Q1FY23 Quarterly Result Announced for Everest Kanto Cylinder Ltd.
Industrial Products company Everest Kanto Cylinder announced Q1FY23 Result : Consolidated Revenues up 13.6% EBITDA Margin stood at 15.9% Profit Before Tax stood at Rs. 38.7 crore EPS up stood at Rs. 3.45 Debt reduced from Rs. 90.0 crore (March-21) to Rs. 42.5 crore (March-22) USA business up 38.9% to Rs. 57.8 crore UAE business up 0.4% to Rs. 51.9 crore India business up 10.3% to Rs. 270 crore Reported subdued performance during the quarter owing to muted QoQ demand as the Company witnessed customers notably de-stock their inventories EBITDA margin stood at 15.9% in Q1 FY23 Standalone EBITDA margin stood at 18.4% Lower revenues combined with cost escalations affected margins during Q1 PBT margin stood at 16.2% in Q1 FY23 While the demand for cylinders was soft during Q1, hope to see a rebound as the year progresses Result PDF11-08-2022