GST contingent liability of ₹352 crore
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.
EKC / Q1-FY26 / risks
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Everest Kanto Cylinder · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
UAE business headwinds
The UAE business is facing certain headwinds and is expected to remain moderate in the coming quarters.
Margin sustainability in India
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.