Everest Kanto Cylinder Limited — Updates, 15-11-2024: Press Release

**Financial Highlights:** Everest Kanto Cylinder Limited reported consolidated revenues of ₹367.3 crore for Q2 FY25, reflecting a 22.7% increase year-over-year. EBITDA rose to ₹53.1 crore, with margins at 14.5%. The profit after tax (PAT) surged by 47.0% to ₹38.6 crore. Standalone, income from operations was ₹238.8 crore, with EBITDA at ₹22.2 crore and a PAT of ₹13.4 crore.

**Strategic Initiatives and Growth Drivers:** The company is benefitting from strong international demand and increased domestic market engagement driven by governmental support for eco-friendly energy solutions. The rollout of CNG infrastructure in India presents a significant opportunity for growth.

**Market Position and Competitive Advantage:** With a robust manufacturing presence both domestically and internationally, Everest Kanto is well-positioned to meet the rising demand for seamless gas cylinders, particularly in sustainable energy applications.

**Investor Implications:** The strong financial performance and favorable market conditions indicate a positive outlook for Everest Kanto. Expansion in manufacturing capabilities and alignment with India's green energy initiatives further enhances growth potential, making this an attractive prospect for investors.