Everest Industries - Q3 Results Review - Nirmal Bang

Everest Industries result were below expectations.

- Sales growth was in line but margin declined QoQ (7.3% vs 10.6%) due to cost increase (Freight and power cost)

- PAT declined 23.2% QoQ to Rs 9.61 cr

- The result may have negative impact on other company in same industry as well viz, HIL Ltd, Visaka Industries Ltd etc.

Source : Equity Bulls

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