Everest Inds gets in-principle nod from Karnataka Govt for land allotment

12 Oct 2022 , 03:36 PM

The land is for the purpose of establishment of a manufacturing plant for fibre cement boards / rapicon panels. Everest Industries is one of Indias largest manufacturers of AC roofing. The company has also diversified into non-asbestos building products (roofing sheets, flooring, cladding, and other boards); and design, manufacture, and erection of PEBs. It has eight plants across India. The companys consolidated net profit rose 4.18% to Rs 21.20 crore on a 27.51% increase in sales to Rs 452.57 crore in Q1 FY23 over Q1 FY22. The scrip shed 0.21% to currently trade at Rs 874.85 on the BSE. In the past one year, the stock has zoomed 99.28% while the benchmark Sensex has lost 4.41% during the same period. Powered by Capital Market – Live News