Everest Inds builds up strong

Everest Industries posted a great set of numbers for Q4Fy15 and the market has rightly given it the thumbs-up today. With an almost 12 times rise in volumes, the stock is currently up some 13% at Rs.332 levels.

A building solutions company, making roofing sheets, fibre cement boards and solid wall panels and other steel building materials, the company ended the quarter with a three times rise in net profit at Rs.10 crore v/s Rs.3 crore in Q4Fy14. Total income rose 4% at Rs.318 crore, managing to keep its operating costs fat at Rs.300 crore. The market was most thrilled with the improvement in EBITDA margins – rising by 348 bps to 7.89%, from 4.41% in previous Q4.