Integrated Filing — IndAS



General information about company

Scrip Code 508906
NSE Symbol EVERESTIND
MSEI Symbol NOTLISTED
ISIN INE295A01018
Name of company Everest Industries Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 29-10-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 16-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 29-10-2025   18:00:00
End date and time of board meeting 29-10-2025   19:40:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 30,615.78 80,687.75
Other income 164.55 493.90
Total income 30,780.33 81,181.65
2 Expenses
(a) Cost of materials consumed 17,537.47 44,149.46
(b) Purchases of stock-in-trade 259.24 433.32
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (300.60) 4,387.74
(d) Employee benefit expense 4,319.57 8,284.64
(e) Finance costs 742.41 1,386.95
(f) Depreciation, depletion and amortisation expense 996.39 1,987.72
(f) Other Expenses
1 Other Expenses 9,700.48 22,694.03
Total other expenses 9,700.48 22,694.03
Total expenses 33,254.96 83,323.86
3 Total profit before exceptional items and tax (2,474.63) (2,142.21)
4 Exceptional items 0.00 0.00
5 Total profit before tax (2,474.63) (2,142.21)
6 Tax expense
7 Current tax (219.83) 0.00
8 Deferred tax (437.60) (488.47)
9 Total tax expenses (657.43) (488.47)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (1,817.20) (1,653.74)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (1,817.20) (1,653.74)
17 Other comprehensive income net of taxes 2.44 10.21
18 Total Comprehensive Income for the period (1,814.76) (1,643.53)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 1,585.57 1,585.57
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -11.48 -10.45
Diluted earnings (loss) per share from continuing operations -11.48 -10.45
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -11.48 -10.45
Diluted earnings (loss) per share from continuing and discontinued operations -11.48 -10.45
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The above Consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 29 October 2025. The Statutory Auditors have carried out limited review of the Consolidated financial results of the Company for the quarter and half year ended 30 September 2025 in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and have issued an unmodified report on the above results. 2. During the quarter ended June 30 2024, the Group sold its property at Noida resulting in a profit of Rs. 384 Lakhs and disclosed it as an exceptional item in the results. This property was classified as 'Asset Held for Sale' in the audited balance sheet as of 31 March 2024. 3. During the quarter, the Board of Directors of the Holding Company has approved the sale of excess land admeasuring 23.32 acres, situated at Tamil Nadu. Further, subsequent to the quarter end, the Board of Directors of the Holding Company, has approved the sale of office premises situated in Mumbai. Terms sheets for the sale of the above, subject to specified conditions, have been executed by the Holding Company. Accordingly, as at September 30, 2025, these assets are classified in the balance sheet as Asset held for sale. 4. Pursuant to the issuance of an Eligibility Certificate to the Holding Company under the Package Scheme of Incentives, 2013 for its Lakhmapur plant expansion, the Holding Company is entitled to receive GST incentives. Accordingly, the Holding Company had recognized income of Rs.949.63 lakhs in the quarter ended March 31, 2025, representing GST incentives receivable. Of this amount: (i) Rs.778.92 lakhs pertained to the period from the commencement of production in October 2019 up to 31 March 2024, and was disclosed as an Exceptional Item; and (ii) Rs.170.71 lakhs pertained to the financial year 2024–25 and was included under ‘Revenue from Operations’.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 46,511.45
Capital work-in-progress 685.41
Investment property 0.00
Goodwill 0.00
Other intangible assets 9,317.74
Intangible assets under development 5.40
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 1,145.57
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 2,392.53
Total non-current financial assets 3,538.10
Deferred tax assets (net) 1,428.90
Other non-current assets 1,372.47
Total non-current assets 62,859.47
2 Current assets
Inventories 37,911.21
Current financial asset
Current investments 0.00
Trade receivables, current 16,219.92
Cash and cash equivalents 734.55
Bank balance other than cash and cash equivalents 95.21
Loans, current 0.00
Other current financial assets 1,752.14
Total current financial assets 18,801.82
Current tax assets (net) 0.00
Other current assets 10,629.28
Total current assets 67,342.31
3 Non-current assets classified as held for sale 64.88
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 1,30,266.66
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,585.57
Other equity 56,057.35
Total equity attributable to owners of parent 57,642.92
Non controlling interest 0.00
Total equity 57,642.92
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 11,000.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 8,963.10
Total non-current financial liabilities 19,963.10
Provisions, non-current 18.43
Deferred tax liabilities (net) 1,756.44
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 21,737.97
Current liabilities
Current financial liabilities
Borrowings, current 9,899.52
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,858.11
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 11,506.16
Total Trade payable 13,364.27
Other current financial liabilities 5,850.36
Total current financial liabilities 29,114.15
Other current liabilities 10,587.15
Provisions, current 477.09
Current tax liabilities (Net) 10,707.38
Deferred government grants, Current 0.00
Total current liabilities 50,885.77
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 72,623.74
Total equity and liabilites 1,30,266.66
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Building products 23,075.51 60,155.01
2 Steel buildings 7,540.27 20,532.74
Total Segment Revenue 30,615.78 80,687.75
Less: Inter segment revenue 0.00 0.00
Revenue from operations 30,615.78 80,687.75
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Building products 755.14 3,447.38
2 Steel buildings (633.13) (799.91)
Total Profit before tax 122.01 2,647.47
i. Finance cost 742.41 1,386.95
ii. Other Unallocable Expenditure net off Unallocable income 1,854.23 3,402.74
Profit before tax (2,474.63) (2,142.22)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Building products 87,514.84 87,514.84
2 Steel buildings 34,154.61 34,154.61
Total Segment Asset 1,21,669.45 1,21,669.45
Un-allocable Assets 8,597.21 8,597.21
Net Segment Asset 1,30,266.66 1,30,266.66
4 Segment Liabilities
Segment Liabilities
1 Building products 33,357.09 33,357.09
2 Steel buildings 10,347.48 10,347.48
Total Segment Liabilities 43,704.57 43,704.57
Un-allocable Liabilities 28,919.17 28,919.17
Net Segment Liabilities 72,623.74 72,623.74
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement gains/(losses) on defined benefit plans 17.50 28.95
Total Amount of items that will not be reclassified to profit and loss 17.50 28.95
2 Income tax relating to items that will not be reclassified to profit or loss 4.45 7.39
3 Amount of items that will be reclassified to profit and loss
1 Foreign currency translation reserve (10.61) (11.35)
Total Amount of items that will be reclassified to profit and loss (10.61) (11.35)
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 2.44 10.21



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (2,142.21)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1,386.95
Adjustments for decrease (increase) in inventories 5,583.50
Adjustments for decrease (increase) in trade receivables, current (642.94)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (2,027.51)
Adjustments for decrease (increase) in other non-current assets (15.66)
Adjustments for other financial assets, non-current (164.31)
Adjustments for other financial assets, current (831.82)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (3,157.82)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,987.72
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss (99.03)
Adjustments for provisions, current 18.31
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (731.35)
Adjustments for other financial liabilities, non-current 3.87
Adjustments for unrealised foreign exchange losses gains (11.35)
Adjustments for dividend income 0.00
Adjustments for interest income 82.98
Adjustments for share-based payments (186.60)
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (99.51)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 929.47
Net cash flows from (used in) operations (1,212.74)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 458.52
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (1,671.26)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 37.88
Purchase of property, plant and equipment 1,977.64
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 45.05
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 535.36
Net cash flows from (used in) investing activities (1,359.35)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 3.59
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 4,498.43
Repayments of borrowings 0.00
Payments of lease liabilities 834.02
Dividends paid 398.93
Interest paid 699.75
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 204.74
Net cash flows from (used in) financing activities 2,774.06
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (256.55)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (256.55)
Cash and cash equivalents cash flow statement at beginning of period 991.11
Cash and cash equivalents cash flow statement at end of period 734.56