Everest Kanto cylinders reports steady Q2 FY26 amid expansion progress

Everest Kanto Cylinder Limited (EKC) announced its unaudited financial results for the quarter and six months ended September 30, 2025, reporting consolidated revenue of ₹360.4 crores and EBITDA of ₹42.9 crores, translating to a margin of 11.9%. Profit after tax for the quarter stood at ₹13.7 crores. On a standalone basis, revenue was ₹232.4 crores, with margins improving to 11.2% from 9.3% in the same period last year. The company anticipates full-year standalone revenue to range from ₹900 crores to ₹1,000 crores, with an EBITDA margin guidance of 12% to 14%.

The company is making steady progress on new facilities in Mundra and Egypt. Approximately ₹130 crores has been spent on the Mundra plant, with a balance of ₹30 crores, and ₹86 crores on the Egypt plant, with a balance of ₹40 crores. The Egypt plant is preparing for trial production by January 2026, and the Mundra plant is expected to be operational by March 2026. These expansions are set to enhance manufacturing capabilities and serve broader domestic and international opportunities.

During Q2 FY26, the CNG segment in India experienced a short-term softness due to GST transition in the automotive industry, which has since normalized. The US business, with an order book of $80 million, faced lower dispatches but maintains a healthy outlook for the second half of FY26. EKC highlighted its focus on CNG and industrial sectors as primary growth drivers, alongside new applications in areas like semiconductors and solar.