Everest Kanto Cylinder / Q2-FY26

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Watch2025-11-15Back to EKC

Revenue

₹360 Cr

verified against source

Revenue YoY

—

reported change

EBITDA

₹42.9 Cr

latest reported figure

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EBITDA (₹ Cr)PositiveWatchNegative
3 actual records
Actual quarterly EBITDA (₹ Cr) trajectoryReported values plotted by quarter. Hover or focus a point for its quarter, value, and source sentiment.Q1 FY26: 61.3 · Positive source sentiment · 2025-08-12Q1 FY26Q2 FY26: 42.9 · Watch source sentiment · 2025-11-15Q2 FY26Q4 FY26: 39.7 · Positive source sentiment · 2026-05-15Q4 FY2661.339.7
Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Quarter read

What the record says.

Everest Kanto Cylinder reported Q2 FY26 consolidated revenue of ₹360 crore and EBITDA of ₹42.9 crore (11.9% margin). PAT stood at ₹13.7 crore. The CNG segment faced temporary softness due to BS6 transition in the automotive industry, which has since normalized. Industrial segment performed in line. The US business saw lower dispatches due to order-driven nature. Management guided EBITDA margins of 12-14% for the full year. Expansion at Mundra (₹130 crore spent, ₹30 crore balance) and Egypt (₹86 crore spent, ₹40 crore balance) is on track, with Egypt trial production expected by January 2026 and Mundra by March 2026. Combined order book is ₹1,000 crore executable over 12 months. Risks include GST litigation and potential forex penalty recurrence.

Colored figures show movement against the previous available record.

Guidance to track

  • Management expects full-year EBITDA margins to be in the range of 12-14%.
  • The Egypt facility is expected to begin trial production by January 2026.
  • The Mundra plant is expected to be commercialized by March 2026.
  • Management indicated a revenue target range for standalone business, though exact figure was unclear.

Risks flagged

  • The company has received GST demands and is awaiting government response; outcome and timeline are uncertain.
  • A ₹11 crore penalty was incurred for shortfall in net foreign exchange earnings; similar penalties may arise in future assessments.
  • Gross margins declined due to lower volumes in high-margin products; mix shift could continue to pressure margins.

Key quotes

  • The CNG segment in India was impacted by BS6 transition in the end user automotive industry which led to a short-term softness in volumes. This has since normalized.
  • About 12 to 14% that will be the EBITDA margins.
  • We are quite confident that we have a strong case. We hopefully things should be okay.

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