Small cap stock engaged in the business of providing carbon credit trading, carbon advisory services, carbon offsetting, climate change, and sustainability solutions jumped upto 16 percent in the day’s trade upon delivering robust Q1FY25 results.
Price Action
With a market capitalization of Rs. 1,048 Crores, the shares of EKI Energy Services Limited were trading at Rs. 380.50 per equity share, up 8 percent from the previous day’s close price of Rs. 351.70.
Q1Y25 Results
Its revenue from operations grew by 128.82 percent YoY from Rs. 77.88 Crores in Q1FY24 to Rs. 178.21 Crores in Q1FY25 and it grew by 182.69 percent QoQ from Rs. 63.04 Crores in Q4FY24 to Rs. 178.21 Crores in Q1FY25.
In the financial quarter Q1FY25 EKI Energy Services Limited generated a profit of Rs. 3.77 Lakh from a loss of Rs. 29.10 Crores in Q1FY24 and loss of Rs. 33.27 Crores in Q4FY24.
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About the Company
Eki Energy Services Limited is engaged in the business of providing carbon credit trading, carbon advisory services, carbon offsetting, climate change, and sustainability solutions. It has a global presence with 3500+ clients across 40+ countries and it has mobilised 200+Mn credits
It has a strong clientele base, with well-known international players like Shell, Total Energies, Siemens, Volkswagen, World Bank Group, Bitexco Group, Southern HydropowerJSC, Vitol, Halcom, and many others.
Its domestic and MNC clients with Indian presence include NTPC, NHPC, ONGC, Gail, Adani, Torrent Power, JSW, Hindustan Zinc, Marico, ABB, Monelez, UBS, Hitachi, Samsung, Decathlon, Bridgestone and many others.
Future Plans
Eki Energy Services Limited is Diversifying its credit supply base and continuing to strengthen quality and backward integration to strengthen access and for greater control of quality in project development.
Developing partnerships to provide enhanced capabilities like emission measurement, and footprinting through digital platforms.Launch of comprehensive solutions including advisory, offsets, financing, and compliance services
Commenced operations in power trading, which shall contribute substantially in growth of group. It is also planning to enter into PET recycling and other circular economy business models.
Eki Energy Services Limited expects the issuance of carbon credits from the community based projects which will have a positive impact on turnover and margin in upcoming quarters.
Written by: Bharath K.S
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