Ester Industries Q2 FY27 Revenue Up 25.7%, PAT Turns Positive

Ester Industries reported strong unaudited financial results for Q2 and H1 FY27. Consolidated Total Income grew by 25.7% YoY to ₹449.0 crores in Q2 FY27, and by 26.5% to ₹891.0 crores in H1 FY27. EBITDA surged by 160.0% YoY to ₹45.1 crores in Q2 FY27 and by 124.6% to ₹104.0 crores in H1 FY27. EBITDA margins expanded significantly by 510 bps in both periods, reaching 10.0% in Q2 FY27 and 11.7% in H1 FY27. Consequently, the company turned profitable, reporting a PAT of ₹7.8 crores in Q2 FY27, a significant improvement from a loss of ₹15.8 crores in the prior year. The company noted stable operating conditions in the BOPET Film industry, with US tariff disruptions largely behind them, though West Asian conflicts are impacting shipping costs. The ELITe project is progressing well, with land acquisition expected by Q4FY27 and marketing agreements secured for future capacity.