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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	19-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	12-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	19-May-2025   18:00:00
End date and time of board meeting	19-May-2025   20:00:00
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	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-04-01
Indicate Company website link for updated RPT policy of the Company	https://www.everestind.com/public/storage/codes-and-policies/April2025/ceMJps7Ffv8NP5bczw3Z.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
There are no default on loans and debt securities.

Financial Results Ind-AS
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	4445381000	17070218000
	Other income	95461000	238090000
	Total income	4540842000	17308308000
2	Expenses
(a)	Cost of materials consumed	2615927000	10251147000
(b)	Purchases of stock-in-trade	14912000	43954000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	32273000	-64375000
(d)	Employee benefit expense	394593000	1620274000
(e)	Finance costs	56722000	208770000
(f)	Depreciation, depletion and amortisation expense	105163000	370560000
(f)	Other Expenses
1	Other Expenses	1264967000	4858984000
	Total other expenses	1264967000	4858984000
	Total expenses	4484557000	17289314000
3	Total profit before exceptional items and tax	56285000	18994000
4	Exceptional items	77892000	116285000
5	Total profit before tax	134177000	135279000
6	Tax expense
7	Current tax	48505000	84915000
8	Deferred tax	-71051000	-93114000
9	Total tax expenses	-22546000	-8199000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	156723000	143478000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	156723000	143478000
17	Other comprehensive income net of taxes	1808000	4515000
18	Total Comprehensive Income for the period	158531000	147993000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	158198000	158198000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		6074526000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	9.91	9.08
	Diluted earnings (loss) per share from continuing operations	9.91	9.05
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	9.91	9.08
	Diluted earnings (loss) per share from continuing and discontinued operations	9.91	9.05
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		NOTES : n n1. The above standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 19 May 2025. The Statutory Auditors have carried out audit of the standalone financial results of the Company for the quarter and year ended 31 March 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. n n2. The figures for the quarter ended 31 March 2025 and 31 March 2024 are the balancing figures between audited figures in respect of the full financial year and the published unaudited year to date figures upto the end of third quarter of the financial year. Figures upto the end of third quarter of the financial year were subjected to a limited review. n n3. Pursuant to the issuance of an Eligibility Certificate to the Company under the Package Scheme of Incentives, 2013 for its Lakhmapur plant expansion, the Company is entitled to receive GST incentives. Accordingly, the Company has recognized income of Rs 949.63 lakhs in the quarter ended March 31, 2025, representing GST incentives receivable. Of this amount: n(i) Rs.778.92 lakhs pertains to the period from the commencement of production in October 2019 up to 31 March 2024, and has been disclosed as an Exceptional Item; and n(ii) Rs.170.71 lakhs pertains to the financial year 2024–25 and has been included under ‘Revenue from Operations’. n n4. In April 2024, Company sold its property at Noida resulting in profit of Rs. 384 Lakhs which is disclosed 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. n n5. The Board of Directors has recommended a dividend @ 25 % (Rs.2.50 /-per share) for the Financial Year 2024-25 subject to shareholders' approval. n n6. The previous period and year figures have been regrouped/ reclassified wherever necessary to conform to the current period's presentation.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	3154021000
	Capital work-in-progress	94892000
	Investment property	0
	Goodwill	0
	Other intangible assets	920768000
	Intangible assets under development	1974000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	92851000
	Trade receivables, non-current	0
	Loans, non-current	991691000
	Other non-current financial assets	217937000
	Total non-current financial assets	1302479000
	Deferred tax assets (net)	61755000
	Other non-current assets	13934000
	Total non-current assets	5549823000
2	Current assets
	Inventories	4184146000
	Current financial asset
	Current investments	0
	Trade receivables, current	1591538000
	Cash and cash equivalents	47492000
	Bank balance other than cash and cash equivalents	9425000
	Loans, current	0
	Other current financial assets	171985000
	Total current financial assets	1820440000
	Current tax assets (net)	0
	Other current assets	679864000
	Total current assets	6684450000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	12234273000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	158198000
	Other equity	6074526000
	Total equity attributable to owners of parent	6232724000
	Non controlling interest
	Total equity	6232724000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	956954000
	Total non-current financial liabilities	956954000
	Provisions, non-current	0
	Deferred tax liabilities (net)	217986000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	1174940000
	Current liabilities
	Current financial liabilities
	Borrowings, current	595109000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	206916000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1401337000
	Total Trade payable	1608253000
	Other current financial liabilities	556965000
	Total current financial liabilities	2760327000
	Other current liabilities	971219000
	Provisions, current	45501000
	Current tax liabilities (Net)	1049562000
	Deferred government grants, Current	0
	Total current liabilities	4826609000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	6001549000
	Total equity and liabilites	12234273000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Building Products	2821253000	10978502000
2	Steel Buildings	1624128000	6091716000
	Total Segment Revenue	4445381000	17070218000
	Less: Inter segment revenue	0	0
	Revenue from operations	4445381000	17070218000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Building Products	236322000	720335000
2	Steel Buildings	81682000	224401000
	Total Profit before tax	318004000	944736000
	i. Finance cost	56722000	56722000
	ii. Other Unallocable Expenditure net off Unallocable income	127105000	127105000
	Profit before tax	134177000	135279000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Building Products	7052714000	7052714000
2	Steel Buildings	3431029000	3431029000
	Total Segment Asset	10483743000	10483743000
	Un-allocable Assets	1750530000	1750530000
	Net Segment Asset	12234273000	12234273000
4	Segment Liabilities
	Segment Liabilities
1	Building Products	2134758000	2134758000
2	Steel Buildings	1178733000	1178733000
	Total Segment Liabilities	3313491000	3313491000
	Un-allocable Liabilities	2688058000	2688058000
	Net Segment Liabilities	6001549000	6001549000
	Disclosure of notes on segments

Other Comprehensive Income
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	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	2416000	6034000
	Total Amount of items that will not be reclassified to profit and loss	2416000	6034000
2	Income tax relating to items that will not be reclassified to profit or loss	608000	1519000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	1808000	4515000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			135279000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			208770000
	Adjustments for decrease (increase) in inventories			-337126000
	Adjustments for decrease (increase) in trade receivables, current			-656314000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-48540000
	Adjustments for decrease (increase) in other non-current assets			1876000
	Adjustments for other financial assets, non-current			-73850000
	Adjustments for other financial assets, current			6254000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-58356000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-162500000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			370560000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			50104000
	Adjustments for provisions, current			8076000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-23900000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			152092000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-26077000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-893115000
	Net cash flows from (used in) operations			-757836000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-58693000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			-699143000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			11339000
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			105279000
	Purchase of property, plant and equipment			278349000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			74306000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			33427000
	Net cash flows from (used in) investing activities	-76676000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			309000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			595109000
	Repayments of borrowings			0
	Payments of lease liabilities			114450000
	Dividends paid			39413000
	Interest paid			77222000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			18368000
	Net cash flows from (used in) financing activities			382701000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-393118000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-393118000
	Cash and cash equivalents cash flow statement at beginning of period			440610000
	Cash and cash equivalents cash flow statement at end of period			47492000