Everest Kanto reported a sharp drop of in standalone net profit for the quarter ended September 2009. During the quarter, the profit of the company declined 87.25% to INR 55 million from INR 431.7 million in the same quarter previous year. Its net sales declined 34.41% to INR 144.93 million.

(In INR million)

Everest Kanto Cylinder is a developer and producer of industrial and CNG cylinders. Its cylinders are used for industrial gases, medical gases, fire fighting equipments, beverage industry, accumulator shells, aerospace, scientific research, and CNG-NGV cylinders for vehicles.

(Sourced from myiris.com)