Energy Development Company Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
ENERGYDEV · price
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Awaiting price reaction for this filing.
EDCL reported its Q3 FY26 results. Standalone revenue from operations fell sharply to Rs. 362.96 lakhs in Q3 FY26 from Rs. 1,149.71 lakhs in Q3 FY25, though 9M FY26 revenue rose to Rs. 1,867.93 lakhs from Rs. 1,130.17 lakhs. Consolidated 9M FY26 revenue grew about 40% to Rs. 4,208.81 lakhs. The company swung to a consolidated profit after tax of Rs. 1,351.26 lakhs for 9M FY26 versus a Rs. 7,029.50 lakh loss a year ago. An exceptional charge of Rs. 122.59 lakhs was booked for full provisioning against a wholly-owned subsidiary (EDCL Arunachal Hydro Project). The statutory auditor ALPS & Co. issued a modified conclusion on the standalone results and an adverse conclusion on the consolidated results.
Despite the headline return to profit, the adverse auditor opinion, negative consolidated other equity of Rs. 4,353.18 lakhs, Rs. 18,817.47 lakhs of income tax demands pending appeal, and two subsidiaries with eroded net worth signal serious financial distress. Shareholders should view the profit turnaround with caution as it depends heavily on non-recurring items and does not address deep structural issues.