Outcome of Board Meeting to consider and approve unaudited standalone and consolidated financial results of the Company for the quarter and half year ended September 30, 2025
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EKI Energy Services reported weak Q2 FY26 results. Standalone revenue from operations fell to ₹3,435.42 lakhs (vs ₹4,595.42 lakhs in Q2 FY25), and standalone profit collapsed to just ₹(1.75) lakhs from ₹408.92 lakhs a year ago. On a consolidated basis, revenue crashed to ₹3,505.69 lakhs from ₹14,312.17 lakhs YoY, and the company swung to a net loss of ₹(287.61) lakhs in Q2, versus a profit of ₹422.34 lakhs last year. For H1 FY26, consolidated revenue dropped about 84% YoY to ₹4,999.68 lakhs with a loss of ₹(416.06) lakhs, mainly driven by losses from subsidiaries (₹681.12 lakhs). The auditor (Dassani & Associates LLP) flagged two emphasis-of-matter items: a pending demerger of the Generation Business into EKI One Community Projects Limited (NCLT-ordered shareholder/creditor meeting yet to be held) and a sub-judice matter before MCA stemming from the previous auditor's Rule 13 report for FY23.
Sharp revenue contraction and a swing to consolidated losses in H1 FY26 point to significant business slowdown, likely weighing on near-term sentiment. The pending demerger remains a key catalyst to watch, as its approval could materially restructure the company's business mix.