Friday, January 23
Shares of EKI Energy Services were trading nearly 2% lower on Friday, January 23, after the company reported weak financial performance for the December quarter.
EKI Energy Services disclosed a consolidated net loss of Rs 4.62 crore for the quarter ended December 2025, reversing a net profit of Rs 1.53 crore recorded in the corresponding quarter last year. The decline in profitability was primarily attributed to a sharp drop in revenue on a year-on-year basis, according to the company’s regulatory filing.
The company’s December quarter performance reflected a significant contraction in business activity, with revenue declining 75% year-on-year, impacting operating profitability. As a result, EKI Energy reported an EBITDA loss for the quarter, compared with an EBITDA profit in the year-ago period.
Alongside the financial results, the company informed exchanges that its board has approved the acquisition of the remaining 14.11% equity stake in GHG Reduction Technologies for Rs 60.50 lakh. Following the transaction, GHG Reduction Technologies will become a wholly owned subsidiary of EKI Energy Services. The subsidiary is engaged in manufacturing and biomass-related activities.
Despite the acquisition announcement, the market reaction on Friday remained focused on the company’s quarterly financial performance, particularly the swing to losses and the steep decline in revenue.
As of the latest trade, EKI Energy Services shares were quoted at around Rs 92, down nearly 2% on the BSE.
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