Financial Results - Consolidated

Q4 FY26 Performance (₹ crore):

  • Income from operations: ₹357.4
  • EBITDA: ₹39.6 with margin of 11.1%
  • Profit Before Tax: ₹21.2 with margin of 5.9%
  • PAT: ₹45.7 with margin of 12.8%

Q4 YoY Comparison:

  • Revenue declined 15.1% from ₹422.1 crore in Q4 FY25
  • EBITDA margin improved 208 bps from 9.0% in Q4 FY25
  • PAT increased 244.4% from ₹13.3 crore in Q4 FY25
  • PBT declined 17.4% from ₹25.7 crore in Q4 FY25

FY26 Annual Performance (₹ crore):

  • Income from operations: ₹1,470.6
  • EBITDA: ₹203.0 with margin of 13.8%
  • Profit Before Tax: ₹159.9 with margin of 10.9%
  • PAT: ₹146.7 with margin of 10.0%

FY26 YoY Comparison:

  • Revenue declined 1.9% from ₹1,499.2 crore in FY25
  • EBITDA margin improved 210 bps from 11.7% in FY25
  • PAT increased 50.1% from ₹97.7 crore in FY25
  • PBT increased 22.6% from ₹130.4 crore in FY25

Financial Results - Standalone

Q4 FY26 Standalone (₹ crore):

  • Income from operations: ₹250.3
  • EBITDA: ₹30.6 with margin of 12.2%
  • Profit Before Tax: ₹25.3 with margin of 10.1%
  • PAT: ₹15.5 with margin of 6.2%

Q4 Standalone YoY Comparison:

  • Revenue declined 6.3% from ₹267.2 crore in Q4 FY25
  • EBITDA margin improved 339 bps from 8.8% in Q4 FY25
  • PAT increased 187.4% from ₹5.4 crore in Q4 FY25
  • PBT increased 52.7% from ₹16.5 crore in Q4 FY25

FY26 Standalone Annual (₹ crore):

  • Income from operations: ₹966.7
  • EBITDA: ₹154.4 with margin of 16.0%
  • Profit Before Tax: ₹132.4 with margin of 13.7%
  • PAT: ₹81.2 with margin of 8.4%

FY26 Standalone YoY Comparison:

  • Revenue increased 2.2% from ₹946.2 crore in FY25
  • EBITDA margin improved 534 bps from 10.6% in FY25
  • PAT increased 52.3% from ₹53.3 crore in FY25
  • PBT increased 64.1% from ₹80.7 crore in FY25

Key Performance Drivers

  • Improved product mix with shift to higher value-added segments lifting realizations
  • Operational efficiencies and cost discipline across India and US businesses
  • Continued CNG infrastructure network expansion driving cylinder demand
  • Rising industrial gas consumption across manufacturing sectors
  • Growing traction in specialized high-margin applications including semiconductors and defense
  • Clean energy policy supporting biogas and hydrogen applications widening scope
  • Steady momentum in US order pipeline

Strategic Developments

  • Mundra Greenfield Facility: Operations commenced at new Mundra (Gujarat) plant, strengthening capacity to serve growing domestic demand
  • Egypt Facility: Progressing steadily and expected to commence operations soon, enhancing global manufacturing footprint and regional market access

Dividend Announcement

Board recommended an annual dividend of ₹0.70 per share on face value of ₹2, subject to shareholder approval.

Management Commentary

Pushkar Khurana (Chairman) and Puneet Khurana (Managing Director) stated: \"We are pleased to report a strong FY2026 performance, marked by improved profitability, margin expansion, and steady progress on our strategic initiatives. Our India operations continued to witness healthy demand across CNG and industrial gas applications, while the US business maintained momentum supported by a strong order pipeline. We are also seeing improving traction in higher value-added segments such as semiconductors and defence, creating new opportunities for specialised high-pressure gas cylinder solutions. With enhanced manufacturing capabilities and a continued focus on operational excellence, innovation, and customer engagement, EKC is well positioned to capture long-term opportunities across mobility, industrial, and clean energy applications globally.\"

Company Overview

  • Established: 1978
  • Manufacturing facilities: 6
  • Cylinders/year capacity: ~1.8 million
  • Cylinders in service: 20+ million
  • Years of operation: 47
  • Business: Leading global manufacturer of seamless steel gas cylinders for industrial, CNG and clean energy applications including oxygen, hydrogen, nitrogen, argon and helium storage across manufacturing, medical, aerospace/defence and automotive sectors.

Investor Relations Contacts

  • Sanjiv Kapur, CFO: +91 22 4926 8300, sanjiv.kapur@ekc.in
  • Anoop Poojari / Mitesh Jain, CDR INDIA: +91 98330 90434 / +91 96194 44691, anoop@cdr-india.com / mitesh@cdr-india.com