EVERESTIND2024-01-012024-03-31 EVERESTIND2024-01-012024-03-31 EVERESTIND2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member EVERESTIND2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member EVERESTIND2024-03-31 EVERESTIND2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member EVERESTIND2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member EVERESTIND2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member EVERESTIND2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member EVERESTIND2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member EVERESTIND2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member EVERESTIND2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member EVERESTIND2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member EVERESTIND2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member EVERESTIND2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member EVERESTIND2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member EVERESTIND2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member EVERESTIND2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member EVERESTIND2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 508906 EVERESTIND NOTLISTED Everest Industries Limited Equity 2023-04-01 2024-03-31 2024-05-22 2024-05-09 INR Lakhs Yearly 15:00:00 19:40:00 2024-05-22 2024-05-22 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Audited Standalone 4329493000.00 37552000.00 4367045000.00 2649100000.00 28146000.00 -74774000.00 386238000.00 42466000.00 83114000.00 1188134000.00 4302424000.00 64621000.00 0.00 64621000.00 14525000.00 -31695000.00 -17170000.00 0.00 81791000.00 0.00 0.00 0.00 0.00 81791000.00 5619000.00 87410000.00 0.00 0.00 157889000.00 10 5.18 5.13 0.00 0.00 5.18 5.13 1.The above standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 22 May 2024. The Statutory Auditors have carried out audit of the standalone financial results of the Company for the quarter and Year ended 31 March 2024, 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 figures for the quarters ended 31 March 2024 and 31 March 2023 are the balancing figures between audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the respective financial year. 3.The Board of directors had approved setting up a new manufacturing facility for the Steel Building business through a wholly owned subsidiary, Everest Steel Building Private Limited, which was incorporated on 26 May 2023.The subsidiary is in process of setting up its manufacturing facility. 4.During the year ended 31 March 2024, the Company sold its property at Nashik, resulting in profit of Rs. 760 Lakhs which is disclosed as exceptional items in the results. This property was classified as 'Asset Held for Sale' in the audited balance sheet as of 31 March 2023. 5.During the year ended 31 March 2024, the Company reassessed its impairment provision recognized in the past, for the Board line sheeting machine, which was classified as 'Asset Held for Sale' and wrote-back an impairment provision to the extent of Rs 338 lakhs, which is included in the results under the head ‘Other Income’. This machine was sold during the year to the Company’s wholly owned subsidiary, Everest Buildpro Private Limited, which started commercial production w.e.f 07 March 2024. 6.In the year ended 31 March 2023, pursuant to the various Income Tax orders received by the Company, it had evaluated related tax provisions. Consequently, the results for the year ended 31 March 2023 include release of tax provision of Rs. 1,692 lakhs (included under 'Adjustment of tax relating to earlier periods'), Interest Income on Tax refund of Rs. 1,610 lakhs (included under 'Other Income') and a provision for Interest expense of Rs. 2,371 lakhs on account of probable tax matters (included under 'Finance Cost'). 7.The Company had entered into an agreement to sell as on 31st March 2024, for its property at Noida. Subsequent to the quarter, the Company has executed the sale deed on 22nd April 2024. Hence, the said asset has been classified as Asset held for Sale as on 31st March 2024. 8.The Board of Directors has recommended a dividend @ 25 % (Rs. 2.50 /-per share) for the Financial Year 2023-24 subject to shareholders' approval. 9.The previous period and year figures have been regrouped/ reclassified wherever necessary to conform to the current period's presentation. Multi segment 2023-04-01 2024-03-31 Audited Standalone 15887601000.00 212466000.00 16100067000.00 9248205000.00 97888000.00 178114000.00 1528965000.00 126862000.00 323026000.00 4391774000.00 15894834000.00 205233000.00 76000000.00 281233000.00 68714000.00 -26187000.00 42527000.00 0.00 238706000.00 0.00 0.00 0.00 0.00 238706000.00 3610000.00 242316000.00 0.00 0.00 157889000.00 10 5901187000.00 15.14 15.03 0.00 0.00 15.14 15.03 Other Expenses 1188134000.00 Other Expenses 4391774000.00 3658588000.00 39401000.00 0.00 25237000.00 2468000.00 200000.00 980352000.00 143946000.00 1124498000.00 140731000.00 20188000.00 5011111000.00 3847020000.00 0.00 985328000.00 440610000.00 3778000.00 0.00 118083000.00 1547799000.00 739523000.00 6134342000.00 380469000.00 11525922000.00 157889000.00 5901187000.00 6059076000.00 6059076000.00 0.00 449332000.00 449332000.00 0.00 258751000.00 708083000.00 0.00 1702439000.00 652462000.00 2354901000.00 1372321000.00 38121000.00 993420000.00 0.00 4758763000.00 0.00 0.00 5466846000.00 11525922000.00 Building Products 2901538000.00 Steel buildings 1427955000.00 Building Products 11539175000.00 Steel buildings 4348426000.00 4329493000.00 15887601000.00 0.00 0.00 4329493000.00 15887601000.00 Building Products 215267000.00 Steel buildings 60557000.00 Building Products 845746000.00 Steel buildings 68456000.00 275824000.00 914202000.00 42466000.00 126862000.00 168737000.00 506107000.00 64621000.00 281233000.00 Building Products 6134830000.00 Steel buildings 2740985000.00 8875815000.00 2650107000.00 11525922000.00 Building Products 1586050000.00 Steel buildings 1448557000.00 3034607000.00 2432239000.00 5466846000.00 126862000.00 1230281000.00 79237000.00 0.00 -98259000.00 -4063000.00 -19237000.00 -63075000.00 0.00 124929000.00 0.00 131823000.00 0.00 323026000.00 -103781000.00 -4797000.00 0.00 62061000.00 0.00 0.00 0.00 69087000.00 40268000.00 0.00 0.00 0.00 0.00 -63942000.00 0.00 1692246000.00 1973479000.00 0.00 0.00 0.00 15363000.00 0.00 1958116000.00 0.00 200000.00 0.00 114233000.00 0.00 0.00 0.00 0.00 235124000.00 323053000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 314500000.00 0.00 980352000.00 0.00 0.00 0.00 0.00 59424000.00 0.00 2896000.00 0.00 -805894000.00 0.00 0.00 528000.00 29847000.00 0.00 0.00 0.00 0.00 0.00 635917000.00 0.00 102261000.00 94459000.00 35134000.00 0.00 0.00 -837396000.00 314826000.00 0.00 314826000.00 125784000.00 440610000.00 7508000.00 4824000.00 1889000.00 1214000.00 0.00 0.00