Integrated Filing — IndAS



General information about company

Scrip Code 532219
NSE Symbol ENERGYDEV
MSEI Symbol NOTLISTED
ISIN INE306C01019
Name of company ENERGY DEVELOPMENT COMPANY LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2024
Date of end of financial year 31-03-2025
Date of board meeting when results were approved 28-05-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-05-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 28-05-2025   13:30:00
End date and time of board meeting 28-05-2025   18:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2025 01-04-2024
B Date of end of reporting period 31-03-2025 31-03-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 281.94 3,276.21
Other income 72.59 178.74
Total income 354.53 3,454.95
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 191.92 487.19
(e) Finance costs 237.29 964.30
(f) Depreciation, depletion and amortisation expense 254.22 1,026.29
(f) Other Expenses
1 Other expenses 398.18 1,177.98
Total other expenses 398.18 1,177.98
Total expenses 1,081.61 3,655.76
3 Total profit before exceptional items and tax (727.08) (200.81)
4 Exceptional items 0.00 (7,614.60)
5 Total profit before tax (727.08) (7,815.41)
6 Tax expense
7 Current tax 1,235.02 1,235.02
8 Deferred tax 734.77 675.94
9 Total tax expenses 1,969.79 1,910.96
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (2,696.87) (9,726.37)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (2,696.87) (9,726.37)
17 Other comprehensive income net of taxes 6.15 3.57
18 Total Comprehensive Income for the period (2,690.72) (9,722.80)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (2,696.87) (9,726.37)
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 6.15 3.57
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 4,750.00 4,750.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve (4,353.18)
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -5.68 -20.48
Diluted earnings (loss) per share from continuing operations -5.68 -20.48
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -5.68 -20.48
Diluted earnings (loss) per share from continuing and discontinued operations -5.68 -20.48
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2024
Date of end of reporting period 31-03-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 13,037.26
Capital work-in-progress 439.33
Investment property 0.00
Goodwill 0.00
Other intangible assets 52.07
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other non current financial asset 523.21
Total of other non-current financial assets 523.21
Total non-current financial assets 523.21
Deferred tax assets (net) 948.12
Other non-current assets
1 Other non-current assets 618.74
Total of other non-current assets 618.74
Total non-current assets 15,618.73
2 Current assets
Inventories 79.50
Current financial asset
Current investments 0.00
Trade receivables, current 786.70
Cash and cash equivalents 42.66
Bank balance other than cash and cash equivalents 1,553.63
Loans, current 587.84
Other current financial assets
Total of other current financial assets 229.09
Total current financial assets 3,199.92
Current tax assets (net) 0.00
Other current assets
1 Other current assets 256.32
Total of other current assets 256.32
Total current assets 3,535.74
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 19,154.47
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 4,750.00
Other equity (4,353.18)
Total equity attributable to owners of parent 396.82
Non controlling interest (661.16)
Total equity (264.34)
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 8,405.50
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Other non current financial liabilities 10.42
Total of other non-current financial liabilities 10.42
Total non-current financial liabilities 8,415.92
Provisions, non-current 56.98
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 8,472.90
Current liabilities
Current financial liabilities
Borrowings, current 6,239.64
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,405.39
Total Trade payable 1,405.39
Other current financial liabilities
1 Other current financial liabilities 2,800.92
Total of other current financial liabilities 2,800.92
Total current financial liabilities 10,445.95
Other current liabilities 499.75
1 Other current liabilities 499.75
Total of other current liabilities 499.75
Provisions, current 0.21
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 10,945.91
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 19,418.81
Total equity and liabilites 19,154.47
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2025 01-04-2024
Date of end of reporting period 31-03-2025 31-03-2025
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Generating division 0.0028194 3,276.21
2 Contract division 0.00 0.00
3 Trading division 0.00 0.00
Total Segment Revenue 281.94 3,276.21
Less: Inter segment revenue 0.00 0.00
Revenue from operations 281.94 3,276.21
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Generating division (259.53) 1,289.59
2 Contract division (7.71) (25.32)
3 Trading division 0.23 (2,691.27)
Total Profit before tax (267.01) (1,427.00)
i. Finance cost 237.29 964.30
ii. Other Unallocable Expenditure net off Unallocable income 222.78 5,424.11
Profit before tax (727.08) (7,815.41)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Generating division 15,911.18 15,911.18
2 Contract division 954.62 954.62
3 Trading division 0.00 0.00
Total Segment Asset 16,865.80 16,865.80
Un-allocable Assets 2,288.67 2,288.67
Net Segment Asset 19,154.47 19,154.47
4 Segment Liabilities
Segment Liabilities
1 Generating division 12,261.95 12,261.95
2 Contract division 728.21 728.21
3 Trading division 473.99 473.99
Total Segment Liabilities 13,464.15 13,464.15
Un-allocable Liabilities 5,954.66 5,954.66
Net Segment Liabilities 19,418.81 19,418.81
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2025 01-04-2024
B Date of end of reporting period 31-03-2025 31-03-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Itmes that will not be reclassified to profit or loss 8.31 4.82
Total Amount of items that will not be reclassified to profit and loss 8.31 4.82
2 Income tax relating to items that will not be reclassified to profit or loss 2.16 1.25
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 6.15 3.57



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2024
B Date of end of reporting period 31-03-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (7,815.41)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 964.30
Adjustments for decrease (increase) in inventories (10.38)
Adjustments for decrease (increase) in trade receivables, current 496.15
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 173.91
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (57.53)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,026.29
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 142.36
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (36.37)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 2,414.01
Net cash flows from (used in) operations (5,401.40)
Dividends received 0.00
Interest paid 16.01
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 7,614.60
Net cash flows from (used in) operating activities 2,197.19
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 457.62
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 111.55
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 9.03
Net cash flows from (used in) investing activities (337.04)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 525.66
Payments of lease liabilities 1.92
Dividends paid 0.00
Interest paid 1,524.65
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (2,052.23)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (192.08)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (192.08)
Cash and cash equivalents cash flow statement at beginning of period 232.35
Cash and cash equivalents cash flow statement at end of period 40.27





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Adverse opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 A L P S & Co Yes 31-07-2027


Financial details

Amount in (Lakhs)

Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 3,454.95 3,454.95
2 Total Expenditure 11,270.36 13,308.33
3 Net Profit/(Loss) (9,726.37) (11,764.34)
4 Earnings Per Share -20.48 -24.77
5 Total Assets 19,154.47 17,756.94
6 Total Liabilities 19,418.81 20,059.25
7 Net Worth (264.34) (2,302.31)


Audit qualification

Amount in (Lakhs)

Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Adverse opinion Since how long continuing Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)
2 Textual Information(6) Adverse opinion Since how long continuing Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)
3 Textual Information(11) Adverse opinion Since how long continuing Textual Information(12) Textual Information(13) Textual Information(14) Textual Information(15)
4 Textual Information(16) Adverse opinion Since how long continuing Textual Information(17) Textual Information(18) Textual Information(19) Textual Information(20)
5 Textual Information(21) Adverse opinion Since how long continuing Textual Information(22) Textual Information(23) Textual Information(24) Textual Information(25)
6 Textual Information(26) Adverse opinion Since how long continuing Textual Information(27) Textual Information(28) Textual Information(29) Textual Information(30)
7 Textual Information(31) Adverse opinion Since how long continuing Textual Information(32) Textual Information(33) Textual Information(34) Textual Information(35)


Text Block

Textual Information(1) Attention has been drawn by the Auditor in the Basis for Adverse Opinion para to the following notes of the financial results for the quarter and year ended 31st March 2025- n nNote 3 regarding non-consolidation of financial results of two subsidiary companies viz, Eastern Ramganga Valley Hydel Projects Company Private Limited and Sarju Valley Hydel Projects Company Private Limited and associate company namely Arunachal Hydro Power Limited since financial results/ statements of these companies from the year ended 31st March, 2023 onwards are not available. Impact in this respect are presently not ascertainable and as such cannot be commented upon by us n
Textual Information(2) Not Applicable
Textual Information(3) Not Applicable
Textual Information(4) Impact will be ascertainable only on receipt of Board approved financial statements and audited thereof of said subsidiary and associate companies.
Textual Information(5) As stated herein above, the impact with respect to above and consequential adjustments cannot be ascertained by the management and as such cannot be commented upon by us.
Textual Information(6) Attention has been drawn by the Auditor in the Basis for Adverse Opinion para to the following notes of the financial results for the quarter year ended 31st March 2025- n nNote 9(b) regarding impairment in the value of investments aggregating to Rs. 5,600.00 lakhs in two of the wholly owned subsidiaries of the Company. Impact in this respect has not been ascertained by the management and recognized in the standalone financial results. n
Textual Information(7) Pending determination of the outcome of the recovery of the above amounts, no provision against the same have been considered necessary.
Textual Information(8) Not Applicable
Textual Information(9) Not Applicable
Textual Information(10) Not Applicable
Textual Information(11) Attention has been drawn by the Auditor in the Basis for Adverse Opinion para to the following notes of the financial results for the quarter and year ended 31st March 2025- n nNote 10 regarding payment of remuneration amounting to Rs. 40.20 lakhs to a director of the Parent Company, being shown as recoverable as stated in the said note. n
Textual Information(12) Not Applicable
Textual Information(13) Not Applicable
Textual Information(14) The above amount, pending necessary approvals, being held in trust, has been included under Other financial assets- current in Note 1 Statement of Audited Consolidated Assets and Liabilities.
Textual Information(15) Impact in this respect has not been ascertained by the management and as such cannot be commented upon by us.
Textual Information(16) Attention has been drawn by the Auditor in the Basis for Adverse Opinion para to the following notes of the financial results for the quarter and year ended 31st March 2025- n nNote 11 regarding non-provision of interest of Rs. 640.44 lakhs, pending finalization of terms and conditions, in respect of loan of Rs. 2,000.00 lakhs taken from a body corporate by a subsidiary company. In the absence of the provision thereagainst, the loss for the year is understated to that extent. n
Textual Information(17) Impact will become ascertainable on finalisation of terms and conditions of loan
Textual Information(18) Not Applicable
Textual Information(19) Not Applicable
Textual Information(20) Not Applicable
Textual Information(21) Attention has been drawn by the Auditor in the Basis for Adverse Opinion para to the following notes of the financial results for the quarter and year ended 31st March 2025- n nNote 12 regarding non-reconciliation of certain debit and credit balances including loans, advances, creditors, with confirmation thereof. n
Textual Information(22) Not Applicable
Textual Information(23) Not Applicable
Textual Information(24) Impact will become ascertainable only upon reconciliations and confirmations
Textual Information(25) Impact in this respect has not been ascertained by the management and as such cannot be commented upon by us
Textual Information(26) Attention has been drawn by the Auditor in the Basis for Adverse Opinion para to the following notes of the financial results for the quarter and year ended 31st March 2025- n nNote 13(a) regarding demand notices aggregating to Rs. 18,817.47 lakhs pertaining to the Income Tax Assessment Order for Assessment Years 2011-2012 to 2020-2021 and the stay of demand pursuant to application filed by the Parent Company. The Parent Company has preferred necessary appeals before the Commissioner of Income Tax (Appeals). Pending determination of the amount payable in this respect, consequential impact is presently not ascertainable. n
Textual Information(27) Not Applicable
Textual Information(28) Not Applicable
Textual Information(29) As per the legal and professional advice received, the allegations and contentions made by the Income Tax Authorities are legally not tenable and no liability as such is expected to arise in this respect. Matter being pending in appeal, impact in this respect as such are not determinable.
Textual Information(30) Impact in this respect has not been ascertained by the management and as such cannot be commented upon by us
Textual Information(31) Attention has been drawn by the Auditor in the Basis for Adverse Opinion para to the following notes of the financial results for the quarter and year ended 31st March 2025- n nNote 13(c) regarding receipt of demand notices aggregating to Rs. 4,285.09 lakhs and Rs. 59.10 lakhs in two subsidiary companies viz, EDCL Power Projects Limited and Ayyappa Hydro Power Limited respectively. The management of respective subsidiary companies have preferred necessary appeals before the Commissioner of Income Tax (Appeals). Pending determination of the amount payable in this respect, consequential impact is presently not ascertainable. n
Textual Information(32) Not Applicable
Textual Information(33) Not Applicable
Textual Information(34) As per the legal and professional advice received, the allegations and contentions made by the Income Tax Authorities are legally not tenable and no liability as such is expected to arise in this respect. Matter being pending in appeal, impact in this respect as such are not determinable
Textual Information(35) Impact in this respect has not been ascertained by the management and as such cannot be commented upon by us


Signatories detail

Name of CEO / Managing director Satyendra Pal Singh
Name of CFO Prabir Goswami
Name of audit committee chairman Aman Jain
Name of statutory auditor A. K. Khetawat
Name of other signatory, if any, with designation
Place Kolkata
Date 28-05-2025