EKI Energy Services has expanded its global plastic and circular economy efforts with the launch of its first Verra-registered plastic initiative in Bangladesh. The development marks a significant step in the company's growing sustainability portfolio, extending its reach into plastic credit and circular economy solutions on an international scale.

Expanding into plastic credits and circular economy

The initiative represents Eki Energy Services' entry into the Verra-registered plastic credits space, a framework that provides verified standards for plastic waste reduction and circular economy projects. By registering its first plastic initiative under the Verra registry in Bangladesh, the company broadens its environmental services beyond carbon markets into the emerging plastic credit ecosystem.

The project is registered under Verra’s Plastic Waste Reduction Standard, a global framework established to support plastic waste collection and recycling activities while developing credible environmental markets for waste reduction. For EKI, this milestone reinforces its strategy of providing solutions that address climate change alongside broader environmental challenges.

Strategic significance of the Bangladesh initiative

Bangladesh, as the location for this first Verra-registered plastic initiative, positions Eki Energy Services within a region where plastic waste management and circular economy interventions carry considerable environmental relevance. The Verra registration lends credibility and international recognition to the initiative, aligning it with globally accepted standards for plastic waste reduction projects.

This initiative represents a strategic expansion into a major South Asian market. Through the project, EKI aims to implement structured approaches to plastic waste recovery, contributing to the development of more circular material flows. By adhering to Verra's rigorous monitoring, verification and certification processes, the project will generate Plastic Credits that help increase the collection of waste and the availability of recycled plastic feedstock, preventing valuable materials from entering landfills or leaking into the environment.

Manish Dabkara, Chairman and Managing Director of EKI Energy Services Limited, said: “The registration of our first plastic project in Bangladesh is an important milestone in EKI's journey of expanding environmental solutions across geographies. Plastic waste is a global challenge that requires structured systems for collection, recovery and recycling, supported by credible environmental markets. Our experience in developing a plastic project in India gave us valuable insight into the potential of this sector. Taking that experience into Bangladesh strengthens our ability to support the development of circular economy solutions while creating new opportunities for environmental finance.”

Eki Energy Services reported a widening net loss for the first quarter of FY27, signaling continued operational headwinds as revenue contracted sharply. The company posted a standalone net loss of ₹1,531.48 lakh for the quarter ended June 30, 2026, more than doubling the net loss of ₹781.73 lakh recorded in the preceding quarter (Q4FY26). On a consolidated basis, the net loss stood at ₹1,592.82 lakh, compared to ₹779.49 lakh in the previous period. This deterioration in profitability underscores the financial pressure on the energy services provider as it navigates a challenging business environment.

The decline in earnings was driven by a significant drop in top-line growth. Standalone total income from operations fell to ₹888.10 lakh in Q1FY27, a sharp decrease from ₹1,847.40 lakh in Q4FY26. Similarly, consolidated income from operations dropped to ₹1,045.97 lakh from ₹1,975.37 lakh in the prior quarter. The year-over-year comparison reveals an even starker contrast, with standalone income down from ₹1,473.05 lakh in Q1FY26. The earnings per share (EPS) for equity shares reflected this downturn, showing a basic and diluted EPS of (₹5.53) for the standalone entity, compared to (₹2.76) in the previous quarter.

Financial Performance Overview

The unaudited financial results, filed pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provide a detailed view of the company’s fiscal position. The following table highlights the key financial metrics for the quarter ended June 30, 2026, alongside comparative figures from the immediate past quarter and the corresponding period last year.

What the Numbers Show

The divergence between the current quarter’s performance and the same period last year is notable. In Q1FY26, the company reported a marginal standalone net profit of ₹3.93 lakh, whereas it now faces a substantial loss of ₹1,531.48 lakh. This shift indicates a reversal from near-breakeven operations to significant losses within a year. Furthermore, the consolidated net loss after tax has widened considerably compared to both the previous quarter and the prior year, suggesting that the challenges are pervasive across the group structure rather than isolated to specific segments. The equity share capital remained stable at ₹2,768.68 lakh, indicating no new capital raises or buybacks during the period.

The results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 10, 2026, at Indore, Madhya Pradesh. Pooja Jorway, Whole Time Director and Chief Financial Officer, certified the financial statements. The full format of the quarterly results is available on the BSE website and the company’s official portal, www.enkingint.org . Investors should note that these are unaudited standalone and consolidated figures, subject to final audit verification.