Amalgamated Electricity Company Ltd Approves Unaudited Financial Results for Quarter Ending June 30, 2026
Amalgamated Electricity Company Limited announced the outcome of its Board of Directors meeting held on August 10, 2026. During the meeting, the company approved the unaudited financial results for the quarter ended June 30, 2026. The Board also considered other routine business matters as permitted by the chair.The review of the unaudited financial statements was conducted by Vatsaraj & Co., Chartered Accountants. This statement adheres to the recognition and measurement principles set forth in Indian Accounting Standard 34 (Ind AS 34).
Independent Auditor's Review Highlights
Based on their review, nothing came to the attention of the auditors that caused them to believe that the accompanying Statement contained any material misstatement, as it was prepared according to applicable Indian Accounting Standards and general accounting practices accepted in India.A key disclosure from the audit report concerns Going Concern. The accounts were prepared on the assumption that the company is a going concern, despite total liabilities exceeding total assets by Rs 93.47 lakhs. The auditor noted that the ability of the company to continue operating as a going concern is largely dependent upon future operations and the availability of substantial financial support.
Financial Performance Snapshot
The unaudited financial results for the quarter ended June 30, 2026, along with comparative figures for the previous periods, are provided below:| PARTICULARS | Q Ended 30-06-2026 (Unaudited) | Q Ended 31-03-2026 (Audited) | Q Ended 30-06-2025 (Unaudited) | Y Ended 31-03-2026 (Audited) |
|---|---|---|---|---|
| Total Income | 0.51 | 0.37 | - | 1.62 |
| Other Income | 0.51 | 0.37 | - | 1.62 |
| Total Expenses | 21.21 | 8.41 | 5.35 | 35.11 |
| Finance Cost | 1.18 | 0.44 | - | 0.56 |
| Depreciation and Amortisation Expense | 2.76 | - | - | - |
| Other Expenses | 17.27 | 7.97 | 5.35 | 34.55 |
| Profit/(Loss) before Tax | (20.69) | (8.04) | (-5.35) | (-33.49) |
| Total Comprehensive Income for the Period | (20.69) | (8.04) | (-5.35) | (-33.49) |
| Earnings Per Share (EPS) | (0.75) | (0.29) | (0.19) | (-1.21) |
The unaudited results, reviewed by the Audit Committee, were approved and taken on record by the Board of Directors during their meeting on August 10, 2026.
Regarding investor relations, the company reported Nil investor complaints pending at the beginning of the quarter. During the quarter, zero investor complaints were received, with nil outstanding at the end of the quarter.
Stock Price Movement
As of 10:14, Amalgamated Electricity Company Ltd is tracking lower at ₹144.10, having shed ₹1.45 or 1% in today's trading. The shares are currently locked and showing completely flat movement as the intraday high and low both stand at ₹144.1.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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