Mumbai, February 4, 2025
Everest Industries Limited (NSE: EVERESTIND, BSE: 508906) has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported a decline in profitability for the quarter amid fluctuating revenue performance.
Key Financial Highlights (Standalone)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|
| Revenue from Operations (₹ in Lakhs) | 36,743.26 | 37,395.31 | 35,451.79 | 1,26,248.37 | 1,15,581.08 | 1,58,876.01 |
| Total Income | 37,080.81 | 37,800.29 | 35,988.57 | 1,27,674.66 | 1,17,330.22 | 1,61,000.67 |
| Profit/(Loss) Before Tax | (1,530.94) | (1,080.45) | 269.38 | 11.02 | 2,166.12 | 2,812.33 |
| Net Profit/(Loss) | (1,185.67) | (849.35) | 155.43 | (132.45) | 1,569.15 | 2,387.06 |
| Earnings Per Share (₹) - Basic | (7.49) | (5.37) | 0.99 | (0.84) | 9.96 | 15.14 |
The company’s standalone revenue from operations stood at ₹36,743.26 lakh in Q3 FY25, reflecting a slight decline of 1.7% sequentially but a 3.6% YoY increase. However, net losses deepened to ₹1,185.67 lakh compared to a loss of ₹849.35 lakh in the previous quarter.
Segment-Wise Performance (Standalone)
| Segment | Q3 FY25 Revenue (₹ Lakhs) | Q2 FY25 Revenue (₹ Lakhs) | Q3 FY24 Revenue (₹ Lakhs) | 9M FY25 Revenue (₹ Lakhs) | 9M FY24 Revenue (₹ Lakhs) |
|---|
| Building Products | 23,718.49 | 21,546.63 | 24,786.20 | 81,572.49 | 86,376.37 |
| Steel Buildings | 13,024.77 | 15,848.68 | 10,665.59 | 44,675.88 | 29,204.71 |
| Total Revenue | 36,743.26 | 37,395.31 | 35,451.79 | 1,26,248.37 | 1,15,581.08 |
The
Building Products segment contributed ₹23,718.49 lakh in Q3 FY25, reflecting a 4.3% YoY decline, whereas the
Steel Buildings segment saw a
22.1% YoY increase, indicating stronger demand in infrastructure projects.
Key Financial Highlights (Consolidated)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|
| Revenue from Operations | 37,102.90 | 37,682.24 | 35,159.10 | 1,27,018.83 | 1,14,334.53 | 1,57,545.21 |
| Total Income | 37,227.22 | 37,888.48 | 35,611.70 | 1,27,832.19 | 1,15,958.26 | 1,59,319.34 |
| Profit/(Loss) Before Tax | (1,984.88) | (1,452.44) | 114.07 | (1,192.54) | 1,771.82 | 2,119.48 |
| Net Profit/(Loss) | (1,547.54) | (1,167.28) | 81.20 | (1,124.29) | 1,255.93 | 1,799.83 |
| Earnings Per Share (₹) - Basic | (9.78) | (7.39) | 0.51 | (7.11) | 7.97 | 11.42 |
On a consolidated basis, Everest Industries posted
revenue of ₹37,102.90 lakh in Q3 FY25, a
5.5% YoY growth, but reported a net
loss of ₹1,547.54 lakh, widening from
₹1,167.28 lakh in Q2 FY25.
Exceptional Item
In
April 2024, the company sold its
Noida property, resulting in a
profit of ₹384 lakh, classified as an
exceptional item.
Management Commentary
Managing Director & CEO
Manish Joshi stated:
"Despite revenue growth in our Steel Buildings segment, our profitability has been impacted due to fluctuating raw material costs and increased finance expenses. We remain committed to optimizing our cost structure and focusing on strategic projects to drive growth."
Strategic Outlook
- Market Expansion: Focus on infrastructure development and demand for prefabricated structures.
- Operational Efficiency: Measures to optimize working capital and reduce expenses.
- Cost Rationalization: Addressing raw material pricing fluctuations through better procurement strategies.
Conclusion
Everest Industries Limited saw
moderate revenue growth but widened losses in Q3 FY25, driven by
cost pressures and finance expenses. With strategic initiatives in place, the company aims to
strengthen its financial position in the coming quarters.
Stock Performance Outlook: Investors will watch for margin improvements and demand recovery in the next few quarters.