We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. May 26, 2026, has inter-alia, considered and approved Audited Standalone and Consolidated ....
EVERESTIND · price
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Everest Industries reported a significant loss for FY 2025-26 with standalone revenue declining 20.6% to Rs. 1,35,424 lakhs from Rs. 1,70,702 lakhs in the previous year. The company posted a standalone loss before tax of Rs. 11,105 lakhs compared to a profit of Rs. 1,353 lakhs in FY 2024-25. Key exceptional items include Rs. 2,870 lakhs impairment loss on the company's wholly-owned subsidiary Everest Buildpro Private Limited (comprising Rs. 1,501 lakhs on equity shares and Rs. 1,369 lakhs on inter-corporate deposits), Rs. 1,634 lakhs charge for gratuity due to new Labour Codes, partially offset by Rs. 305 lakhs profit on sale of Mumbai office premises. The Board recommended a final dividend of Rs. 1 per share (10% on face value of Rs. 10). Auditors issued unmodified opinions on both standalone and consolidated results.
The company experienced a sharp turnaround from profit to loss driven by revenue decline and significant one-time charges including subsidiary impairment and labour code implementation costs. The stock may face negative sentiment due to the large loss and asset impairment, though the dividend recommendation provides some investor comfort.