Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Quarterly Financial Results
Audit Opinion:
Unmodified review report issued by S R B C & Co. LLP on both standalone and consolidated financial results.
Key Financial Highlights [₹ in lakhs]:
Standalone Results:
Revenue from Operations: ₹41,869.71 (vs. ₹48,679.59 in Q1 FY26, -14.0% YoY; vs. ₹31,001.49 in Q4 FY26, +35.1% QoQ)
Total Income: Not separately specified
EBITDA: Not disclosed
Net Profit: ₹10,209.34 (includes exceptional gain of ₹9,125.42)
EPS: ₹64.39 (basic and diluted)
Other Equity: Not specified for current period
Cash and Cash Equivalents: Not disclosed
Debt: Not disclosed
Consolidated Results:
Revenue from Operations: ₹43,588.21 (vs. ₹50,071.97 in Q1 FY26, -12.9% YoY; vs. ₹32,716.75 in Q4 FY26, +33.2% QoQ)
Total Income: ₹43,868.28
EBITDA: Not disclosed
Net Profit: ₹10,209.34 (attributable to owners)
EPS: ₹64.39 (basic and diluted)
Other Equity: ₹47,865.37 as of previous accounting year end
Cash and Cash Equivalents: Not disclosed
Debt: Not disclosed
Segment-wise Performance [₹ in lakhs]:
Standalone Segment Revenue:
- Building Products: ₹35,643.91 (vs. ₹35,687.11 in Q1 FY26, -0.1% YoY; vs. ₹25,188.38 in Q4 FY26, +41.5% QoQ)
- Steel Buildings: ₹6,225.80 (vs. ₹12,992.48 in Q1 FY26, -52.1% YoY; vs. ₹5,813.11 in Q4 FY26, +7.1% QoQ)
Standalone Segment Results (Profit/(loss) before tax and finance costs):
- Building Products: ₹5,671.69 (vs. ₹2,927.76 in Q1 FY26, +93.8% YoY; vs. ₹1,947.48 in Q4 FY26, +191.2% QoQ)
- Steel Buildings: (₹310.17) (vs. (₹164.28) in Q1 FY26, -88.8% YoY; vs. (₹2,956.31) in Q4 FY26, improved)
Consolidated Segment Revenue:
- Building Products: ₹37,362.41 (vs. ₹37,079.48 in Q1 FY26, +0.8% YoY; vs. ₹26,903.64 in Q4 FY26, +38.9% QoQ)
- Steel Buildings: ₹6,225.80 (vs. ₹12,992.49 in Q1 FY26, -52.1% YoY; vs. ₹5,813.11 in Q4 FY26, +7.1% QoQ)
Consolidated Segment Results (Profit/(loss) before tax and finance costs):
- Building Products: ₹5,533.39 (vs. ₹2,692.23 in Q1 FY26, +105.5% YoY; vs. ₹1,661.69 in Q4 FY26, +233.0% QoQ)
- Steel Buildings: (₹314.64) (vs. (₹166.78) in Q1 FY26, -88.7% YoY; vs. (₹2,959.61) in Q4 FY26, improved)
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced.
Other Significant Information:
Exceptional Items - Standalone:
1. Profit of ₹9,615.42 lakhs from sale of property at Podanur (classified as 'Asset Held for Sale' as of March 31, 2026)
2. Impairment loss of ₹489.00 lakhs on inter-corporate deposit given to Everest Steel Building Private Limited
3. Impairment loss of ₹1.00 lakh on investment in Everest Steel Building Private Limited
4. Additional charge of ₹1,634.14 lakhs pertaining to gratuity due to Labour Codes implementation (recognized in FY26)
5. Impairment loss of ₹2,870.00 lakhs on investment in Everest Buildpro Pvt Ltd. (recognized in FY26)
6. Profit of ₹304.58 lakhs from sale of office premises in Mumbai (recognized in FY26)
Exceptional Items - Consolidated:
1. Profit of ₹9,615.42 lakhs from sale of property at Podanur
2. Provision of ₹125.00 lakhs related to withdrawal of CAPEX plan for Fibre Cement Boards plant by Everest Buildpro Private Limited
3. Write-off of pre-operative expenses and other provisions aggregating ₹362.64 lakhs related to withdrawal of PEB manufacturing facility CAPEX by Everest Steel Building Private Limited
4. Additional charge of ₹1,668.84 lakhs pertaining to gratuity due to Labour Codes implementation (recognized in FY26)
5. Profit of ₹304.58 lakhs from sale of office premises in Mumbai (recognized in FY26)
CAPEX Plan Changes:
- Everest Steel Building Private Limited: Board decided on July 3, 2026 to withdraw CAPEX plan for new PEB manufacturing facility including surrender of allocated land
- Everest Buildpro Private Limited: Board decided on July 3, 2026 to withdraw CAPEX plan for new Fibre Cement Boards plant including surrender of allocated land
Labour Codes Impact:
The Group continues to monitor finalization of Central/State Rules and clarifications from Government on other aspects of Labour Codes and will provide appropriate accounting effect as and when clarifications are issued/rules are notified.
Subsidiaries Included in Consolidation:
1. Everest Buildpro Private Limited
2. Everest Steel Building Private Limited
3. Everest Building Products, Mauritius
4. Everestind FZE, UAE
5. Everest Foundation