Q1 FY27 Financial Performance (Consolidated)
- Revenue from Operations: ₹346 crore, representing a 10% decrease year-over-year (YoY) from Q1 FY26 revenue of ₹387 crore
- EBITDA: ₹47 crore, down 23% YoY from ₹61 crore in Q1 FY26
- EBITDA Margin: 14%, contracting by 217 basis points from 16% in Q1 FY26
- Profit Before Tax (PBT): ₹39 crore, down 27% YoY from ₹53 crore
- Profit After Tax (PAT): ₹30 crore, down 42% YoY from ₹52 crore
- PAT Margin: 9%, contracting by 462 basis points from 13% in Q1 FY26
- Diluted EPS: ₹2.68, down 42% YoY from ₹4.60
Expense Breakdown (Consolidated)
- Cost of Goods Sold (COGS): ₹163 crore, decreased 18% YoY
- Employee Benefits Expense: ₹47 crore, increased 20% YoY
- Other Expenses: ₹89 crore, increased 3% YoY
- Finance Costs: ₹4 crore, flat YoY
- Depreciation and Amortization: ₹15 crore, increased from ₹11 crore YoY
- Tax Expense: ₹8 crore
- Other Income: ₹10 crore, increased from ₹6 crore YoY
Operational Highlights
- India Business: Demonstrated resilient profitability despite softer revenues
- US Market: Order visibility described as healthy providing medium-term business visibility, but performance remained subdued
- UAE Business: Revenue improved with increasing activity and order book, though regional logistics challenges persist
- Global Portfolio Optimization: Completed divestment of Hungary operations to sharpen focus on core markets
- Egypt Expansion: New manufacturing platform established to strengthen regional market access
Business Overview
Everest Kanto Cylinder Limited is a clean energy solutions company and leading global manufacturer of seamless steel gas cylinders with over 30 million industrial gas and CNG cylinders currently in service. The company operates three manufacturing facilities in India (Tarapur, Maharashtra; Kandla SEZ, Gujarat; Mundra, Gujarat) and three international facilities (Jebel Ali Free Zone, Dubai; Pittsburgh, PA, USA; Egypt) with aggregate annual capacity of approximately 1.8 million cylinders.
Recent Developments
- Participated in EGYPES 2026 in Cairo, showcasing high-pressure gas cylinder solutions
- Strengthened engagement with customers and industry stakeholders across MENA markets
- Highlighted capabilities across industrial gases, CNG, clean energy and advanced gas storage applications