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	Consolidated
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

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	Consolidated	Consolidated
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	4526289000	17228172000
	Other income	65246000	146582000
	Total income	4591535000	17374754000
2	Expenses
(a)	Cost of materials consumed	2703443000	10374315000
(b)	Purchases of stock-in-trade	12054000	45017000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-24766000	-136887000
(d)	Employee benefit expense	419351000	1680153000
(e)	Finance costs	72980000	235628000
(f)	Depreciation, depletion and amortisation expense	117039000	389330000
(f)	Other Expenses
1	Other Expenses	1313118000	4966529000
	Total other expenses	1313118000	4966529000
	Total expenses	4613219000	17554085000
3	Total profit before exceptional items and tax	-21684000	-179331000
4	Exceptional items	77892000	116285000
5	Total profit before tax	56208000	-63046000
6	Tax expense
7	Current tax	48505000	84915000
8	Deferred tax	-68686000	-111920000
9	Total tax expenses	-20181000	-27005000
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	76389000	-36041000
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	76389000	-36041000
17	Other comprehensive income net of taxes	-295000	2361000
18	Total Comprehensive Income for the period	76094000	-33680000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	0	0
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	0	0
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
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		5807915000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	4.83	-2.28
	Diluted earnings (loss) per share from continuing operations	4.83	-2.28
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	4.83	-2.28
	Diluted earnings (loss) per share from continuing and discontinued operations	4.83	-2.28
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 Consolidated 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 Consolidated financial results of the Group 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 Holding Compant under the Package Scheme of Incentives, 2013 for its Lakhmapur plant expansion, the Holding Company is entitled to receive GST incentives. Accordingly, the Group 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, Group 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.

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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	4670006000
	Capital work-in-progress	120955000
	Investment property	0
	Goodwill	0
	Other intangible assets	951069000
	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	92651000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	222711000
	Total non-current financial assets	315362000
	Deferred tax assets (net)	71654000
	Other non-current assets	30464000
	Total non-current assets	6161484000
2	Current assets
	Inventories	4349471000
	Current financial asset
	Current investments	0
	Trade receivables, current	1547795000
	Cash and cash equivalents	99111000
	Bank balance other than cash and cash equivalents	9425000
	Loans, current	0
	Other current financial assets	92386000
	Total current financial assets	1748717000
	Current tax assets (net)
	Other current assets	857282000
	Total current assets	6955470000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	13116954000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	158198000
	Other equity	5807915000
	Total equity attributable to owners of parent	5966113000
	Non controlling interest
	Total equity	5966113000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	945000000
	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	957058000
	Total non-current financial liabilities	1902058000
	Provisions, non-current	0
	Deferred tax liabilities (net)	198375000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	2100433000
	Current liabilities
	Current financial liabilities
	Borrowings, current	695109000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	208517000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1452153000
	Total Trade payable	1660670000
	Other current financial liabilities	610520000
	Total current financial liabilities	2966299000
	Other current liabilities	986827000
	Provisions, current	47721000
	Current tax liabilities (Net)	1049561000
	Deferred government grants, Current
	Total current liabilities	5050408000
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	7150841000
	Total equity and liabilites	13116954000
	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		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Building Products	2902161000	11141969000
2	Steel Buildings	1624128000	6086203000
	Total Segment Revenue	4526289000	17228172000
	Less: Inter segment revenue	0	0
	Revenue from operations	4526289000	17228172000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Building Products	205629000	644014000
2	Steel Buildings	81175000	223066000
	Total Profit before tax	286804000	867080000
	i. Finance cost	72980000	72980000
	ii. Other Unallocable Expenditure net off Unallocable income	157616000	157616000
	Profit before tax	56208000	-63046000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Building Products	8953049000	8953049000
2	Steel Buildings	3488541000	3488541000
	Total Segment Asset	12441590000	12441590000
	Un-allocable Assets	675364000	675364000
	Net Segment Asset	13116954000	13116954000
4	Segment Liabilities
	Segment Liabilities
1	Building Products	3303074000	3303074000
2	Steel Buildings	1179223000	1179223000
	Total Segment Liabilities	4482297000	4482297000
	Un-allocable Liabilities	2668544000	2668544000
	Net Segment Liabilities	7150841000	7150841000
	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	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	1939000	5790000
	Total Amount of items that will not be reclassified to profit and loss	1939000	5790000
2	Income tax relating to items that will not be reclassified to profit or loss	527000	1477000
3	Amount of items that will be reclassified to profit and loss
1	Foreign Curreny translation reserves	-1707000	-1952000
	Total Amount of items that will be reclassified to profit and loss	-1707000	-1952000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-295000	2361000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			-63046000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			235628000
	Adjustments for decrease (increase) in inventories			-459557000
	Adjustments for decrease (increase) in trade receivables, current			-649254000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-97228000
	Adjustments for decrease (increase) in other non-current assets			-2208000
	Adjustments for other financial assets, non-current			-69134000
	Adjustments for other financial assets, current			2816000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-45955000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			389330000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			50104000
	Adjustments for provisions, current			9120000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-18195000
	Adjustments for other financial liabilities, non-current			-145937000
	Adjustments for unrealised foreign exchange losses gains			-1952000
	Adjustments for dividend income			0
	Adjustments for interest income			69548000
	Adjustments for share-based payments			46465000
	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			-72542000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-898047000
	Net cash flows from (used in) operations			-961093000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-58766000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			-902327000
	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			0
	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			807754000
	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			80043000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			33428000
	Net cash flows from (used in) investing activities	-589004000
	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			1191102000
	Repayments of borrowings			0
	Payments of lease liabilities			114450000
	Dividends paid			39412000
	Interest paid			96980000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			18368000
	Net cash flows from (used in) financing activities			958937000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-532394000
	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			-532394000
	Cash and cash equivalents cash flow statement at beginning of period			631505000
	Cash and cash equivalents cash flow statement at end of period			99111000