Ester Industries delivered robust Q1 results with consolidated total income up 27.4% to INR441.9 Cr and EBITDA surging 103.4% to INR58.9 Cr.
PAT turned positive at INR18.6 Cr.
The BOPET film industry is stabilizing, supporting an 84% capacity utilization.
Value-added specialty (VAS) films now make up 29% of volumes, with a 35% target this fiscal year.
Specialty Polymers achieved 45.3% EBIT margins and aims for 20% CAGR over 3-5 years.
The ELITe JV for textile recycling secured significant customer commitments ahead of its 2028 operational target.
Management holds an optimistic outlook for sustained good earnings and aims for INR2,000-2,200 Cr revenue in 2-3 years, driven by product mix and efficiency.
Gross debt reduction of INR100 Cr is targeted this year.
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