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Revenue
₹386.9 Cr
verified against source
Revenue YoY
12.9%
reported change
EBITDA
₹61.3 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Everest Kanto Cylinder delivered a strong Q1 FY26 with consolidated revenue of ₹386.9 crore (+12.9% YoY) and EBITDA of ₹61.3 crore (+47.8% YoY), driven by healthy demand across domestic and US operations. PAT surged 84.9% YoY to ₹51.6 crore, including an exceptional gain of ₹12.6 crore from a US subsidiary retention credit. Standalone India revenue grew 20.9% YoY with margins improving to 17.2% from 9.4% last year. The US business also performed well with revenues up 21% YoY. Management guided for sustainable India margins of 13-14% and 10-15% revenue growth. New capacity in Mundra and Egypt is on track for commissioning by Q4 FY26 and H2 FY26 respectively, with combined capacity addition of 320,000 units. Risks include GST contingent liability of ₹352 crore and headwinds in the UAE business.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects India EBITDA margins to be in the range of 13-14% on a conservative basis, though they strive for higher.
- Management guided for 10-15% revenue growth in India business for FY26.
- The Mundra facility is expected to start commercial production just before the close of FY26.
- Egypt plant will begin trial production in October-November 2025, with commercial production in the following 2-3 months.
Risks flagged
- The company faces a GST dispute with a contingent liability of ₹352 crore, roughly 30% of net worth. Management is confident of a favorable outcome but hearing date is not yet fixed.
- The UAE business is facing certain headwinds and is expected to remain moderate in the coming quarters.
- India margins improved sharply to 17.2% in Q1, but management guided for a more conservative 13-14% going forward, indicating the high margin may not be sustainable.
Key quotes
- We continue to have a road map focusing on new products in the cylinder business only at the present. We're not going anything outside the product line of the company and the core core business of the company at the moment.
- We believe that you know by Diwali there may be lot many changes which may come about and in that even the issue on classification is going to be addressed.
- We will always go for a conservative margin. So still I would rather say that margins between 13 14 would be most ideals.
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