Industrial Products company Everest Kanto Cylinder announced Q4FY25 & FY25 results Consolidated Q4FY25 Financial Highlights: Income from operations: Rs 422.1 crore, a 29.5% increase compared to Rs 325.8 crore in Q4FY24. EBITDA: Rs 37.9 crore, a 23.2% increase compared to Rs 30.8 crore in Q4FY24. EBITDA Margin (%): 9.0%, a decrease of 47 bps compared to 9.4% in Q4FY24. Profit Before Tax: Rs 25.7 crore, a 37.3% increase compared to Rs 18.7 crore in Q4FY24. PAT: Rs 13.3 crore, a 1.2% increase compared to Rs 13.1 crore in Q4FY24. Consolidated FY25 Financial Highlights: Income from operations: Rs 1,499.2 crore, a 22.6% increase compared to Rs 1,223.0 crore in FY24. EBITDA: Rs 175.5 crore, a 9.4% increase compared to Rs 160.5 crore in FY24. EBITDA Margin (%): 11.7%, a decrease of 141 bps compared to 13.1% in FY24. Profit Before Tax: Rs 130.4 crore, an 8.4% increase compared to Rs 120.3 crore in FY24. PAT: Rs 97.7 crore, a 0.1% increase compared to Rs 97.6 crore in FY24. Standalone Q4FY25 Financial Highlights: Income from operations: Rs 267.2 crore, a 23.1% increase compared to Rs 217.0 crore in Q4FY24. EBITDA: Rs 23.6 crore, a 20.6% increase compared to Rs 19.6 crore in Q4FY24. EBITDA Margin (%): 8.8%, a decrease of 18 bps compared to 9.0% in Q4FY24. Profit Before Tax: Rs 16.5 crore, a 27.4% increase compared to Rs 13.0 crore in Q4FY24. PAT: Rs 5.4 crore, a 35.5% decrease compared to Rs 8.4 crore in Q4FY24. Standalone FY25 Financial Highlights: Income from operations: Rs 946.2 crore, a 22.6% increase compared to Rs 771.5 crore in FY24. EBITDA: Rs 100.6 crore, a 10.8% increase compared to Rs 90.8 crore in FY24. EBITDA Margin (%): 10.6%, a decrease of 114 bps compared to 11.8% in FY24. Profit Before Tax: Rs 80.7 crore, an 8.4% increase compared to Rs 74.5 crore in FY24. PAT: Rs 53.3 crore, a 1.0% decrease compared to Rs 53.9 crore in FY24. Commenting on the performance for the quarter, Pushkar Khurana, Chairman and Executive Director and Puneet Khurana, Managing Director, said in a joint statement: “We are pleased to report that FY2025 has been a year of strong growth and operational success for EKC. Consolidated revenues grew by 23% to Rs 1,499 crore, driven by healthy demand across both our domestic and US businesses. While realisations softened during the year, we maintained strong profitability with a PAT of Rs 98 crore, reflecting the resilience of our diversified portfolio and the strength of our execution across key geographies. India’s CNG market has seen remarkable growth during the year, reflecting the growing preference for cleaner, cost-effective mobility solutions, particularly among price-sensitive consumers seeking environmentally friendly alternatives. The expansion of CNG infrastructure across the country is further accelerating adoption, supporting continued growth in both the passenger and commercial vehicle markets. Our greenfield project in Egypt is progressing as planned and is expected to be completed by Q3FY26. The project is poised to play a pivotal role in supporting Egypt's national objectives of expanding CNG adoption. The government’s push to convert vehicles to CNG aligns perfectly with our goals, and we are committed to playing an integral part in meeting this growing demand. Looking ahead, we remain committed to strengthening our leadership in high-pressure gas solutions. Our focus will continue to be on innovation, operational efficiency, and expanding our global footprint to drive long-term value for all stakeholders." Result PDF
Conference Call with Everest Kanto Cylinder Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Everest Kanto Cylinder Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Industrial Products company Everest Kanto Cylinder announced Q2FY25 results Standalone Financial Highlights: Income from operations: Rs 238.8 crore compared to Rs 182.3 crore during Q2FY24. EBITDA: Rs 22.2 crore compared to Rs 22.8 crore during Q2FY24. EBITDA Margin: 9.3% for Q2FY25. PBT: Rs 18.2 crore compared to Rs 17.9 crore during Q2FY24. PBT Margin: 7.6% for Q2FY25. PAT: Rs 13.4 crore compared to Rs 14.1 crore during Q2FY24. PAT Margin: 5.6% for Q2FY25. Consolidated Financial Highlights: Income from operations: Rs 367.3 crore compared to Rs 299.3 crore during Q2FY24. EBITDA: Rs 53.1 crore compared to Rs 41.3 crore during Q2FY24. EBITDA Margin: 14.5% for Q2FY25. PBT: Rs 44.6 crore compared to Rs 30.0 crore during Q2FY24. PBT Margin: 12.1% for Q2FY25. PAT: Rs 38.6 crore compared to Rs 26.3 crore during Q2FY24. PAT Margin: 10.5% for Q2FY25. Pushkar Khurana, Chairman, and Mr. Puneet Khurana, Managing Director, said: “We are pleased to report a strong performance in Q2 FY25, with notable contributions from our international markets. Our growth in EBITDA and PAT highlights the sustained demand for our products and the favorable global market environment. In India, the outlook for seamless gas cylinders is encouraging. With strong governmental support for eco-friendly initiatives, including the promotion of natural gas and infrastructure development, the adoption of CNG vehicles is steadily increasing. The extensive rollout of the CNG distribution network across the country reinforces CNG's importance in India's transportation sector, boosting demand for seamless cylinders. India's commitment to sustainable energy is reflected in private sector plans to establish multiple biomass-to-CNG plants. With CNG already recognized as a cleaner alternative to petrol and diesel, the increasing integration of bio-gas will make it an even more sustainable and accessible fuel choice. This development aligns with India’s green energy goals and its target of achieving net-zero emissions by 2070, positioning CNG as a future-ready fuel that meets the nation’s evolving energy needs while reducing dependency on imported fossil fuels. Looking ahead, our advanced manufacturing facilities in Egypt and Mundra, India, are progressing as planned and are expected to be operational in upcoming quarters. With our established leadership position and a solid financial foundation, we are well-prepared to capitalize on these growth opportunities and sustain our momentum in the years to come." Result PDF
Conference Call with Everest Kanto Cylinder Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Everest Kanto Cylinder Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Everest Kanto Cylinder Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Industrial Products company Everest Kanto Cylinder announced Q4FY24 & FY24 results: EKC's revenue for FY24 stood at Rs 1,223.0 crore. The company recorded an EBITDA of Rs 160.5 crore for FY24, with margins at 13.1%. The company recorded an consolidated EBITDA of Rs 30.8 crore for Q4FY24, with margins at 9.4%. Profit After Tax (PAT) reached Rs 97.6 crore in FY24. The Board of Directors recommended a dividend of Rs 0.70 per share for FY24. Commenting on the performance for the quarter, in a joint statement, Pushkar Khurana, Chairman, and Puneet Khurana, Managing Director, said “We have reported a stable operational and financial performance in FY24. Our overall consolidated results remain steady, with healthy sales volumes registered during the period under review. A sustained increase in demand across both domestic and international markets over the past few quarters has enabled us to achieve consistent performance this year. However, lower realizations witnessed in Q4 impacted our performance, leading to lower EBITDA margins. We remain highly enthusiastic about the growth of seamless gas cylinders in India. The government's commitment to eco-friendly natural gas utilization, coupled with fiscal incentives and infrastructure development, creates a favorable environment for CNG vehicles. Significant investments are planned for the CNG sector over the next 5-6 years, with the number of CNG stations set to grow from ~6,350 to 17,500 by 2030, further driving the adoption of CNG vehicles. Additionally, the National Green Hydrogen Mission aims to establish India as a global hub for green hydrogen, aligning with the global trend of reducing carbon emissions. The government’s ambitious plans to expand green hydrogen usage across sectors like transportation, industry, and energy storage, combined with the rising demand for hydrogen-related infrastructure, positions EKC to leverage its expertise and enhance its market presence in the growing hydrogen market. We are witnessing healthy adoption of CV vehicles in both passenger and commercial segments. In the PV sector, we are actively working towards adding marquee customers during the upcoming fiscal year, while the CV segment is experiencing an uptick, a trend we expect to continue. Moving forward, we are committed to strengthening our market leadership, maximizing value for stakeholders, and driving significant contributions to the global shift towards cleaner energy solutions. EKC has positioned itself with substantial capacities and a robust balance sheet to seize growth opportunities and further solidify its leadership in the industry." Result PDF
Conference Call with Everest Kanto Cylinder Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.