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Concord Control

Q2 FY26Industrial Manufacturing

Concord Control Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹2,285
Market cap₹2.6K Cr
P/E60.3
Updated23 Aug 2026
Read4 min read

Concord Control Q2 FY26 key numbers

Revenue
They anticipate explosive growth from subsidiaries like Advanced Rail and strategic investments like Fusion Electronics, expecting Fusion to contribute up to INR 200 crores in revenue in the near future.

As stated in Concord Control's Q2 FY26 earnings call transcript · published 16 Jul 2026. Reported figures, not investment advice.

The short version

Concord expects a strong growth trajectory with a 40% to 50% CAGR in revenue over the next 3 to 5 years. Concord Control Systems aims for a 40% to 50% CAGR growth in revenue over the next 3 to 5 years, with an especially transformational growth phase expected in the next 2 to 3 years ("golden period").

From Concord Control's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Concord expects a strong growth trajectory with a 40% to 50% CAGR in revenue over the next 3 to 5 years.
  • The next 2 to 3 years are viewed as a "golden period" with transformational growth driven by new products, R&D, and market expansion.
  • Management aims to increase FY25 revenue by approximately 5 times within 2 to 3 years.
  • They anticipate explosive growth from subsidiaries like Advanced Rail and strategic investments like Fusion Electronics, expecting Fusion to contribute up to INR 200 crores in revenue in the near future.
  • Growth will be driven by large-scale deployment of products like Kavach and expansion in railway technologies domestically and globally.

2 more points from Concord Control's call on revenue

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Profitability & Margins

See what Concord Control said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Concord completed the acquisition of Fusion Electronics, one of the largest flexible PCB manufacturers in India, providing backward integration for railway-grade assemblies and EMS requirements; CapEx for this is largely done with plans to enhance technology.
  • Fusion has installed capacity of over 2 lakh sq. meters of flexible PCBs and potential revenue of INR 200 crore at full capacity, with EBITDA margins upwards of 20%.
  • The company is investing in zero-emission propulsion technologies, including hydrogen, hybrid variants, and higher capacity systems, developed entirely in-house.
  • Strategic investments include remote monitoring and HMI solutions aligned with propulsion systems.
  • Concord takes a calculated, conservative approach to acquisitions, focusing on technologies impacting Indian Railways' safety and innovation.

2 more points from Concord Control's call on capex

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Top-ranked in Industrial Manufacturing

Ranked on what management guided this quarter

Guidance-ranked
1ICE Make Refrig.
Rev 1Mar 2
2Taurian MPS
Rev 1Mar 2
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Concord Control said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Current order book stands at INR 313 crore as of the half-year ended September 2025, reflecting a 47% increase.
  • Orders received during H1 FY26 exceeded INR 180 crore.
  • Executed orders worth approximately INR 80 crore in H1 FY26.
  • Strong order pipeline expected to convert into revenues over the next 18-24 months.
  • Kavach-related orders include INR 19.5 crore from Progota for manufacturing and commissioning systems on a 53 km rail section.
  • Additional significant tenders in progress for 6,500+ locomotives and 2,500 train sets; Concord is qualified as a developmental vendor.

2 more points from Concord Control's call on order book

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Continue your research

What Concord Control Systems Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Concord Control Q2 FY26 results?

Concord expects a strong growth trajectory with a 40% to 50% CAGR in revenue over the next 3 to 5 years. Concord Control Systems aims for a 40% to 50% CAGR growth in revenue over the next 3 to 5 years, with an especially transformational growth phase expected in the next 2 to 3 years ("golden period").

What is Concord Control share price analysis?

Concord Control currently shows a neutral. The stock trades at a P/E of 60.3 with a market cap of ₹2,556 Cr. Investors should review the full earnings analysis for detailed insights.

Is Concord Control planning capital expenditure?

Concord completed the acquisition of Fusion Electronics, one of the largest flexible PCB manufacturers in India, providing backward integration for railway-grade assemblies and EMS requirements; CapEx for this is largely done with plans to enhance technology. - Fusion has installed capacity of over 2 lakh sq.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.