Investment4 Sept 2025, 05:42 pm
Ester Industries Ltd Reports 21% Revenue Growth in FY 2024-25, Announces JV with Loop Industries for Infinite Recyclability
AI Summary
Ester Industries Ltd, a leading specialty polymers and polyester films manufacturer, reported a 21% year-on-year revenue growth to ₹ 1,282 crores in FY 2024-25. The Specialty Polymers division grew by 72% to ₹ 172 crores, while the Polyester Films business witnessed a 15% revenue growth to ₹ 1,110 crores. The company announced a Joint Venture with Loop Industries Inc. to establish a facility in India for producing low carbon rDMT, rMEG, and specialty polymers using cutting-edge polyester recycling technology.
Key Highlights
- Ester Industries Ltd reported a 21% year-on-year revenue growth to ₹ 1,282 crores in FY 2024-25.
- The Specialty Polymers division grew by 72% to ₹ 172 crores.
- The Polyester Films business witnessed a 15% revenue growth to ₹ 1,110 crores.
- Ester Industries Ltd and Loop Industries Inc. announced a Joint Venture to establish a facility in India for producing low carbon rDMT, rMEG, and specialty polymers using cutting-edge polyester recycling technology.
- The new facility is expected to commence operations by Q4 2027, making ELITe one of the first Indian companies equipped to deliver chemically recycled PET at scale.