Everest Industries' Q1 FY 2025-26 Quarterly Results

Result Summary

• Everest Industries Ltd reported a 16.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 4.4%.
• Its expenses for the quarter were up by 16.4% QoQ and down 1.5% YoY.
• The net profit decreased 70.0% QoQ and decreased 89.8% YoY.
• The earnings per share (EPS) of Everest Industries Ltd stood at 1 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Everest Industries Ltd is a prominent player in the building materials industry in India. The company is known for its wide range of products including roofing, ceiling, wall solutions, and pre-engineered buildings. As of recent developments, Everest Industries Ltd has focused on expanding its product lines and enhancing its manufacturing capabilities to meet the demand in the construction sector. The company operates in a market characterized by fluctuating raw material costs and evolving regulatory frameworks, which can impact its financial performance.

Revenue

In Q1FY26, Everest Industries Ltd reported a total income of ₹504.01 crores, which represents a 16.2% increase compared to the preceding quarter, Q4FY25, where the total income was ₹433.61 crores. However, on a year-over-year basis, there was a decline of 4.4% from Q1FY25, when the total income stood at ₹527.16 crores. This indicates a notable quarter-over-quarter recovery, but a decrease when compared to the same quarter in the previous year. The fluctuations in total income may be attributed to changes in market demand or other macroeconomic factors affecting the industry.

Profitability

The company's profitability metrics for Q1FY26 indicate a downward trend when compared to both the previous quarter and the same quarter in the prior year. Profit Before Tax (PBT) was ₹3.32 crores, showing a decrease of 4.6% quarter-over-quarter from ₹3.48 crores in Q4FY25. Year-over-year, PBT declined significantly by 85.2% from ₹22.45 crores in Q1FY25. Profit After Tax (PAT) also saw substantial declines, falling by 70.0% quarter-over-quarter to ₹1.63 crores from ₹5.44 crores, and by 89.8% year-over-year from ₹15.91 crores. These declines are further reflected in the Earnings Per Share (EPS), which dropped to ₹1.00 in Q1FY26, marking a 70.6% decrease from Q4FY25 and a 90.0% drop from Q1FY25.

Operating Metrics

Analyzing the operating metrics, Everest Industries Ltd's total expenses for Q1FY26 were ₹500.69 crores, which signifies a 16.4% increase from the previous quarter's expenses of ₹430.14 crores. Compared to the same quarter in the previous year, expenses decreased by 1.5% from ₹508.56 crores. The tax expense for Q1FY26 was ₹1.69 crores, a significant turnaround from a tax credit of ₹-1.96 crores in Q4FY25, and a decrease from ₹6.54 crores in Q1FY25, resulting in a year-over-year decline of 74.2%. These metrics highlight the cost dynamics and tax obligations impacting the company's financial operations.