EKI Energy Reports Total Revenue Of Rs 193 Crore In June Quarter

EKI Energy reported total revenue of Rs 193 crore in the first quarter of the current fiscal, mostly driven by higher demand and improved pricing of carbon credits.

Shares of EKI Energy gained five per cent to touch a 52-week high of Rs 18,14 on Friday, August 20, after the climate sustainability company announced its April-June quarter results for the financial year 2021-22. EKI Energy reported total revenue of Rs 193 crore in the first quarter of the current fiscal, mostly driven by higher demand and improved pricing of carbon credits. The company's net profit in the June quarter stood at Rs 36 crore, having margins of 18.5 per cent, while its profit for the fiscal year 2020-21 stood at Rs 19 crore, according to a regulatory filing by the company to the stock exchanges. ''During Q1 FY2022, we continued to build upon the strong growth momentum of the previous year and delivered another quarter of stellar performance. These strong numbers are driven by increasing market awareness for net zero emissions, increased demand from major markets especially from America and European countries and improved pricing of carbon credits,'' said Mr. Manish Dabkara, Chairman and Managing Director, EKI Energy. As part of our ongoing business expansion and entering into new geographies, during the quarter