Everest Kanto Cylinder Limited has informed the Exchange regarding a press release dated February 12, 2026, titled "Press Release for Q3 FY26 Results".
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Awaiting price reaction for this filing.
Everest Kanto Cylinder reported strong Q3 FY26 results with consolidated PAT nearly doubling to Rs. 35.7 crore (up 98.9% YoY) even as revenue dipped marginally to Rs. 365.1 crore from Rs. 367 crore. Consolidated EBITDA jumped 48.4% to Rs. 59.2 crore with margins expanding sharply by 534 basis points to 16.2%. Standalone performance was even stronger, with PAT up 57.6% to Rs. 36.0 crore and EBITDA margins at 23.1% (up 812 bps). For 9M FY26, consolidated revenue grew 3.3% to Rs. 1,112.4 crore and PAT rose 19.5% to Rs. 101.0 crore. The company announced Rs. 30 crore additional capex for the new Mundra facility, where one production line is already operational, and USD 5.5 million capex at its US subsidiary to expand into larger diameter and Type 4 cylinders. The Egypt facility remains on track to commence operations by May 2026.
Sharp profit growth and meaningful margin expansion despite flat top line reflect improved realisations, better product mix, and cost discipline, which should be viewed positively by investors. The capacity expansion across India, the US, and Egypt signals a strong growth pipeline and confidence in demand from CNG, hydrogen, and clean energy applications.