Concord Enviro's board approved Q1 financial results, showing a consolidated net profit of Rs. 4.13 Cr, turning around from last year's loss.

Revenue stood at Rs. 102.39 Cr.

A significant financial restructuring plan was approved to offset negative retained earnings against securities premium, aiming to strengthen the balance sheet appearance without impacting shareholding or cash.

The company has utilized Rs. 77.12 Cr of its net IPO proceeds, with Rs. 84.96 Cr remaining for future projects.

Additionally, up to Rs. 40 Cr will be infused into its wholly-owned subsidiary, Concord Enviro (FZE), for capital expenditure and working capital.

The liquidation of a step-down subsidiary, Blue Water Trading, was also approved.