Mumbai, 22nd May 2025: Ester Industries Limited, India’s leading manufacturer of Polyester Films and Specialty Polymers, announced its financial results (standalone and consolidated) for the quarter and financial year ended 31st March 2025.
Commenting on the performance, Mr. Arvind Singhania, Chairman, Ester Industries said:
“On a consolidated basis, total income grew by 19% in FY25, and profitability improved from a loss of Rs. 121 crores to a profit of Rs. 14 crores, despite a weaker Q4 compared to Q3. Both our businesses performed significantly better this year.
The Film business saw a turnaround, with positive EBIT and a 15% increase in operational revenue. A higher share of value-added products and better margins in commodity films boosted overall profitability, ed by improved demand-supply dynamics.
With the Plastic Waste Management Rules mandating 10% recycled content in flexible packaging from 1st April 2025, demand for BOPET Film is set to rise. We are equipped with the technology
and certifications to supply BOPET Films with varied PCR content and are well positioned to meet growing demand.
Our transformation from commodity to specialty Film player is progressing well, with an expected improvement in profitability through a better product mix and improved operational efficiency.
Specialty Polymers saw strong growth, with a 72% rise in revenue and 164% jump in EBIT, led by robust demand for products like MB03 and Innovative PBT. Recycled PET performance also improved significantly. We remain confident about the growth prospects of this segment, backed by a strong product pipeline and minimal competition.
We are pleased to report that the execution of our t venture plans with Loop Industries is advancing according to established timelines. We are diligently pursuing various activities related to the project’s implementation.
With a strong position in both SBUs and a focus on recycling and sustainability, we are confident about our ability to continue enhancing shareholder value.”
Business Highlights
· Polyester Films:
- Continuous growth in demand helps improve demand supply imbalance
- Increased contribution from value-added products boosts overall margin profile.
- Margins improve in commodity films, although volume offtake remains stable.
- Application of PWMR with effect from 1st April 2025 expected to stimulate demand for Polyester Film with varied PCR content
· Specialty Polymers: Strong performance on a Y-o-Y basis – expect growth momentum to sustain in FY26
- MB03 sales increased from 948 MT to 1323 MT in FY25
- Innovative PBT sales grew from 772 MT to 1484 MT in FY25
- Sales of R-PET increased in both volumetric and value
- EBIT significantly higher in absolute & percentage on a yearly basis
- In comparison to Q4FY24, EBIT margin lower in percentage due to lower margins in R-PET compared to other Specialty Polymer products