ESTER INDUSTRIES LTD. Q2 FY26 Results

Summary

Ester Industries, a leading manufacturer of Polyester Films and Specialty Polymers, announced its unaudited financial results for the second quarter and half year ended 30t September 2025. The company reported a 7% year-on-year growth in consolidated revenue, but profitability was affected due to adverse margins in the Polyester Films segment. The Specialty Polymer segment continued its strong performance, while the Polyester Chips & Film segment reported a rise in volume of sales in rPET and Film. Ester Filmtech Limited, a wholly owned subsidiary, achieved significant growth in sales volume and revenue.

Key Highlights

1. 1

   Standalone revenue down 13% YoY

2. 2

   Consolidated revenue up 7% YoY

3. 3

   EBITDA down 59% YoY on consolidated basis

4. 4

   Specialty Polymer revenue up 39% YoY

5. 5

   Specialty Polymer EBIT up 45% YoY

6. 6

   Polyester Films capacity utilization up from 64% in Q2 FY25

7. 7

   Value-Added Films contribute 23% to segment volume

8. 8

   Sales volume of rPET increased significantly

9. 9

   Chips revenue increased sharply

10. 10

    Sales volume of MB03 recorded an uptick

11. 11

    Sales of other marquee product rose

12. 12

    ELITe project activities being pursued diligently

13. 13

    Multiple international marquee clients have started entering into offtake agreements

14. 14

    A multi-year offtake agreement has been secured with Nike

15. 15

    Strategic alliance formed with Hyosung TNC