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Carbon price and recent movements in international Market. An analysis and implication for #Ekienergy
1. I will focus more on voluntary carbon market in this thread. The voluntary carbon market (nature based offset) is fallen more than 71% YTD.
The catch : In last few days it witnessed a sudden spike in the Carbon prices. Price has peen up by over 16%.
The catch : In last few days it witnessed a sudden spike in the Carbon prices. Price has peen up by over 16%.
2. Below chart shows a surge in the demand for nature based carbon offset and thereby current price rising to 1.29
#EKIEnergy
#Redflag
The latest Q3 Results of EKI Energy has uncovered a dark truth : non-compliance with IndAS 115, Revenue Recognition.
Auditor Walker Chandiok (Grant Thornton) today issued a qualified report.
Is this just the tip of the iceberg?
Like & share for max reach!
#Redflag
The latest Q3 Results of EKI Energy has uncovered a dark truth : non-compliance with IndAS 115, Revenue Recognition.
Auditor Walker Chandiok (Grant Thornton) today issued a qualified report.
Is this just the tip of the iceberg?
Like & share for max reach!
Reported Figures for 9M-
Revenue - 1384 Cr
PBT - 347 Cr
PAT - 260 Cr
As per Auditor -
Revenue - 1194 Cr (-14%)
PBT - 237 Cr (-32%)
PAT - 177 Cr (-32%)
Generally company also have Concall post results,this time there is no mention of concall.
Revenue - 1384 Cr
PBT - 347 Cr
PAT - 260 Cr
As per Auditor -
Revenue - 1194 Cr (-14%)
PBT - 237 Cr (-32%)
PAT - 177 Cr (-32%)
Generally company also have Concall post results,this time there is no mention of concall.
Dark clouds of doubt now loom over the previous auditor D.N. Jhamb, who issued unqualified report in Sep-22, and resigned on 8-Dec-22 citing reasons of pre-occupation.
Now the bigger question is whether revenue recognised in earlier years are as per IndAS requirements or not?
Now the bigger question is whether revenue recognised in earlier years are as per IndAS requirements or not?
About -
EKI Energy Services Ltd. is an Indian company founded in May 2011 provides climate change advisory & support to companies in the country & across the world. Its services include climate change advisory, carbon offsetting, business excellence advisory & training Svcs.
EKI Energy Services Ltd. is an Indian company founded in May 2011 provides climate change advisory & support to companies in the country & across the world. Its services include climate change advisory, carbon offsetting, business excellence advisory & training Svcs.
Global Presence -
EKI has been earning 52% from Europe, 27% from USA, 12% from India, 7% from Australia & 2% from rest of the world.
EKI is working with leading brands & leaders
across the world.
EKI has been earning 52% from Europe, 27% from USA, 12% from India, 7% from Australia & 2% from rest of the world.
EKI is working with leading brands & leaders
across the world.
