{"id":133186,"date":"2022-08-15T08:24:44","date_gmt":"2022-08-15T12:24:44","guid":{"rendered":"https:\/\/44.250.171.167\/?p=133186"},"modified":"2022-10-06T04:47:09","modified_gmt":"2022-10-06T08:47:09","slug":"everest-kanto-cylinder-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Everest Kanto Cylinder Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Everest Kanto Cylinder Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/EKC\/\">EKC<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>EKC said 1Q23 results were subdued due to muted demand seen in the CNG cylinder segment. However added, that govt.\u2019s plan to establish 3,300 additional CNG stations in the next 2 years will significantly drive demand in the industry.<\/li>\n<\/ul>\n<ul>\n<li>EKC said its brownfield and greenfield expansion in Kandla and Mundra are progressing as expected. The second phase of the brownfield facility is expected to be operational soon, increasing the capacity by 1 lakh cylinders<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Jimesh Sanghvi of Star Union Dai-ichi asked about the demand outlook with auto sales picking up while EKC is guiding for slower 2Q23. Puneet Khurana MD said the OEMs have not given the go ahead for the schedules. Therefore the CNG sales is down at their end, which is slowing the demand.<\/li>\n<\/ul>\n<ul>\n<li>Jimesh Sanghvi of Star Union Dai-ichi asked about the ramping up in terms of volume and utilization, if it was down. Puneet Khurana MD stated that the volume was definitely down and the utilization was around 65%.<\/li>\n<\/ul>\n<ul>\n<li>Jimesh Sanghvi of Star Union enquired that with the slower demand if the company will be optimistic about the capacity addition and commissioning that\u2019s planned. Puneet Khurana MD replied that there is no stoppage on growth of infrastructure on CNG. However, the volumes are expected to come back in future.<\/li>\n<\/ul>\n<ul>\n<li>Jimesh Sanghvi of Star Union asked if the company is foreseeing the CNG pump prices increasing on the ground impacting EKC on the demand side. Puneet Khurana MD answered that it\u2019s definitely impacting the movement of CNG vehicles.<\/li>\n<\/ul>\n<ul>\n<li>Sunil Jain with Nirmal Bang asked if the company is thinking of bringing this composite cylinder to India as the technology it had got in US. Puneet Khurana MD clarified that the company is planning to bring it to India.<\/li>\n<\/ul>\n<ul>\n<li>Ayush agrawal from Mittal Analytics asked about the breakup of non-auto and auto in the CNG segment for FY22 and 1Q23. \u00a0Puneet Khurana MD answered that 60% is in auto and 40% is in non-auto.<\/li>\n<\/ul>\n<ul>\n<li>Darshan Jhaveri of Crown Capital asked about the outlook for rest of FY23 in terms of revenue and margin. Puneet Khurana MD replied that it will be better in 3Q and 4Q as volume will bounce back.<\/li>\n<\/ul>\n<ul>\n<li>Tushar Sarda from Athena Investment asked about the industrial demand in 1Q23 vs. 1Q22. Puneet Khurana MD answered that 1Q23 was in line with 1Q22 demand and there was no drop in industrial sequentially.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Everest Kanto Cylinder Limited (EKC) Q1 FY23 Earnings Concall Management Update: EKC said 1Q23 results were subdued due to muted demand seen in the CNG cylinder segment. However added, that govt.\u2019s plan to establish 3,300 additional CNG stations in the next 2 years will significantly drive demand in the industry. EKC said [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Everest Kanto Cylinder Limited Q1 FY23 Earnings Conference Call Insights #EKC #Q1 #FY23 #Earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753,12],"tags":[9478],"class_list":["post-133186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","category-other-industries","tag-industirals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":136930,"url":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133186,"position":0},"title":"Everest Kanto Cylinder Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 17, 2022","format":false,"excerpt":"Key highlights from Everest Kanto Cylinder Limited (EKC) Q2 FY23 Earnings Concall Management Update: [00:01:29] EKC said its performance in 2Q23 remained soft on account of the low demand seen in key commercial vehicle CNG cylinder segment. Weak CNG cylinder demand in June continued through the quarter impacting revenue. [00:03:06]\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":127724,"url":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":133186,"position":1},"title":"Everest Kanto Cylinder Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 18, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=WeWHmV2v2ZQ Key highlights from Everest Kanto Cylinder Limited (EKC) Q3 FY22 Earnings Concall Management Update: EKC\u2019s brownfield expansion initiatives have increased production capacity in India to about 1 million cylinders annually. The second phase of brownfield expansion is expected to complete by 2Q23. EKC acquired 53 acres of land parcel\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":130577,"url":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":133186,"position":2},"title":"Everest Kanto Cylinder Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 9, 2022","format":false,"excerpt":"https:\/\/youtu.be\/T3xFXKQGa0E Key highlights from Everest Kanto Cylinder Limited (EKC) Q4 FY22 Earnings Concall Q&A Highlights: Ravi Naredi of Naredi Investments asked about EKC\u2019s current order book and the sector contributing to those orders. Puneet Khurana MD replied that the order book is very strong and it\u2019s mainly from the CNG\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":148438,"url":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-limited-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133186,"position":3},"title":"Everest Kanto Cylinder Limited Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"June 5, 2023","format":false,"excerpt":"Key highlights from Everest Kanto Cylinder Limited (EKC) Q4 FY23 Earnings Concall Q&A Highlights: [00:05:49] Deepan Sankara Narayanan at TrustLine asked that with the implementation of Kirit Parikh recommendation, if it increases confidence of truck owners using CNG as primary fuel. Puneet Khurana MD said it will surely give good\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":152802,"url":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-ltd-q1fy24-44-fall-in-profits\/","url_meta":{"origin":133186,"position":4},"title":"Everest Kanto Cylinder Ltd Q1FY24; 44% fall in Profits","author":"Hardik Bhandare","date":"August 11, 2023","format":false,"excerpt":"Everest Kanto Cylinder Ltd (EKC) is engaged in the manufacture of high-pressure seamless gas cylinders along with other cylinders and equipments used for containing and storage of natural gas, liquids and air. Financial Results: Everest Kanto Cylinder Ltd reported Revenues for Q1FY24 of \u20b9268.00 Crores down from \u20b9381.00 Crore year\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-709.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-709.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-709.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-709.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-709.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-709.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":157597,"url":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-ltd-q2fy24-44-rise-in-profits\/","url_meta":{"origin":133186,"position":5},"title":"Everest Kanto Cylinder Ltd Q2FY24; 44% rise in Profits","author":"Divyansh_Kasana","date":"January 4, 2024","format":false,"excerpt":"Everest Kanto Cylinder Ltd (EKC) is engaged in the manufacture of high-pressure seamless gas cylinders along with other cylinders and equipments used for containing and storage of natural gas, liquids and air. Financial Results: Everest Kanto Cylinder Ltd reported Revenues for Q2FY24 of \u20b9299.00 Crores down from \u20b9340.00 Crore year\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-15.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-15.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-15.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-15.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-15.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-15.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/133186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=133186"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/133186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=133186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=133186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=133186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}