Everest Kanto Cylinder Limited has informed the Exchange about Transcript
EKC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Everest Kanto Cylinder reported a strong Q1 FY26 with consolidated revenue of Rs. 386.9 crore (up 12.9% YoY) and PAT of Rs. 51.6 crore (up 84.9% YoY), boosted by a one-time Rs. 12.6 crore Employee Retention Credit from its US subsidiary. Standalone performance was even sharper with revenue up 20.9% YoY at Rs. 237 crore and margins expanding to 17.2% from 9.4% last year. The US business contributed Rs. 109 crore revenue (up 21% YoY) with a current order book of USD 70 million (1.5-2 years of visibility), while India has an order book of around Rs. 60 crore. Management guided conservatively for sustainable margins of 13-14% and growth of 10-15% for FY26. New plants in Mundra (200,000 units capacity) and Egypt (120,000 units) are nearing commissioning in late FY26, with capex of about Rs. 125 crore each and impact visible from FY27.
Short-term numbers beat expectations and the US business shows robust order visibility, but the conservative margin guidance of 13-14% (vs current 17%) signals normalization ahead, while Rs. 352 crore of contingent GST liability remains a key overhang for shareholders.