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EKC Q3 FY26 PAT Jumps 99% YoY to ₹35.7 Cr; EBITDA Margins Expand to 16.2%
Everest Kanto Cylinder (EKC) reported a strong Q3 FY26 with consolidated PAT doubling to ₹35.7 crore, driven by a 48% YoY growth in EBITDA. The company saw significant margin expansion to 16.2% due to a favorable product mix including high-end segments like defense and semiconductors. Management has approved a $5.5 million capex for its US subsidiary and ₹30 crore for the Mundra facility to support future growth. With the Egypt plant starting in May 2026 and Mundra scaling up, EKC targets a 15-20% revenue growth in FY27.
Key Highlights
Consolidated PAT grew 98.9% YoY to ₹35.7 crore while EBITDA rose 48% to ₹59.2 crore.
Consolidated EBITDA margins expanded by 534 bps to 16.2% due to improved realisations and product mix.
Approved $5.5 million capex in US subsidiary for Type 4 cylinders, targeting ₹100 crore incremental revenue by FY28.
Mundra facility's first line is operational; Egypt facility expected to commence by May 2026 with ₹50-60 crore revenue potential in Year 1.
Management targets 15-20% top-line growth for FY27 with sustainable margins of 15-17%.
💼 Action for Investors
Investors should monitor the timely commissioning of the Egypt facility and the ramp-up of the Mundra plant as these are critical for FY27 growth targets. The shift towards high-margin segments like defense and semiconductors is a positive structural change to watch.
EKC Q3 FY26 PAT Surges 98.9% YoY to Rs 35.7 Cr; EBITDA Margins Expand to 16.2%
Everest Kanto Cylinder (EKC) reported a stellar bottom-line performance for Q3 FY26, with PAT nearly doubling to Rs 35.7 crore despite flat revenue growth of Rs 365.1 crore. The growth was primarily driven by a massive 534 bps expansion in EBITDA margins to 16.2%, fueled by improved realizations and a favorable product mix. The company is actively expanding its footprint, having operationalized the first line at its Mundra facility and approving a new USD 5.5 million capex for its US subsidiary. With the Egypt facility expected to start by May 2026, EKC is positioning itself for significant global capacity growth.
Key Highlights
Consolidated PAT increased by 98.9% YoY to Rs 35.7 crore in Q3 FY26.
EBITDA margins expanded by 534 basis points YoY to reach 16.2%.
Approved USD 5.5 million capex for US operations to manufacture larger diameter and Type 4 cylinders.
Successfully operationalized the first production line at the new Mundra facility.
Egypt manufacturing facility on track to commence operations by May 2026.
💼 Action for Investors
Investors should view the sharp margin expansion and aggressive global expansion plans as strong positive indicators for future earnings potential. Monitor the ramp-up of the Mundra and Egypt facilities as they will be the primary drivers for volume growth in FY27.
EKC Reports Q3 Results, Approves ₹30 Cr Domestic Capex and $5.5M US Subsidiary Expansion
Everest Kanto Cylinder Limited (EKC) has approved its financial results for the quarter ended December 31, 2025, while announcing significant expansion plans. The company is committing ₹30 crores in additional capex for its Ratadiya Unit to bolster domestic operations. Additionally, its US subsidiary, CP Industries Inc, will invest USD 5.50 million to address demand for Type 4 cylinders and expand into North and South American markets. This dual-track investment strategy highlights management's confidence in sustained global demand for high-pressure cylinders.
Key Highlights
Approved Unaudited Standalone and Consolidated Financial Results for Q3 and 9M ended Dec 31, 2025
Sanctioned an additional capex budget of ₹30 crores specifically for the Ratadiya manufacturing unit
US subsidiary CP Industries Inc to invest USD 5.50 million to cater to larger diameter and Type 4 cylinder orders
Expansion aims to capture significant market opportunities across North and South American regions
💼 Action for Investors
Investors should view the aggressive capex as a positive growth signal, particularly the entry into Type 4 cylinders in the US; monitor the quarterly result details for margin sustainability.
Nagreeka Capital Q3 FY26 PAT Rises 25% YoY to ₹3.29 Cr; Revenue Surges to ₹24.41 Cr
Nagreeka Capital & Infrastructure Limited reported a significant surge in quarterly revenue to ₹2,441.41 Lakhs in Q3 FY26, compared to just ₹433.02 Lakhs in the same quarter last year. Net profit for the quarter grew by 25.4% year-on-year to ₹328.72 Lakhs, supported by a massive jump in other operating income. However, the nine-month (9M) performance shows a slight decline in PAT to ₹975.33 Lakhs from ₹1,103.36 Lakhs in the previous year. The company also announced the appointment of Naveen Bardia & Co. as Internal Auditors for FY 2025-26.
Key Highlights
Quarterly Revenue from operations surged to ₹2,441.41 Lakhs, a 463% increase compared to ₹433.02 Lakhs in Q3 FY25.
Net Profit (PAT) for Q3 FY26 stood at ₹328.72 Lakhs, showing a sequential growth of 14% from Q2 FY26.
Earnings Per Share (EPS) improved to ₹2.61 for the quarter, up from ₹2.08 in the corresponding quarter of the previous year.
9M FY26 PAT decreased to ₹975.33 Lakhs from ₹1,103.36 Lakhs in 9M FY25, despite the strong third quarter.
Other operating income contributed ₹1,012.98 Lakhs to the top line this quarter, reversing a loss in the previous quarter.
💼 Action for Investors
The company has shown strong quarterly momentum, but investors should investigate the nature of the 'Other Operating Income' to ensure it is sustainable. Monitor if the sequential improvement in margins continues into the final quarter of the fiscal year.
EKC Commences Commercial Production and Dispatches at Ratadiya Unit in Mundra
Everest Kanto Cylinder Limited (EKC) has officially commenced commercial production at its new Ratadiya Unit located in Mundra, Gujarat. The company has completed the installation of one of its cylinder manufacturing lines and has already initiated product dispatches. This operational milestone marks a significant step in the company's capacity expansion strategy. Investors should view this as a positive development for future revenue growth as the new facility begins contributing to the top line.
Key Highlights
Commencement of commercial production at the Ratadiya Unit in Mundra, Gujarat.
Successful completion and setup of one of the primary cylinder manufacturing lines.
Immediate start of product dispatches from the facility as of December 31, 2025.
Strategic expansion aimed at increasing overall manufacturing capacity to meet market demand.
💼 Action for Investors
Investors should monitor upcoming quarterly results to quantify the revenue contribution from this new unit. The commencement of dispatches suggests immediate operational efficiency which could support the stock price in the short term.