Everest Kanto Cylinders reports Q2 FY26 earnings, expands globally

For Q2 FY26, Everest Kanto Cylinders (EKC) reported consolidated revenues of ₹360.4 crore, with EBITDA at ₹42.9 crore, reflecting an 11.9% margin. Profit after tax (PAT) stood at ₹13.7 crore, a 3.8% margin, impacted by a one-time exceptional loss of ₹11.29 crore. The company noted that demand in the CNG segment was temporarily affected by a GST transition in India, though activity normalized in October.

Half-year results (H1 FY26) show consolidated revenues of ₹747.3 crore, a 5.2% increase year-over-year, with EBITDA growing 10.1% to ₹104.2 crore (13.9% margin). PAT for H1 FY26 was ₹65.2 crore, at an 8.7% margin. India's business grew by 7.9% and USA business by 9.8% in H1 FY26.

EKC is progressing with new facilities in Mundra and Egypt, with the Egypt plant nearing trial production. These expansions aim to enhance manufacturing capabilities and improve cost efficiency, positioning the company to meet growing demand in both domestic and international markets. The company remains confident in its future growth prospects due to growing opportunities in clean energy and industrial applications, along with a strong order pipeline.