We enclose herewith the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026.
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Everest Kanto Cylinder Ltd reported standalone PAT of Rs 8,119 lakhs for FY26, up 52% from Rs 5,330 lakhs in FY25, driven by revenue of Rs 96,669 lakhs (+2% YoY) and improved margins. Consolidated PAT was Rs 14,667 lakhs vs Rs 9,772 lakhs (+50% YoY) on revenue of Rs 1,47,057 lakhs (slight decline from Rs 1,49,921 lakh). The company recorded an exceptional item loss of Rs 1,288 lakhs for the year, primarily due to a Rs 1,129 lakh penalty from the Kandla SEZ authority for non-fulfilment of Net Foreign Exchange obligation over 5 years (2020-25), partially offset by Rs 159 lakh labour code impact. The board recommended a dividend of Rs 0.70 per share (35%) and appointed Mr N.P. Gupta as CEO from July 1, 2026. Statutory auditors issued an unmodified (clean) opinion on the financials.
Strong bottom-line growth of over 50% is positive but the Rs 1,129 lakh NFE penalty is a one-time concern. The dividend yield remains modest. Investors should watch for any further regulatory issues related to export obligations.