EKC Q4 & FY26 Results: Revenue ₹1,470.6 Cr, PAT ₹146.7 Cr; Dividend Re. 0.70
Everest Kanto Cylinder Limited reported FY2026 consolidated revenues of ₹1,470.6 crore and PAT of ₹146.7 crore, up 50.1%. For Q4 FY26, revenue was ₹358.2 crore. The company recommended a dividend of ₹0.70 per share. New Mundra facility is operational, Egypt facility expected by June 2026. US order book stands at US$75 million.
The announcement details strong financial performance, including revenue and profit growth, a recommended dividend, and progress on strategic expansion projects. This information is material for investors and stakeholders.
The company reported strong financial results with significant year-on-year growth in revenue, EBITDA, and PAT. Expansion initiatives are progressing well, and a dividend has been recommended, indicating a positive financial outlook.
Everest Kanto Cylinder Limited (EKC) has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a healthy performance for FY2026, with consolidated revenues reaching ₹1,470.6 crore. EBITDA saw a year-on-year increase of 15.7% to ₹203 crore, with margins expanding by 210 basis points to 13.8%. Profit Before Tax (PBT) stood at ₹159.9 crore, up 22.6% YoY, and Profit After Tax (PAT) was ₹146.7 crore, marking a significant growth of 50.1% YoY. This performance was attributed to a favorable product mix, improved realisations, and operational efficiencies.
For the fourth quarter of FY2026, consolidated revenues were ₹358.2 crore. EBITDA for the quarter was ₹39.6 crore, with margins improving to 11.1% from 9.0% in Q4 FY2025. The PAT for the quarter was ₹45.7 crore.
On a standalone basis, FY2026 revenues were ₹966.7 crore, with EBITDA growing by 53.4% to ₹154.4 crore. Standalone EBITDA margins expanded to 16.0% from 10.6% in the previous year, while standalone PAT was ₹81.2 crore, up 52.3% YoY.
The company's balance sheet remains strong, with investments made in strategic capacity expansion while maintaining financial discipline. The Board has recommended a dividend of ₹0.70 per share for FY2026.
EKC's India business experienced robust demand in both CNG and industrial gas applications. Encouraging traction was observed in higher value-added segments like semiconductors and defence. The US business maintained steady momentum, supported by a healthy order pipeline in clean energy and specialized industrial applications. The company is focused on strengthening its market position and exploring new opportunities.
Significant progress was made on expansion initiatives, including the commencement of operations at the greenfield Mundra facility. The Egypt facility is also progressing steadily and is expected to commence operations shortly, enhancing the global manufacturing footprint.
The company noted that the broader demand environment remains encouraging, despite near-term fuel price volatility. CNG continues to see strong adoption in India's mobility segment, supported by consumer preference, availability of factory-fitted CNG models, and the expansion of city gas distribution infrastructure. Industry reports indicate CNG accounted for approximately 22% of passenger vehicle sales in FY2026.
In response to an analyst's query, management expressed optimism about improvements in the Dubai business, expecting a better year despite geopolitical challenges, with an improving order book. Regarding the Indian market, management believes that despite increased CNG prices, the trend will continue, as petrol prices are also moving upwards, making CNG a more attractive option for consumers. The commercial vehicle segment also continues to perform well.
The order book for the USA subsidiary is around US$75 million, with execution expected over 18 to 24 months. The Mundra facility has commenced production, with ramp-up expected within 6 months. The Egypt facility is expected to be operational by the end of June 2026, with ramp-up following within 6 months. Initial utilization targets for Egypt are around 40%, potentially reaching 80% later. The company is also awaiting the joining of a new CEO, Mr. Gupta, with details to be shared upon his arrival. The GST case is expected to have a timeline of 6 months to a year for clarification.
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Everest Kanto Cylinder Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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