Latest news about Energy Development Company
Energy Development Company Reports Q1 Profit Amid Increased Power Generation Aug 05, 2025
Energy Development Company Limited (EDCL) posted a consolidated profit of ₹164.68 lakhs in Q1, reversing a loss from the previous year. Revenue increased to ₹1,028.55 lakhs, with power generation rising to 27.89 million units. The generating division showed improved segment results of ₹490.85 lakhs. Standalone results included a reduced net loss of ₹172.61 lakhs and increased revenue. Auditors raised concerns about non-consolidation of certain subsidiaries, doubtful recoveries, and pending tax matters. Management has filed appeals against tax demands and expects no liability.