Everest Kanto Cylinder Limited has appointed Narender Prasad Gupta as its Chief Executive Officer (CEO) and Key Managerial Personnel (KMP), effective July 1, 2026. The company informed the stock exchanges of this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Gupta brings over 25 years of experience in the automotive and manufacturing industries to the high-pressure gas cylinder manufacturer.

Executive Profile and Experience

Gupta is a Mechanical Engineer from AMIE and holds an MBA from IMT Ghaziabad, along with a Black Belt Certification in Lean Six Sigma-Advance Supply Chain. His expertise spans business strategy, operations management, business transformation, lean manufacturing, supply chain optimization, and digital transformation.

Before joining Everest Kanto Cylinder , Gupta served as Business Unit Head – Exports at Jamna Auto Industries, where he led export operations and business process restructuring. He previously held the position of President & CEO at HMC E Valley (Hero Motors), executing business turnaround initiatives and securing global contracts. His professional background includes senior roles at Stellantis India, Metzeler Automotive, and Motherson Sumi.

Industry Recognition

The new CEO has received multiple industry accolades, including being featured among the Top 10 Indian Manufacturing CEOs by CEO Insights in 2024. He has also been honoured with Supplier Excellence Awards from global OEMs such as BMW, Ducati, Harley-Davidson, and the Belgian Cycle Factory for operational excellence.

Everest Kanto Cylinder Limited reported a 50.1% year-on-year increase in consolidated net profit to ₹146.7 crore for the financial year ended March 31, 2026, compared to ₹97.7 crore in the previous year. Profitability improved significantly due to favourable product mix, improved realisations, and continued cost discipline. The company's Board of Directors recommended a final dividend of ₹0.70 per equity share for FY26, subject to shareholder approval.

FY26 Financial Performance

The company's revenue from operations for FY26 stood at ₹1,470.6 crore, a marginal decline from ₹1,499.2 crore in FY25. EBITDA for the year rose 15.7% to ₹203 crore, with margins expanding to 13.8% from 11.7% in the previous year. Profit before tax increased by 22.6% to ₹159.9 crore. Earnings per share (EPS) for the year improved to ₹13.09 from ₹8.73 in the corresponding period last year.

The following table summarises the key financial metrics for the year:

Q4 FY26 Results

For the fourth quarter ended March 31, 2026, the company reported a consolidated net profit of ₹45.7 crore, a sharp increase of 244.4% from ₹13.3 crore in the same period last year. Revenue for the quarter declined to ₹358.2 crore from ₹422.1 crore in Q4 FY25. EBITDA for the quarter stood at ₹39.6 crore compared to ₹37.9 crore in the corresponding quarter of the previous year. The EBITDA margin expanded to 11.1% from 9.0% in the corresponding quarter of the previous year, reflecting improved operational efficiency.

The following table summarises the key Q4 financial metrics:

Business Updates and Outlook

Management highlighted strong demand across CNG and industrial gas applications in India, with traction in higher value-added segments such as semiconductors and defence. The US business maintained steady momentum with an order book of $75 million executable over 18 to 24 months. The company successfully commenced operations at its greenfield Mundra facility, while the Egypt facility is expected to commence operations shortly. Management indicated that the Dubai business, currently operating at around 50% capacity, is expected to improve this year despite geopolitical challenges.

Board Decisions and Dividend

The Board recommended a final dividend of ₹0.70 per share on a face value of ₹2 per share for FY26. The record date for the dividend will be announced later. The Board also approved the appointment of Mr. N. P. Gupta as Chief Executive Officer effective July 1, 2026.

Earnings Conference Call

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the earnings conference call held on June 3, 2026, regarding the audited financial results for Q4 and FY26, is available on the company's website.