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Ester Industries Q2 FY26 results (Jul–Sep 2025) and concall

Capital Goods · Concall AI · Call held 17 Nov 2025

Ester Industries reported a mixed Q2 FY26, with consolidated revenue growing 7% YoY to INR 357 crores, driven by strong volume growth in Specialty Polymers and Ester Filmtech. However, profitability was significantly impacted by adverse exchange rate fluctuations and mark-to-market losses, leading to a 59.7% YoY decline in consolidated EBITDA to INR 17.33 crores. The company is actively pursuing its sustainability agenda through the ELITe chemical recycling JV, which has secured key offtake agreements, and has commissioned new rPET capacity.

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What they filed

Q2 FY26: revenue down 12.8%, net profit down 141.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue298 275 258 279 260 −13%
EBITDA32 42 33 26 11 −66%
Net profit12 19 12 10 -5 −142%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.