EVEREST KANTO CYLINDER LTD. - 532684 - Closure of Trading Window
In compliance with SEBI (Prohibition of Insider Trading) Regulations and the Company''s Insider Trading Code the trading window will remain closed for all designated persons and their relatives from July 1, 2024 until 48 hours after declaration of Unaudited Financial Results for the quarter ending June 30, 2024. EVEREST KANTO CYLINDER LTD. - 532684 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
We submit herewith the Transcript of the Investor concall. EVEREST KANTO CYLINDER LTD. - 532684 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
We submit herewith the weblink for Audio recording of the Investor conference call held on May 28, 2024 at 4:00 pm.
Everest Kanto Cylinder Results Earnings Call for Q4FY24
Conference Call with Everest Kanto Cylinder Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript. EVEREST KANTO CYLINDER LTD. - 532684 - Compliances-Reg.24(A)-Annual Secretarial Compliance
We enclose herewith the copy of the Annual Secretarial Compliance Report for the financial year ended March 31, 2024. EVEREST KANTO CYLINDER LTD. - 532684 - Announcement under Regulation 30 (LODR)-Investor Presentation
We enclose herewith Investor Presentation for Q4 & FY24. Q4FY24 Quarterly & FY24 Annual Result Announced for Everest Kanto Cylinder Ltd.
Industrial Products company Everest Kanto Cylinder announced Q4FY24 & FY24 results: EKC's revenue for FY24 stood at Rs 1,223.0 crore. The company recorded an EBITDA of Rs 160.5 crore for FY24, with margins at 13.1%. The company recorded an consolidated EBITDA of Rs 30.8 crore for Q4FY24, with margins at 9.4%. Profit After Tax (PAT) reached Rs 97.6 crore in FY24. The Board of Directors recommended a dividend of Rs 0.70 per share for FY24. Commenting on the performance for the quarter, in a joint statement, Pushkar Khurana, Chairman, and Puneet Khurana, Managing Director, said “We have reported a stable operational and financial performance in FY24. Our overall consolidated results remain steady, with healthy sales volumes registered during the period under review. A sustained increase in demand across both domestic and international markets over the past few quarters has enabled us to achieve consistent performance this year. However, lower realizations witnessed in Q4 impacted our performance, leading to lower EBITDA margins. We remain highly enthusiastic about the growth of seamless gas cylinders in India. The government's commitment to eco-friendly natural gas utilization, coupled with fiscal incentives and infrastructure development, creates a favorable environment for CNG vehicles. Significant investments are planned for the CNG sector over the next 5-6 years, with the number of CNG stations set to grow from ~6,350 to 17,500 by 2030, further driving the adoption of CNG vehicles. Additionally, the National Green Hydrogen Mission aims to establish India as a global hub for green hydrogen, aligning with the global trend of reducing carbon emissions. The government’s ambitious plans to expand green hydrogen usage across sectors like transportation, industry, and energy storage, combined with the rising demand for hydrogen-related infrastructure, positions EKC to leverage its expertise and enhance its market presence in the growing hydrogen market. We are witnessing healthy adoption of CV vehicles in both passenger and commercial segments. In the PV sector, we are actively working towards adding marquee customers during the upcoming fiscal year, while the CV segment is experiencing an uptick, a trend we expect to continue. Moving forward, we are committed to strengthening our market leadership, maximizing value for stakeholders, and driving significant contributions to the global shift towards cleaner energy solutions. EKC has positioned itself with substantial capacities and a robust balance sheet to seize growth opportunities and further solidify its leadership in the industry." Result PDF EVEREST KANTO CYLINDER LTD. - 532684 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release for the financial results of the quarter and year ended March 31, 2024. EVEREST KANTO CYLINDER LTD. - 532684 - Record Date For The Purpose Of Final Dividend.
The Board of Directors at its meeting held today fixed Record Date for the purpose of Final Dividend as August 23, 2024. EVEREST KANTO CYLINDER LTD. - 532684 - Announcement under Regulation 30 (LODR)-Change in Directorate
The Director based on the recommendation of Nomination and Remuneration Committee and subject to approval of the Members at the 45th Annual General Meeting of the Company: i) appointed Mr. Ramakrishnan Ramanathan as Additional Director in the capacity of Non-Executive Independent Director for a term of 5 consequent years w.e.f. June 3, 2024; ii) approved re-appointment of Mr. Puneet Khurana as Managing Director of the Company for a further term of 5 years w.e.f. November 14, 2024: iii) approved re-appointment of Dr. Vaijayanti Pandit as Independent Director for further period of 3 years w.e.f. March 30, 2025 up to she attains the age of 75 years on January 12, 2028. The 2nd consequent term of 5 consequent years of Mr. M. N. Sudhindra Rao as Independent Director is up to June 2, 2024, consequent upon which he will cease to be a Director of the Board of the Company.