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 06-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 29-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third 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 06-02-2026   14:00:00
End date and time of board meeting 06-02-2026   16:45:00
Whether cash flow statement is applicable on company
Type of cash flow statement
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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 28,295.34 1,08,983.09
Other income 184.26 678.16
Total income 28,479.60 1,09,661.25
2 Expenses
(a) Cost of materials consumed 15,103.26 59,252.72
(b) Purchases of stock-in-trade 172.27 605.59
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 1,916.75 6,304.49
(d) Employee benefit expense 3,853.27 12,137.91
(e) Finance costs 709.48 2,096.43
(f) Depreciation, depletion and amortisation expense 977.13 2,964.85
(f) Other Expenses
1 Other Expenses 9,184.32 31,878.35
Total other expenses 9,184.32 31,878.35
Total expenses 31,916.48 1,15,240.34
3 Total profit before exceptional items and tax (3,436.88) (5,579.09)
4 Exceptional items (1,364.26) (1,364.26)
5 Total profit before tax (4,801.14) (6,943.35)
6 Tax expense
7 Current tax 62.08 62.08
8 Deferred tax (1,065.37) (1,553.83)
9 Total tax expenses (1,003.29) (1,491.75)
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 (3,797.85) (5,451.60)
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 (3,797.85) (5,451.60)
17 Other comprehensive income net of taxes (66.24) (56.03)
18 Total Comprehensive Income for the period (3,864.09) (5,507.63)
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 -23.95 -34.43
Diluted earnings (loss) per share from continuing operations -23.95 -34.43
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 -23.95 -34.43
Diluted earnings (loss) per share from continuing and discontinued operations -23.95 -34.43
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: 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 06th February 2026. The Statutory Auditors have carried out limited review of the Consolidated financial results of the Company for the quarter and nine month ended 31 December 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. The Government of India notified the Code on 'Wages, 2019; the Code on Social Security, 2020; the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively, the Labour Codes) on 21 November 2025. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in Labour Codes. The Group has evaluated the impact of increased employee benefit obligations arising from the implementation of the Labour Codes in consultation with external experts. Accordingly, the group has recognised an additional charge of Rs.1,668.84 lakhs pertaining to gratuity which is included as an exceptional item in the results for the quarter and nine months ended 31 December 2025. The Group continues to monitor the finalisation of Central/ State Rules and clarifications from the Government on other aspects of the Labour Codes and would provide appropriate accounting effect as and when such clarifications are issued/ rules are notified 3. During the quarter, the Holding Company sold the office premises situated in Mumbai resulting in a profit of Rs. 304.58 Lakhs which is disclosed as an exceptional item in the results. This property was classified as 'Asset Held for Sale' as at 30 September 2025. 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 year ended 31 March 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’. 5. During the nine month ended 31 December 2024, the Group sold its property at Noida resulting in a profit of Rs. 383.93 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.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


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 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
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 21,091.43 81,246.44
2 Steel buildings 7,203.91 27,736.65
Total Segment Revenue 28,295.34 1,08,983.09
Less: Inter segment revenue
Revenue from operations 28,295.34 1,08,983.09
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Building products 689.99 4,137.37
2 Steel buildings (1,762.17) (2,562.08)
Total Profit before tax (1,072.18) 1,575.29
i. Finance cost 709.48 2,096.43
ii. Other Unallocable Expenditure net off Unallocable income 3,019.48 6,422.21
Profit before tax (4,801.14) (6,943.35)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Building products 86,995.38 86,995.38
2 Steel buildings 30,756.17 30,756.17
Total Segment Asset 1,17,751.55 1,17,751.55
Un-allocable Assets 7,727.91 7,727.91
Net Segment Asset 1,25,479.46 1,25,479.46
4 Segment Liabilities
Segment Liabilities
1 Building products 32,972.50 32,972.50
2 Steel buildings 9,820.47 9,820.47
Total Segment Liabilities 42,792.97 42,792.97
Un-allocable Liabilities 28,871.85 28,871.85
Net Segment Liabilities 71,664.82 71,664.82
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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
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 (81.39) (52.44)
Total Amount of items that will not be reclassified to profit and loss (81.39) (52.44)
2 Income tax relating to items that will not be reclassified to profit or loss (19.84) (12.45)
3 Amount of items that will be reclassified to profit and loss
1 Foreign currency translation reserve (4.69) (16.04)
Total Amount of items that will be reclassified to profit and loss (4.69) (16.04)
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (66.24) (56.03)