen Hybrid Locomotives, and Locomotive Modernization retrofits. The company claims to have developed India's first indigenous zero-emission locomotive retrofit.

2. Smart Trains with Intelligence: Includes the Distributed Power Wireless Control System (DPWCS) for heavy haul operations (2km to 3.5km long trains up to 25,000 tonnes).

3. Sensing & AI Driven Diagnostics: Products include the Wheel Impact Load Detector (WILD) and Overhead Monitoring systems for condition monitoring.

4. Railway Safety: Includes the SIL-4 certified Kavach 4.0 Automatic Train Protection system and Multi Section Digital Axle Counter (MSDAC).

Subsidiary & Investments:

  • Fusion Electronics: An 80% subsidiary focused on Flex PCB, premium EMS, and box-build manufacturing. It has an annual capacity of 200,000 sqm and is projected to have a potential of ~INR 400 Cr+ post doubling capacity with EBITDA Margins of 25%+.
  • Other strategic investments include Lab to Market (49%) for WILD technology and Progota India (46.5%) for Kavach/railway safety.

Acquisitions:

Advanced Rail Controls, focused on locomotive propulsion & communication, was merged into Concord effective April 1, 2025.

Forward-Looking Commentary:

The presentation includes forward-looking statements regarding market opportunity, business prospects, and a growth roadmap divided into three horizons: executing the current order book, scaling new technologies like diagnostics and green propulsion, and expanding into international markets and technology licensing.