Everest Industries announced that the Board of Directors of the Company at its meeting held on 22 May 2024, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Everest Industries declined 58.02% to Rs 5.44 crore in the quarter ended March 2024 as against Rs 12.96 crore during the previous quarter ended March 2023. Sales declined 3.18% to Rs 432.11 crore in the quarter ended March 2024 as against Rs 446.30 crore during the previous quarter ended March 2023.For the full year,net profit declined 57.51% to Rs 18.00 crore in the year ended March 2024 as against Rs 42.36 crore during the previous year ended March 2023. Sales declined 4.38% to Rs 1575.45 crore in the year ended March 2024 as against Rs 1647.63 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales432.11446.30 -3 1575.451647.63 -4 OPM %3.392.19 -2.604.10 - PBDT11.843.88 205 45.9576.61 -40 PBT3.48-4.50 LP 13.5942.84 -68 NP5.4412.96 -58 18.0042.36 -58 Powered by Capital Market - Live News

Everest Industries will hold a meeting of the Board of Directors of the Company on 22 May 2024Powered by Capital Market - Live News

Everest Industries has received reaffirmation in credit ratings for bank facilities of Rs 440 crore at CRISIL A+; Stable / CRISIL A1. Powered by Capital Market - Live News

Everest Industries has received reaffirmed in credit ratings and revision in outlook from ICRA as under:Long term fund based/ cash credit (Rs 130 crore) - ICRA A+; Negative Short term non-fund based limits (Rs 250 crore) - ICRA A1 Long term / short term unallocated (Rs 60 crore) - ICRA A+; Negative/ ICRA A1Powered by Capital Market - Live News