Financial Results - Consolidated

Quarter Ended June 30, 2026 (Q1 FY27) vs Q1 FY26:

  • Income from operations: ₹346 crore (down from ₹387 crore YoY)
  • EBITDA: ₹47 crore (down from ₹61 crore YoY)
  • EBITDA Margin: 14% (down from 16% YoY)
  • Profit Before Tax: ₹39 crore (down from ₹53 crore YoY)
  • PBT Margin: 11% (down from 14% YoY)
  • PAT: ₹30 crore (down from ₹52 crore YoY)
  • PAT Margin: 9% (down from 13% YoY)

Note: Q1 FY26 included an exceptional gain of ₹12.6 crore, representing Employee Retention Credit (ERC) received by CP Industries, US subsidiary, from the Department of the Treasury, Internal Revenue Service, USA.

Financial Results - Standalone

Quarter Ended June 30, 2026 (Q1 FY27) vs Q1 FY26:

  • Income from operations: ₹203 crore (down from ₹237 crore YoY)
  • EBITDA: ₹36 crore (down from ₹41 crore YoY)
  • EBITDA Margin: 18% (up from 17% YoY)
  • Profit Before Tax: ₹29 crore (down from ₹36 crore YoY)
  • PBT Margin: 14% (down from 15% YoY)
  • PAT: ₹22 crore (down from ₹26 crore YoY)
  • PAT Margin: 11% (unchanged YoY)

Key Operating Highlights - Q1 FY2027

  • India Demand Fundamentals: Healthy underlying demand across CNG and industrial gas applications despite temporary operating constraints
  • Mundra Ramp-up: New capacity progressively ramping up to support domestic demand
  • US Order Visibility: Healthy order book provides medium-term business visibility
  • Global Portfolio Optimisation: Hungary divestment completed, sharpening focus on core markets
  • Higher-Value Applications: Growing focus on semiconductors, defence and specialised industrial applications
  • Clean Energy Opportunity: CBG, hydrogen and gas-based mobility expanding the addressable market
  • UAE Business: Improving activity and order book despite regional logistics challenges
  • Egypt Expansion: New manufacturing platform to strengthen regional market access

Management Commentary

Pushkar Khurana (Chairman) and Puneet Khurana (Managing Director) stated: "We commenced FY2027 with healthy underlying demand across our India operations, particularly in CNG and industrial gas applications, although performance during the quarter was impacted by certain temporary supply-side and operating constraints. Our international performance also remained relatively subdued. Despite these near-term headwinds, we continue to see healthy medium-term opportunities across our key geographies and specialised applications.

We are progressively ramping up our expanded manufacturing capabilities and remain focused on strengthening our presence across higher value-added segments including industrial gases, semiconductors, defence, hydrogen and other clean energy applications. With gas expected to remain an important part of India's mobility and energy mix, and with a broader addressable market emerging globally for high-pressure storage solutions, EKC remains well positioned to pursue sustainable long-term growth."

Manufacturing Footprint

  • India: 6 manufacturing facilities with ~1.8 million cylinders/year capacity
  • Dubai: 30+ million cylinders in service
  • Egypt: 47 years of operation
  • USA: Operations maintained (specific capacity not quantified)

Company Background

Everest Kanto Cylinder Limited (established 1978) is a leading global manufacturer of seamless steel gas cylinders for industrial, CNG and clean energy applications - oxygen, hydrogen, nitrogen, argon and helium storage across manufacturing, medical, aerospace/defence and automotive sectors.

Investor Relations Contacts

  • Sanjiv Kapur, Whole-Time Director & 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