The shares of EKI Energy Services suffered a deep cut on Monday after the company declared its quarterly results. Its shares hit the 20% lower circuit and were locked at ₹ 877.75 apiece, at their 52-week low.
EKI Energy Services Limited (EKI), is a leading developer and supplier of carbon credits across the globe. It is engaged in the business of climate change & sustainability advisory and carbon offsetting, along with business excellence services.
The company posted a consolidated net profit of ₹ 45.20 crores for the quarter that ended on December 31, 2022, however, it did not provide the net profit figure for the corresponding quarter of the previous fiscal.
On a standalone basis, its profit after tax (PAT) decreased by 76.34% to ₹ 38.10 crores in the October to December quarter of 2022, against ₹ 161.00 crores in the corresponding quarter of 2021. Its revenue decreased to ₹ 406.6 crores in the latest quarter from ₹ 687.8 crores in the corresponding quarter of 2021.
The company has a market capitalization of 3018 crores and is a small-cap company. It has an excellent return on equity of 176.46% and an ideal debt-to-equity ratio of 0.01. In addition, it has a dividend yield of 0.47%.
Written by Simran Bafna
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