Everest Kanto Cylinder
117.78
-0.35(-0.30%)
Market Cap₹- Cr
PE Ratio-
Company Performance:
1D-0.30%
1M-16.80%
6M-12.04%
1Y-46.85%
5Y+119.94%
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More news about Everest Kanto Cylinder
22Jul 25
Everest Kanto Cylinder Faces Rs 1.32 Crore Customs Duty Demand and Penalty
Everest Kanto Cylinder Limited has received a customs duty demand and penalty totaling Rs 1.32 crore due to a classification dispute of imported raw materials. The customs authority has reclassified the materials, attracting a higher Basic Customs Duty of 25%. The company plans to appeal the order with the Customs, Excise, Service Tax Tribunal (CESTAT), stating that there is no material impact on its financials or operations. To proceed with the appeal, Everest Kanto must pay 7.5% of the demanded duty or penalty within three months.
16Jul 25
Everest Kanto Sells 80% Stake in Hungarian Subsidiary Amid Geopolitical Concerns
Everest Kanto Cylinder Limited is selling 80% of its shares in EKC Europe ZRT, its Hungarian subsidiary, to joint venture partners for 96,000 EUR. The decision is attributed to geopolitical issues in the region. The buyers include Rév András (37.50%), Rév Group Holding Zrt. (37.50%), and Rév Gázipari Kft. (25.00%). Post-transfer, the company name will be changed, and share capital will be reduced to consolidate losses. This move follows the company's decision not to pursue a planned manufacturing facility in Hungary due to regional geopolitical concerns.
23May 25
Everest Kanto Cylinder Reports Mixed Q4 Results with Revenue Growth and EBITDA Improvement
Everest Kanto Cylinder's Q4 results show a 28.83% increase in consolidated revenue to ₹4.20 billion. EBITDA improved to ₹379 million, but the EBITDA margin slightly decreased to 8.98%. Net profit declined by 8.28% year-over-year to ₹133 million, with a more significant 26.52% drop compared to Q3. The company faces challenges in maintaining profit margins despite strong revenue growth.
Everest Kanto Cylinder
117.78
-0.35
(-0.30%)
1 Year Returns:-46.85%
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