EVEREST INDUSTRIES LTD. Q1 FY27 Results

Everest Industries swung to a consolidated net profit of ₹102.09 Cr (basic EPS ₹64.39) for Q1 FY27, against ₹1.63 Cr a year ago and a ₹47.17 Cr loss last quarter. Consolidated revenue was ₹435.88 Cr, down 12.95% YoY but up 33.23% QoQ off a weak Q4. Standalone PAT came in higher at ₹107.72 Cr (EPS ₹67.94), a ~5.5% divergence from consolidated driven by subsidiary losses — the auditor flags one unaudited subsidiary posting a ₹6.77 Cr net loss and four smaller ones a combined ₹3.86 Cr loss for the quarter.

The headline is inflated by a ₹91.28 Cr net exceptional gain: a ₹96.15 Cr profit on the sale of the Podanur property (previously classified held-for-sale), partly offset by a ₹1.25 Cr provision and ₹3.63 Cr write-off after two wholly-owned subsidiaries scrapped CAPEX plans — Everest Buildpro dropped a new Fibre Cement Boards plant and Everest Steel Building dropped a new Pre-Engineered Steel Buildings (PEB) plant, both decided at board meetings on July 3, 2026, with land surrendered in both cases. Strip the exceptional item out and pre-tax profit was still ₹31.47 Cr versus ₹3.32 Cr a year ago — core EBIT margin (PBT ex-exceptional plus finance cost, over revenue) expanded to roughly 8.5% from about 2% YoY, so the margin improvement is not purely a one-off effect even though the reported PAT jump overwhelmingly is.

The stock went into the print at ₹529, up 38.8% over the past month of trading.

For context: this is the highest quarterly PAT in the last 6 quarters on our records.

Segment data shows the margin story is concentrated in Building Products: revenue there was flat YoY (₹373.62 Cr vs ₹370.79 Cr, +0.76%) while segment profit more than doubled to ₹55.33 Cr from ₹26.92 Cr. Steel Buildings is the drag on both lines — revenue collapsed 52% YoY (₹62.26 Cr vs ₹129.92 Cr) and the segment loss widened to ₹3.15 Cr from ₹1.67 Cr, consistent with the CAPEX exit decisions. We have no record of prior management guidance or a prior concall for this stock, and a web search found no dedicated brokerage estimates for this print (only unrelated coverage of the US-listed insurer Everest Group) — so vs-street and vs-guidance are both unknown rather than beaten or missed. Management's press release was limited to the regulatory cover letter; no separate commentary was available to check against the numbers. Other items this quarter — a ₹1.35 Cr GST show-cause notice (25 July) and the CHRO appointment (16 July) — are immaterial to the P&L and unrelated to the print.