Standalone Financial Performance (Amounts in ₹ lakhs)
Quarter Ended June 30, 2026:
- Revenue from operations: ₹888.10
- Total income: ₹1,328.93
- Total expenses: ₹2,977.25
- Profit before tax: (₹1,648.32) loss
- Tax expense: (₹116.84) credit
- Profit for the period: (₹1,531.48) loss
- Other comprehensive income: ₹0
- Total comprehensive income: (₹1,531.48) loss
- Paid-up equity share capital: ₹2,768.68 (face value ₹10 each)
- Earnings per share (EPS): Basic (₹5.53), Diluted (₹5.53)
Comparative Performance:
- Q1 FY2026 (June 30, 2025): Revenue ₹1,473.05, Profit (₹100.73) loss, EPS (₹0.01)
- Q4 FY2026 (March 31, 2026): Revenue ₹1,847.40, Profit (₹797.29) loss, EPS (₹2.76)
Segment Performance (Standalone)
The company operates in two reportable segments:
Trading Segment (Q1 FY2027):
- Revenue: ₹882.81
- Segment result: (₹1,473.06) loss
- Capital employed: ₹24,719.83
Generation Segment (Q1 FY2027):
- Revenue: ₹5.29
- Segment result: (₹614.80) loss
- Capital employed: ₹15,593.93
Both segments showed significant deterioration compared to Q1 FY2026, where Trading revenue was ₹1,379.73 with (₹347.87) loss, and Generation revenue was ₹93.32 with (₹391.07) loss.
Consolidated Financial Performance (Amounts in ₹ lakhs)
Quarter Ended June 30, 2026:
- Revenue from operations: ₹1,045.97
- Other income: ₹427.04
- Total income: ₹1,473.01
- Total expenses: ₹3,177.94
- Profit before tax: (₹1,704.93) loss
- Share of loss from associates: (₹4.73)
- Total profit before tax: (₹1,709.66) loss
- Tax expense: (₹116.84) credit
- Profit for the period: (₹1,592.82) loss
- Total comprehensive income: (₹1,592.82) loss
- Net profit attributable to equity holders: (₹1,579.92)
- Earnings per share (EPS): Basic (₹5.75), Diluted (₹5.75)
Key Notes and Emphasis Matters
Inventory Valuation Uncertainty:
The valuation of inventory, particularly carbon credits, involves significant judgment. Inventory includes Certified Emission Reductions (CERs) under the CDM registry. Pursuant to CMP 20 decision of November 2025, the Clean Development Mechanism is being phased down:
- Submission of requests for issuance of CERs discontinued from June 30, 2026
- All transactions in CDM registry will cease on December 31, 2026
- CERs remaining without payment will be administratively cancelled on July 1, 2027
Management is conducting batch-wise assessment of eligibility and realisability of CER holdings and pursuing monetization within UNFCCC timelines. No adjustment has been made to carrying value pending these assessments. Any write-down will be recognized in the period when assessments conclude.
Pending Demerger:
The board on February 10, 2025, approved a scheme of arrangement for demerger of the Generation Business Segment to EKI One Community Projects Limited, effective January 1, 2025. The Hon'ble National Company Law Tribunal, Indore Bench, directed meetings of shareholders and creditors on September 11, 2025. The company has received 'no adverse observations' from BSE Limited and approvals from shareholders and creditors. The transaction remains subject to statutory and regulatory approvals, including NCLT. These financial results have been prepared without considering the effect of the proposed demerger.
Subsidiaries and Associates:
The consolidated results include eight subsidiaries: Amrut Nature Solutions Private Limited, GHG Reduction Technologies Private Limited, Enking International Foundation, Enking International PTE Limited, EKI Sustainability Services Private Limited, EKI One Community Projects Limited, EKI Community Development Foundation, and EKI Green Gas Solutions Private Limited. One associate, WOCE Solutions Private Limited, is also included.
Auditor's Review
Dassani & Associates LLP issued a limited review report with an Emphasis of Matter regarding the inventory valuation uncertainty and the pending demerger scheme. Their conclusion states that based on their review, nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.