loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Everest Kanto Cylinder Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Everest Kanto Cylinder Ltd. 17 Nov 2025 12:56 PM
Result PDF

Q2FY26 Quarterly Result Announced for Everest Kanto Cylinder Ltd.

Industrial Products company Everest Kanto Cylinder announced Q2FY26 results

  • Income from operations: Rs 360.4 crore against Rs 367.3 crore during Q2FY25.
  • EBITDA: Rs 42.9 crore against Rs 53.1 crore during Q2FY25.
  • EBITDA Margin: 11.9% for Q2FY26.
  • PBT: Rs 32.2 crore against Rs 44.6 crore during Q2FY25.
  • PAT: Rs 13.7 crore against Rs 38.6 crore during Q2FY25.
  • PAT Margin: 3.8% for Q2FY26.

Pushkar Khurana, Chairman & Executive Director, & Puneet Khurana, Managing Director, said: “We reported a steady performance in Q2. In our CNG segment, demand in India was temporarily affected by the GST transition within our end-user automotive industry, resulting in a short-term impact on domestic volumes. Activity has since normalised as the industry moved into October, and underlying demand indicators remain supportive. Our Industrials business continued to perform in line with expectations.

In our US operations, quarterly trends reflected the order-driven nature of the business. While dispatches during the quarter were lower, the segment remains healthy on an H1 basis, and the outlook for the region in the second half remains strong, supported by a robust order book. Our operations in the Middle East also showed early signs of improvement during the quarter.

On the expansion front, we are progressing well with our new facilities at Mundra and Egypt. The Egypt plant is preparing to begin trial production shortly, and construction at Mundra continues to advance as planned. Both facilities remain on track and will significantly enhance our manufacturing capabilities in the coming year, enabling us to better serve domestic and international markets.

With growing opportunities across clean energy and industrial applications, coupled with greater visibility in our order pipeline, we remain confident about our future growth prospects. Our efforts remain centred on advancing our capabilities, improving operating efficiency, supporting customers across domestic and international markets, and strengthening our leadership position in India.”

Result PDF

Result PDF

Industrial Products company Everest Kanto Cylinder announced Q4FY25 & FY25 results

Consolidated Q4FY25 Financial Highlights:

  • Income from operations: Rs 422.1 crore, a 29.5% increase compared to Rs 325.8 crore in Q4FY24.
  • EBITDA: Rs 37.9 crore, a 23.2% increase compared to Rs 30.8 crore in Q4FY24.
  • EBITDA Margin (%): 9.0%, a decrease of 47 bps compared to 9.4% in Q4FY24.
  • Profit Before Tax: Rs 25.7 crore, a 37.3% increase compared to Rs 18.7 crore in Q4FY24.
  • PAT: Rs 13.3 crore, a 1.2% increase compared to Rs 13.1 crore in Q4FY24.

Consolidated FY25 Financial Highlights:

  • Income from operations: Rs 1,499.2 crore, a 22.6% increase compared to Rs 1,223.0 crore in FY24.
  • EBITDA: Rs 175.5 crore, a 9.4% increase compared to Rs 160.5 crore in FY24.
  • EBITDA Margin (%): 11.7%, a decrease of 141 bps compared to 13.1% in FY24.
  • Profit Before Tax: Rs 130.4 crore, an 8.4% increase compared to Rs 120.3 crore in FY24.
  • PAT: Rs 97.7 crore, a 0.1% increase compared to Rs 97.6 crore in FY24.

Standalone Q4FY25 Financial Highlights:

  • Income from operations: Rs 267.2 crore, a 23.1% increase compared to Rs 217.0 crore in Q4FY24.
  • EBITDA: Rs 23.6 crore, a 20.6% increase compared to Rs 19.6 crore in Q4FY24.
  • EBITDA Margin (%): 8.8%, a decrease of 18 bps compared to 9.0% in Q4FY24.
  • Profit Before Tax: Rs 16.5 crore, a 27.4% increase compared to Rs 13.0 crore in Q4FY24.
  • PAT: Rs 5.4 crore, a 35.5% decrease compared to Rs 8.4 crore in Q4FY24.

Standalone FY25 Financial Highlights:

  • Income from operations: Rs 946.2 crore, a 22.6% increase compared to Rs 771.5 crore in FY24.
  • EBITDA: Rs 100.6 crore, a 10.8% increase compared to Rs 90.8 crore in FY24.
  • EBITDA Margin (%): 10.6%, a decrease of 114 bps compared to 11.8% in FY24.
  • Profit Before Tax: Rs 80.7 crore, an 8.4% increase compared to Rs 74.5 crore in FY24.
  • PAT: Rs 53.3 crore, a 1.0% decrease compared to Rs 53.9 crore in FY24.

Commenting on the performance for the quarter, Pushkar Khurana, Chairman and Executive Director and Puneet Khurana, Managing Director, said in a joint statement: “We are pleased to report that FY2025 has been a year of strong growth and operational success for EKC. Consolidated revenues grew by 23% to Rs 1,499 crore, driven by healthy demand across both our domestic and US businesses. While realisations softened during the year, we maintained strong profitability with a PAT of Rs 98 crore, reflecting the resilience of our diversified portfolio and the strength of our execution across key geographies.

India’s CNG market has seen remarkable growth during the year, reflecting the growing preference for cleaner, cost-effective mobility solutions, particularly among price-sensitive consumers seeking environmentally friendly alternatives. The expansion of CNG infrastructure across the country is further accelerating adoption, supporting continued growth in both the passenger and commercial vehicle markets.

Our greenfield project in Egypt is progressing as planned and is expected to be completed by Q3FY26. The project is poised to play a pivotal role in supporting Egypt's national objectives of expanding CNG adoption. The government’s push to convert vehicles to CNG aligns perfectly with our goals, and we are committed to playing an integral part in meeting this growing demand.

Looking ahead, we remain committed to strengthening our leadership in high-pressure gas solutions. Our focus will continue to be on innovation, operational efficiency, and expanding our global footprint to drive long-term value for all stakeholders."

Result PDF

Industrial Products company Everest Kanto Cylinder announced Q2FY25 results

Standalone Financial Highlights:

  • Income from operations: Rs 238.8 crore compared to Rs 182.3 crore during Q2FY24.
  • EBITDA: Rs 22.2 crore compared to Rs 22.8 crore during Q2FY24.
  • EBITDA Margin: 9.3% for Q2FY25.
  • PBT: Rs 18.2 crore compared to Rs 17.9 crore during Q2FY24.
  • PBT Margin: 7.6% for Q2FY25.
  • PAT: Rs 13.4 crore compared to Rs 14.1 crore during Q2FY24.
  • PAT Margin: 5.6% for Q2FY25.

Consolidated Financial Highlights:

  • Income from operations: Rs 367.3 crore compared to Rs 299.3 crore during Q2FY24.
  • EBITDA: Rs 53.1 crore compared to Rs 41.3 crore during Q2FY24.
  • EBITDA Margin: 14.5% for Q2FY25.
  • PBT: Rs 44.6 crore compared to Rs 30.0 crore during Q2FY24.
  • PBT Margin: 12.1% for Q2FY25.
  • PAT: Rs 38.6 crore compared to Rs 26.3 crore during Q2FY24.
  • PAT Margin: 10.5% for Q2FY25.

Pushkar Khurana, Chairman, and Mr. Puneet Khurana, Managing Director, said: “We are pleased to report a strong performance in Q2 FY25, with notable contributions from our international markets. Our growth in EBITDA and PAT highlights the sustained demand for our products and the favorable global market environment.

In India, the outlook for seamless gas cylinders is encouraging. With strong governmental support for eco-friendly initiatives, including the promotion of natural gas and infrastructure development, the adoption of CNG vehicles is steadily increasing. The extensive rollout of the CNG distribution network across the country reinforces CNG's importance in India's transportation sector, boosting demand for seamless cylinders.

India's commitment to sustainable energy is reflected in private sector plans to establish multiple biomass-to-CNG plants. With CNG already recognized as a cleaner alternative to petrol and diesel, the increasing integration of bio-gas will make it an even more sustainable and accessible fuel choice. This development aligns with India’s green energy goals and its target of achieving net-zero emissions by 2070, positioning CNG as a future-ready fuel that meets the nation’s evolving energy needs while reducing dependency on imported fossil fuels.

Looking ahead, our advanced manufacturing facilities in Egypt and Mundra, India, are progressing as planned and are expected to be operational in upcoming quarters. With our established leadership position and a solid financial foundation, we are well-prepared to capitalize on these growth opportunities and sustain our momentum in the years to come."

Result PDF

Industrial Products company Everest Kanto Cylinder announced Q4FY24 & FY24 results:

  • EKC's revenue for FY24 stood at Rs 1,223.0 crore.
  • The company recorded an EBITDA of Rs 160.5 crore for FY24, with margins at 13.1%.
  • The company recorded an consolidated EBITDA of Rs 30.8 crore for Q4FY24, with margins at 9.4%.
  • Profit After Tax (PAT) reached Rs 97.6 crore in FY24.
  • The Board of Directors recommended a dividend of Rs 0.70 per share for FY24.

Commenting on the performance for the quarter, in a joint statement, Pushkar Khurana, Chairman, and Puneet Khurana, Managing Director, said “We have reported a stable operational and financial performance in FY24. Our overall consolidated results remain steady, with healthy sales volumes registered during the period under review. A sustained increase in demand across both domestic and international markets over the past few quarters has enabled us to achieve consistent performance this year. However, lower realizations witnessed in Q4 impacted our performance, leading to lower EBITDA margins.

We remain highly enthusiastic about the growth of seamless gas cylinders in India. The government's commitment to eco-friendly natural gas utilization, coupled with fiscal incentives and infrastructure development, creates a favorable environment for CNG vehicles. Significant investments are planned for the CNG sector over the next 5-6 years, with the number of CNG stations set to grow from ~6,350 to 17,500 by 2030, further driving the adoption of CNG vehicles.

Additionally, the National Green Hydrogen Mission aims to establish India as a global hub for green hydrogen, aligning with the global trend of reducing carbon emissions. The government’s ambitious plans to expand green hydrogen usage across sectors like transportation, industry, and energy storage, combined with the rising demand for hydrogen-related infrastructure, positions EKC to leverage its expertise and enhance its market presence in the growing hydrogen market.

We are witnessing healthy adoption of CV vehicles in both passenger and commercial segments. In the PV sector, we are actively working towards adding marquee customers during the upcoming fiscal year, while the CV segment is experiencing an uptick, a trend we expect to continue. Moving forward, we are committed to strengthening our market leadership, maximizing value for stakeholders, and driving significant contributions to the global shift towards cleaner energy solutions. EKC has positioned itself with substantial capacities and a robust balance sheet to seize growth opportunities and further solidify its leadership in the industry."

 

Result PDF

Industrial Products company Everest Kanto Cylinder announced Q1FY24 results:

  • Consolidated Q1FY24:
    • Income from operations of Rs 268.4 crore in Q1FY24 compared to Rs 380.5 crore in Q1FY23.
    • EBITDA of Rs 36.9 crore in Q1FY24 compared to Rs 60.5 crore in Q1FY23.
    • EBITDA Margin (%) of 13.7% in Q1FY24 compared to 15.9% in Q1FY23.
    • Profit Before Tax of Rs 28.5 crore in Q1FY24 compared to Rs 50.0 crore in Q1FY23.
    • PAT of Rs 21.8 crore in Q1FY24 compared to Rs 38.7 crore in Q1FY23.
  • Standalone Q1FY24:
    • Income from operations of Rs 165.7 crore in Q1FY24 compared to Rs 270.4 crore in Q1FY23
    • EBITDA of Rs 18.2 crore in Q1FY24 compared to Rs 49.6 crore in Q1FY23
    • EBITDA Margin (%) of 11% in Q1FY24 compared to 18.3% in Q1FY23
    • Profit Before Tax of Rs 14.7 crore in Q1FY24 compared to Rs 43.9 crore in Q1FY23
    • PAT of Rs 9.6 crore in Q1FY24 compared to Rs 35.0 crore in Q1FY23

Commenting on the performance for the quarter, in a joint statement, Pushkar Khurana, Chairman, and Puneet Khurana, Managing Director, said, “We began the fiscal year with challenges that have notably impacted our financial performance. Softening demand for our CNG cascades segment in the domestic market, and lower demand in international markets, led to a decline in sales volumes, consequently affecting our revenues and profitability in Q1FY24. Our consolidated sales stood at Rs 268 crore. Furthermore, our profitability was impacted owing to lower operating leverage.

Despite the hurdles, we maintain an optimistic outlook on the potential for CNG cylinders in India. The government's pledge to promote eco-friendly natural gas, along with fiscal incentives and adopting policies leading to structurally lower CNG prices, are commendable. Moreover, the ongoing expansion of the CNG distribution network throughout the nation signifies a strong commitment to a greener future.

As we move forward, we recognize the current market challenges impacting our business. Our team is focused on leveraging our core competencies and engaging with both domestic and international customers to drive our business. Building on our strength in the CV CNG market, our teams are also actively working on strategies to enhance our penetration in the PV markets. With a firm commitment to quality and customer satisfaction, we believe we are well positioned to capitalize on the future of the CNG vehicle market."

 

 

Result PDF

Industrial Products company Everest Kanto Cylinder announced Q1FY23 Result :

  • Consolidated Revenues up 13.6%
  • EBITDA Margin stood at 15.9%
  • Profit Before Tax stood at Rs. 38.7 crore
  • EPS up stood at Rs. 3.45
  • Debt reduced from Rs. 90.0 crore (March-21) to Rs. 42.5 crore (March-22)
  • USA business up 38.9% to Rs. 57.8 crore
  • UAE business up 0.4% to Rs. 51.9 crore
  • India business up 10.3% to Rs. 270 crore
  • Reported subdued performance during the quarter owing to muted QoQ demand as the Company witnessed customers notably de-stock their inventories
  • EBITDA margin stood at 15.9% in Q1 FY23
  • Standalone EBITDA margin stood at 18.4%
  • Lower revenues combined with cost escalations affected margins during Q1
  • PBT margin stood at 16.2% in Q1 FY23
  • While the demand for cylinders was soft during Q1, hope to see a rebound as the year progresses

 

Result PDF

Everest Kanto Cylinder announced Q4FY22 results:

  • Q4FY22:
    • Revenues at Rs. 478.7 crore, higher by 68.4% YoY
    • EBITDA improves by 111% YoY to Rs 94.5 crore
    • PAT at Rs. 64.8 crore, higher by 1360% YoY
  • FY22:
    • Revenues at Rs. 1698.8 crore, higher by 79% YoY
    • EBITDA improves by 127% YoY to Rs. 392 crore
    • PAT at Rs. 265.2 crore, higher by 195% YoY

Commenting on the performance for the quarter, in a joint statement, Mr. Pushkar Khurana, Chairman, and Mr. Puneet Khurana, Managing Director, said “We are delighted to share that we have registered a record performance during the year, delivering a robust top-line growth of 79% and a PAT growth of 195%. Our India business has delivered strong growth of 69% driven by the expanding CNG ecosystem that is leading to secular demand. On the margin front, we had witnessed volatility on a Q-o-Q basis during the year owing to an increase in overall costs and changes in product mix. We anticipate our annual EBITDA margins to be in a healthy range going forward.

With the supportive macro framework driven by the government’s continued focus on a larger gasfuelled economy, we have strengthened our leadership position in the Indian market. Our overseas operations have also delivered a sustained turnaround led by a global shift towards gas adoption. Looking at the demand from the high potential Egyptian and African Markets, we are happy to share that EKC’s wholly-owned subsidiary EKC International FZE has formed a Joint Venture in Egypt to establish a CNG cylinder production facility. With our UAE facility operating at healthy levels, we believe, this facility should help us target the growing CNG opportunity due to the region’s major push towards the consumption of cleaner energy.

We have expanded our annual production capacity to about a million cylinders this year on the back of our brownfield expansion initiatives in India. The second phase of brownfield expansion is also on-track to be commissioned by the second quarter of FY23, which should assist us to drive further growth this year.

Over the past few years, we have notably strengthened our balance sheet as well as prudently deployed capital for capacity expansions. This has enabled us to generate healthy free cash flows during the year. Accordingly, in line with our dividend policy, the Board of Directors have recommended a dividend of Re. 0.70 per share (i.e 35% on FV).

India has made a structural shift towards building a cleaner gas-based economy with a huge thrust on developing the CNG infrastructure. In addition, the Indian government recently announced its National Green Hydrogen Policy, with the goal of meeting climate targets and making India a Green Hydrogen hub. This should accelerate the usage of gas across industries leading to a huge multi-decadal growth opportunity for our industry. Given EKC’s leadership position in manufacturing high-pressure gas cylinders in India, we believe, we are also well-poised to tap this opportunity in the coming years.”

Result PDF

Trending News

RBI will buy ₹2 lakh cr securities, launches dollar swap auction

The Reserve Bank of India on Tuesday said it will purchase government securities worth ₹2 lakh crore and conduct a $10 billion buy/sell dollar-rupee swap auction to inject liquidity in the banking system.

Published on 24-Dec-2025 09:09

Tata Motors launches Avinya EV brand

Tata Motors plans to formally roll out its new Avinya premium EV brand by the end of 2026, positioning it above its existing Tata.ev portfolio and building it largely on JLR’s EMA and Tata’s Gen 3 born-electric architectures. 

Published on 24-Dec-2025 09:08

Adani Ports acquires NQXT Australia.

Adani Ports and Special Economic Zone Limited (APSEZ) has completed the acquisition of a 100% interest in NQXT Australia. 

Published on 24-Dec-2025 09:07

L&T wins at least ₹5,000 cr EPC order from BPCL

Larsen & Toubro’s Hydrocarbon Onshore (L&T Onshore) business has secured a major EPC order (₹5,000–10,000 crore) from BPCL for setting up India’s largest LLDPE/HDPE swing unit (2 × 575 KTPA) at Bina, Madhya Pradesh, on a lump-sum turnkey basis. 

Published on 24-Dec-2025 09:06

Radico Khaitan launches premium dark rum The Kohinoor Reserve

Radico Khaitan (RKL) rolled out The Kohinoor Reserve Indian Dark Rum, a globally acclaimed, triple-aged rum matured in American Bourbon barrels, Cognac XO casks and Vermouth casks, a unique process that sets it apart in the global dark rum category. 

Published on 24-Dec-2025 09:05

ZF sells ADAS business to Harman International

ZF Friedrichshafen AG, the parent of ZF Commercial Vehicle Control Systems India (ZF CV), has agreed to sell its Advanced Driver Assistance Systems (ADAS) business, including compute platforms, smart cameras, radar and ADAS software, to US-based in-cabin electronics major Harman International for an enterprise value of €1.5 billion

Published on 24-Dec-2025 09:04

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status