Key Events This Week
May 25: Stock opens at Rs.16.91, declines 1.97% amid strong Sensex rally
May 26: Stock rebounds 1.95% to Rs.17.24 despite Sensex dip
May 27: Stock slips 1.22% to Rs.17.03 as Sensex gains 0.31%
May 29: Quarterly results released; stock plunges 4.35% to Rs.16.29 on heavy volume
Are Energy Development Company Ltd latest results good or bad?
2026-05-30 19:37:19Energy Development Company Ltd's latest results for the quarter ending March 2026 reflect significant operational challenges. The company reported a year-on-year revenue growth of 47.87%, with net sales reaching ₹4.17 crores, compared to ₹2.82 crores in the same quarter last year. However, this growth is overshadowed by a sharp sequential revenue decline of 62.57% from the previous quarter, indicating the highly seasonal and volatile nature of its hydro power generation business. The company's net profit for the quarter was a loss of ₹13.76 crores, marking a substantial deterioration from a profit of ₹1.30 crores in the prior quarter. This resulted in a negative PAT margin of 329.98%, a stark contrast to the positive margin of 11.67% reported previously. The operating profit margin, excluding other income, also turned negative at -4.32%, down from a robust 55.30% in the last quarter, highlighting the sever...
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Energy Development Company Q4 FY26: Losses Deepen Amid Volatile Quarterly Performance
2026-05-29 19:30:57Energy Development Company Ltd., the Karnataka-based mini hydro electric power generator, reported a consolidated net loss of ₹13.76 crores for the quarter ended March 2026 (Q4 FY26), marking a dramatic reversal from the ₹1.30 crores profit recorded in the previous quarter. The loss represents a staggering sequential decline of 1,158.46% quarter-on-quarter and a 48.98% deterioration year-on-year compared to the ₹26.97 crores loss in Q4 FY25. Following the results announcement, the stock declined 4.35% to close at ₹16.29 on May 29, 2026, reflecting investor concerns about the company's erratic financial performance.
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