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 revenue decline with standalone revenue falling to Rs 1,35,423.80 lakhs in FY26 from Rs 1,70,702.18 lakhs in FY25 (approx 21% decline). The company posted a net loss of Rs 11,105.18 lakhs for FY26 compared to a profit of Rs 1,352.79 lakhs in FY25. Key exceptional items include a Rs 2,870 lakh impairment loss on wholly-owned subsidiary Everest Buildpro Private Limited (comprising Rs 1,500.88 lakh on equity shares and Rs 1,369.12 lakh on inter-corporate deposits), and Rs 1,634.14 lakh charge due to new Labour Codes. These were partially offset by a Rs 304.58 lakh profit on sale of Mumbai office premises. The statutory auditors SRBC & Co LLP issued an unmodified (clean) opinion on both standalone and consolidated results. The Board recommended a final dividend of Rs 1 per share (10%).
The company swung from profit to significant loss due to revenue contraction and large one-time exceptional charges. The impairment of the Buildpro subsidiary and labour code compliance costs weighed heavily on the bottom line. Despite the loss, the clean auditor opinion and dividend recommendation signal management confidence, but the sharp revenue decline remains a concern for investors.