Everest Kanto Cylinder Ltd's Q3FY25 Quarterly Results

Result Summary

• Everest Kanto Cylinder Ltd reported a 2.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 11.1%.
• Its expenses for the quarter were up by 2.8% QoQ and 18.2% YoY.
• The net profit decreased 53.5% QoQ and decreased 50.8% YoY.
• The earnings per share (EPS) of Everest Kanto Cylinder Ltd stood at 1.6 during Q3FY25.

Financial Statments for Q3FY25

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 Kanto Cylinder Ltd is a company that operates in the industrial goods sector, primarily engaged in manufacturing high-pressure gas cylinders. These products are utilized in a variety of industries, including automotive, medical, and industrial gas sectors. The company is known for its robust manufacturing capabilities and a global presence, supplying cylinders to numerous international markets. As of the latest updates, there are no specific major developments publicly available that could have impacted their quarterly performance. However, as with many manufacturing companies, external factors such as raw material costs, regulatory changes, and market demand dynamics could influence their financial outcomes.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Everest Kanto Cylinder Ltd reported a total income of ₹369.39 crores. This represents a decrease of 2.2% compared to the previous quarter (Q2FY25), where the total income was ₹377.51 crores. However, when compared to the same quarter in the previous fiscal year (Q3FY24), there was an 11.1% increase from ₹332.55 crores. This year-over-year growth suggests an overall improvement in revenue generation over the year, despite the recent quarterly decline.

Profitability

For Q3FY25, the company reported a Profit Before Tax (PBT) of ₹27.23 crores, which is a significant decline of 38.9% from the previous quarter's PBT of ₹44.60 crores. Additionally, this figure is 36.9% lower year-over-year compared to Q3FY24's PBT of ₹43.15 crores. The Profit After Tax (PAT) stood at ₹17.96 crores for Q3FY25, marking a decrease of 53.5% from Q2FY25's PAT of ₹38.60 crores and a 50.8% drop from the previous year's PAT of ₹36.49 crores. The Earnings Per Share (EPS) followed a similar trend, with a reduction to ₹1.60 in Q3FY25 from ₹3.40 in Q2FY25, and a YoY decrease from ₹3.30 in Q3FY24.

Operating Metrics

Total expenses for Q3FY25 were recorded at ₹342.16 crores, which is an increase of 2.8% from the previous quarter's expenses of ₹332.91 crores. When compared to Q3FY24, there was an 18.2% increase from ₹289.40 crores. The tax expense for Q3FY25 rose to ₹9.27 crores, up by 54.5% from Q2FY25's ₹6.00 crores and 39.2% higher than the ₹6.66 crores reported in Q3FY24. These changes indicate significant shifts in the company's cost structure and tax obligations over both the quarter and the year.