Everest Industries Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing challenging operational performance with increased losses and declining revenue across key business segments.

Financial Performance Overview

The company reported a net loss of ₹3,172.40 lakhs for Q3FY26, significantly higher than the ₹1,185.67 lakhs loss recorded in Q3FY25. Revenue from operations declined by 26.84% to ₹26,883.42 lakhs compared to ₹36,743.26 lakhs in the corresponding quarter of the previous year.

Segment-wise Performance

Both business segments experienced revenue contraction during the quarter. The building products segment generated revenue of ₹19,679.51 lakhs in Q3FY26 compared to ₹23,718.49 lakhs in Q3FY25, representing a decline of 17.03%. The steel buildings segment faced a more pronounced impact with revenue falling to ₹7,203.91 lakhs from ₹13,024.77 lakhs, marking a 44.70% decrease.

Exceptional Items Impact

The quarter included exceptional charges totaling ₹1,329.56 lakhs, comprising two significant components. The company recognized an additional gratuity charge of ₹1,634.14 lakhs due to implementation of new Labour Codes notified by the Government of India on November 21, 2025. This was partially offset by a profit of ₹304.58 lakhs from the sale of office premises in Mumbai, which was previously classified as 'Asset Held for Sale'.

Nine-Month Performance

For the nine months ended December 31, 2025, Everest Industries reported a net loss of ₹3,664.71 lakhs compared to a loss of ₹132.45 lakhs in the corresponding period of FY25. Revenue from operations declined to ₹1,04,422.31 lakhs from ₹1,26,248.37 lakhs, representing a 17.28% decrease. The building products segment contributed ₹76,685.66 lakhs while steel buildings generated ₹27,736.65 lakhs during this period.

Earnings Per Share

Basic earnings per share for Q3FY26 stood at ₹(20.01) compared to ₹(7.49) in Q3FY25. For the nine-month period, basic EPS was ₹(23.14) against ₹(0.84) in the previous year. The company's paid-up equity share capital remained at ₹1,585.57 lakhs with a face value of ₹10 per share.

The Board of Directors approved these results at their meeting held on February 6, 2026, with statutory auditors S R B C & Co. LLP conducting a limited review in accordance with regulatory requirements.

Everest Industries Limited has announced key changes in its senior management personnel, effective February 4, 2026. The company informed stock exchanges about strategic appointments and role transitions that will strengthen its leadership structure in critical business divisions.

New Leadership Appointment

The company has appointed Mr. Subramaniam Venkatakrishnan as Vice President (Business Head - Boards & Panels) with immediate effect. This appointment brings significant industry expertise to the company's boards and panels division.

Professional Background

Mr. Venkatakrishnan brings extensive experience from his nearly 20-year tenure at Knauf India, where he developed solution selling capabilities in ceilings and wall panelling. His expertise spans multiple areas including:

• P&L management and technical sales
• Business development and specifier management
• Marketing, innovation, and product development
• Systems development and solution implementation
• Sourcing and supply chain management

He began his career with Shapoorji Pallonji & Co. Ltd. and subsequently worked at Godrej & Boyce before his long association with Knauf India.

Educational Qualifications

Mr. Venkatakrishnan holds comprehensive academic credentials relevant to his role:

Internal Role Transition

Concurrently with the new appointment, Mr. Rahul Chopra has transitioned from his position as Senior VP (BU Head - Boards & Panels) to a new role within the company. He will now serve as Senior VP - Head of Skill Development, CSR, and Public Advocacy, effective February 4, 2026.

Regulatory Compliance

The company made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made pursuant to SEBI circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring full transparency with stakeholders regarding changes in senior management personnel.