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Latest news about Everest Kanto Cylinder

Everest Kanto Cylinder Limited Announces Senior Management Resignation 6 days ago

Everest Kanto Cylinder Limited has announced the resignation of Mr. Sanjay Patnaik, General Manager - Plant and Operations at its Tarapur facility, effective January 12, 2026. The resignation was attributed to personal reasons and was formally communicated to stock exchanges on January 21, 2026, in compliance with SEBI regulations.

Everest Kanto Cylinder Starts Commercial Production At Ratadiya Unit In Mundra Dec 31, 2025

Everest Kanto Cylinder Receives ₹1.02 Crore GST Demand Order for ITC Mismatch in FY 2021-22 Dec 31, 2025

Everest Kanto Cylinder Reports Q2FY26 Results: Revenue at ₹360.4 Cr, Eyes Egypt Plant Launch Nov 21, 2025

Everest Kanto Cylinder Reports Mixed Q2FY26 Results Amid Temporary CNG Demand Impact Nov 15, 2025

More news about Everest Kanto Cylinder

31Oct 25

Everest Kanto Cylinder Faces ₹11.29 Crore Penalty for Net Foreign Exchange Shortfall

Everest Kanto Cylinder Limited has been penalized ₹11.29 crores by the Office of the Development Commissioner, Kandla Special Economic Zone, for failing to meet Net Foreign Exchange obligations. The penalty, 1% of the ₹1,129.03 crores shortfall in FOB value, covers the 2020-21 to 2024-25 period. The company will comply with the order and deposit the amount within the given timeline. While the Letter of Approval cancellation was dropped, a warning against future contraventions was issued.

25Aug 25

Everest Kanto Cylinder Reports Robust Q1 Performance with 12.9% Revenue Growth and 47.8% EBITDA Surge

Everest Kanto Cylinder Limited (EKC) reported impressive Q1 FY24 results with consolidated revenue up 12.9% YoY to Rs. 386.90 crore. EBITDA increased 47.8% to Rs. 61.30 crore, and PAT surged 84.9% to Rs. 51.60 crore. India operations saw 21.1% revenue growth, while US operations grew 21%. The company maintains a healthy order book and projects 10-15% revenue growth for the year. EKC is expanding with new facilities in Mundra, India, and Egypt, each expected to be commissioned in the last quarter of FY26. The company is benefiting from government policies promoting CNG adoption and green energy initiatives, with emerging opportunities in compressed biogas, semiconductors, and green hydrogen sectors.

13Aug 25

Everest Kanto Cylinder Reports 85% Surge in Q1 Profit, Boosted by US Tax Refund

Everest Kanto Cylinder Limited, India's largest manufacturer of high-pressure seamless gas cylinders, reported strong Q1 financial results. Consolidated profit after tax increased by 85% year-over-year to ₹5,158.00 lakhs, while revenue grew 13% to ₹38,688.00 lakhs. The company benefited from an exceptional gain of ₹1,263.00 lakhs from a US tax refund. Standalone performance was also robust, with revenue up 21% and profit after tax more than doubling. The company's diverse geographical presence spans India, UAE, USA, and Hungary, positioning it well for future growth in the gas cylinder market.

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.