EKI Energy Services News and Updates

Consulting Services company EKI Energy Services announced Q1FY25 results: Consolidated revenue of Rs 178.21 crore, demonstrating a strategic shift towards diversified business segments. Power trading, a new venture for EKI, generated Rs 136.20 crore in revenue during the quarter. Strong cash flow, cash balance, and ample liquidity position the company for continued growth. Generating Rs 62 crore via Cashflow from Operations and current liquidity of Rs 177.33 crore on Company level and Rs 208.85 crore on Group Level invested in the form of fixed deposit & others. EKI has clocked profit in Q1FY25 while expecting the growth in turnover & margin in next quarter onwards. Expecting the issuance of carbon credits from the community-based projects in next quarter onwards which will have positive impact on turnover and margin in upcoming quarters. Company and its group companies are running business with "NIL DEBT" except vehicle loan Chairman Manish Dabkara highlights the promising results and future growth potential, emphasizing EKI's commitment to a low-carbon, climate-resilient future. He said: "EKI's strategic entry into power trading has significantly boosted consolidated revenue, contributing Rs 136.20 crore in Q1FY25. The company is investing in decarbonisation initiatives, including cookstoves and bio-briquette production, and has launched an AI-powered ESG compliance platform, through its associate WOCE Solutions. EKI's partnership with FARI Solutions focuses on carbon credit processes, enhancing competitiveness and promoting sustainable practices ahead of COP29 in Azerbaijan." Result PDF

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EKI Energy Services News and Updates

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