Everest Kanto posts massive 47% PAT surge as global clean energy demand spikes

Everest Kanto Cylinder Limited (EKC), a prominent global manufacturer of seamless steel gas cylinders, has announced a robust performance for the second quarter of the fiscal year 2025, with consolidated revenues surging by 22.7% year-on-year to ₹367.3 crore. The clean energy solutions company also reported a 47% increase in profit after tax (PAT), reaching ₹38.6 crore, showcasing strong market demand and operational efficiency.

In a joint statement, Chairman Pushkar Khurana and Managing Director Puneet Khurana expressed their satisfaction with the results, emphasizing contributions from international markets. They highlighted the growing adoption of compressed natural gas (CNG) vehicles and infrastructure development in India as key drivers of domestic demand.

Soaring global and domestic growth

Consolidated EBITDA for Q2 FY25 stood at ₹53.1 crore, with margins improving to 14.5% from 13.8% in the previous year. The company attributed this to increased global demand for industrial and CNG cylinders. On a half-yearly basis, EKC’s consolidated revenues reached ₹710.1 crore, up from ₹567.7 crore in the same period last year, with PAT growing 38.5% to ₹66.5 crore.

In India, the government’s focus on sustainable energy initiatives and the expanding CNG distribution network are bolstering demand for EKC’s seamless cylinders. Additionally, the private sector’s investments in biomass-to-CNG plants are expected to make CNG a more sustainable and accessible alternative to petrol and diesel.

Expert insights: Clean energy driving ekc’s prospects

Market analysts view EKC’s strong financial results as a reflection of its strategic positioning in the global shift toward clean energy. The company’s advanced manufacturing facilities in Egypt and Mundra, India, are set to become operational in the upcoming quarters, enhancing production capacity.

Industry experts highlight that EKC is poised to benefit from India’s net-zero emissions goals and the increasing use of gases like hydrogen and natural gas in industrial and automotive sectors. Its diverse product range, which includes high-pressure cylinders for medical, aerospace, and fire suppression applications, provides a competitive edge.

Company outlook and future plans

Everest Kanto Cylinder Limited, established in 1978, operates manufacturing facilities in India, Dubai, and the United States, with a capacity to produce 1.5 million cylinders annually. With over 20 million cylinders in service worldwide, EKC is a key player in clean energy storage solutions.

Looking ahead, the company plans to capitalize on emerging opportunities in the clean energy sector, supported by its strong financial position and global presence. “We are well-prepared to sustain our momentum and meet the growing global demand for eco-friendly solutions,” the management stated.