EKI Energy Services Reports Positive Financial Performance in Q1 FY25

EKI Energy Services, a smallcap company in the capital goods industry, has recently announced its financial results for the quarter ending June 2024. The results have been declared on July 23, 2024.

According to MarketsMOJO, a leading financial analysis platform, the stock call for EKI Energy is currently ‘Strong Sell’. However, the company has shown positive financial performance in the quarter, with a significant improvement in its score from -16 to 8 in the last 3 months.

One of the key factors contributing to this improvement is the growth in net sales, which has increased by 170.6% to Rs 178.21 crore compared to the average net sales of the previous four quarters at Rs 65.85 crore. This indicates a very positive sales trend in the near term for the company.

Similarly, the profit after tax (PAT) has also shown a significant growth of 104.2% to Rs 1.31 crore compared to the average PAT of the previous four quarters at Rs -31.53 crore. This reflects a positive trend in the near term for the company’s profitability.

In addition, EKI Energy has also achieved its highest net sales and operating profit (PBDIT) in the last five quarters, indicating a positive trend in these areas. The company’s efficiency has also improved, as seen in the highest operating profit margin of 0.20% in the last five quarters.

Furthermore, the profit before tax (PBT) less other income has also shown a positive trend, with the highest value of Rs -3.16 crore in the last five quarters. This indicates that the company’s operations are generating higher profits.

Overall, EKI Energy’s financial performance in the quarter ending June 2024 has been positive, with an increase in net sales, profitability, and efficiency. The company has also created higher earnings for its shareholders, with the highest earnings per share (EPS) of Rs 0.48 in the last five quarters.