Everest Kanto Cylinder Reports Strong Q3FY26 Results with 98.9% PAT Growth
Everest Kanto Cylinder delivered strong Q3FY26 performance with consolidated PAT growing 98.9% to ₹35.7 crore and EBITDA margins expanding significantly to 16.2% from 10.9%. The company approved strategic capex of ₹30 crore for Ratadiya Unit enhancement and USD 5.50 million for US subsidiary expansion to capture clean energy opportunities.

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Everest Kanto Cylinder Limited delivered exceptional financial performance for Q3FY26, with the Board of Directors approving quarterly results and strategic capital allocation decisions on February 12, 2026. The company reported significant growth across key financial metrics while advancing its global expansion strategy through substantial capex approvals.
Strong Q3FY26 Financial Performance
The company demonstrated robust operational performance with consolidated revenues of ₹365.1 crore. Profitability metrics showed remarkable improvement year-over-year:
| Financial Metric: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Consolidated Revenue: | ₹365.1 crore | ₹367.0 crore | -0.5% |
| EBITDA: | ₹59.2 crore | ₹39.9 crore | +48.4% |
| Profit Before Tax: | ₹53.6 crore | ₹27.2 crore | +97.0% |
| Profit After Tax: | ₹35.7 crore | ₹18.0 crore | +98.9% |
| EPS: | ₹3.18 | ₹1.6 | +97.5% |
EBITDA margins expanded significantly to 16.2% from 10.9% in Q3FY25, driven by favorable product mix, improved realizations, and continued cost discipline. The standalone business performed even better with EBITDA margins of 23.1% compared to 14.9% in the previous year.
Nine-Month Performance Highlights
For the nine months ended December 31, 2025, the company maintained strong momentum with consolidated revenues growing 3.3% to ₹1,112.4 crore. Key performance indicators showed consistent improvement:
| 9M Performance: | FY26 | FY25 | Growth (%) |
|---|---|---|---|
| Revenue: | ₹1,112.4 crore | ₹1,077.1 crore | +3.3% |
| EBITDA: | ₹163.4 crore | ₹134.5 crore | +21.5% |
| PAT: | ₹101.0 crore | ₹84.5 crore | +19.5% |
| EPS: | ₹9.00 | ₹7.5 | +19.4% |
Strategic Capital Allocation Decisions
The board approved significant capex investments to strengthen operational capabilities and expand market reach:
| Investment Details: | Amount | Purpose |
|---|---|---|
| Ratadiya Unit Additional Capex: | ₹30 crore | Operational enhancement |
| CP Industries Inc USA Capex: | USD 5.50 million | Manufacturing expansion |
The US subsidiary investment focuses on expanding capabilities in larger diameter and Type 4 cylinders to address emerging clean energy and industrial applications across North and South America.
Operational Milestones and Expansion
The company achieved key operational milestones during the quarter, including the successful operationalization of one production line at the Mundra facility. The remaining two production lines are expected to be established in the coming months. Additionally, the Egypt facility is progressing steadily towards commencement of operations, expected by May 2026.
Regulatory Compliance and Transparency
Everest Kanto Cylinder fulfilled its regulatory obligations under Regulation 30 and 33 of the Listing Regulations by submitting unaudited financial results to BSE Limited and National Stock Exchange of India Limited. The results were accompanied by statutory auditors' limited review report from Suresh Surana & Associates LLP, ensuring transparency for stakeholders.
Historical Stock Returns for Everest Kanto Cylinder
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.96% | +0.65% | -14.44% | -23.64% | -9.42% | +38.09% |
































