{"id":1994,"date":"2026-05-23T16:22:32","date_gmt":"2026-05-23T10:52:32","guid":{"rendered":"https:\/\/www.bullscreen.in\/news\/?p=1994"},"modified":"2026-05-23T16:22:32","modified_gmt":"2026-05-23T10:52:32","slug":"ester-industries-q4-results-2026-profit-jumps-rpet-film-margins","status":"publish","type":"post","link":"https:\/\/www.bullscreen.in\/news\/ester-industries-q4-results-2026-profit-jumps-rpet-film-margins\/","title":{"rendered":"Ester Industries Q4 Results 2026: Profit Jumps 301% as rPET Demand and Film Margins Improve"},"content":{"rendered":"\n

Ester Industries Limited<\/a> reported a sharp recovery in its Q4 results 2026, driven by strong demand for recycled PET (rPET) products, improved BOPET film pricing, and better operating efficiencies.<\/p>\n\n\n\n

The company posted consolidated total income of \u20b9345.1 crore in the March quarter, up 7.2% from \u20b9321.9 crore a year earlier. EBITDA rose 10.7% year-on-year to \u20b943.3 crore, while EBITDA margin improved to 12.6% from 12.2%.<\/p>\n\n\n\n

Profit after tax surged 301% to \u20b97.9 crore in Q4 FY26 compared to \u20b92 crore in the same period last year. Earnings per share climbed to \u20b90.81 from \u20b90.21 earlier, reflecting the company\u2019s improving operational performance in the second half of the year.<\/p>\n\n\n\n

Management said the recovery was supported by favorable industry conditions, including anti-dumping measures on low-cost BOPET imports and the implementation of India\u2019s Plastic Waste Management Rules, which increased demand for recycled packaging materials.<\/p>\n\n\n\n

The polyester films business, which contributed nearly 87% of FY26 revenue, saw strong momentum. Segment revenue rose 14.9% year-on-year to \u20b9321 crore in Q4, while segment EBIT jumped 73.3% to \u20b942 crore. rPET sales volume more than doubled during the quarter to 1,677 MT, highlighting growing adoption of sustainable packaging solutions.<\/p>\n\n\n\n

Despite the strong quarter, the company reported a full-year net loss of \u20b927.5 crore, largely due to foreign exchange mark-to-market losses on overseas loans and one-time statutory charges. However, Ester generated consolidated cash profit of \u20b979.8 crore during FY26.<\/p>\n\n\n\n

The company also strengthened its balance sheet with \u20b9165.25 crore raised through share warrants and proposed a dividend of \u20b90.25 per share.<\/p>\n\n\n\n

Looking ahead, Ester Industries is expanding its circular economy business through its joint venture with Loop Industries Inc. to build a US$180 million recycling facility targeting 70,000 MT annual rPET output by 2028, with Nike signed as an anchor customer.<\/p>\n\n\n\n

<\/i><\/span>Ester Industries Q4 Results 2026 \u2013 Key Financial Highlights <\/h2>
<\/div><\/div>\n\n\n\n
Metric<\/th>Q4 FY26<\/th>Q4 FY25<\/th>YoY Change<\/th><\/tr><\/thead>
Total Income<\/td>\u20b9345.1 Cr<\/td>\u20b9321.9 Cr<\/td>\u2191 7.2%<\/td><\/tr>
EBITDA<\/td>\u20b943.3 Cr<\/td>\u20b939.1 Cr<\/td>\u2191 10.7%<\/td><\/tr>
EBITDA Margin<\/td>12.6%<\/td>12.2%<\/td>\u2191 40 bps<\/td><\/tr>
Profit After Tax (PAT)<\/td>\u20b97.9 Cr<\/td>\u20b92.0 Cr<\/td>\u2191 301%<\/td><\/tr>
EPS<\/td>\u20b90.81<\/td>\u20b90.21<\/td>\u2191 285.7%<\/td><\/tr>
Core EBITDA*<\/td>\u20b953.5 Cr<\/td>\u2014<\/td>Margin at 15.5%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/i><\/span>Business & Segment Performance Snapshot <\/h2>
<\/div><\/div>\n\n\n\n
Segment \/ Metric<\/th>Q4 FY26 Performance<\/th>Key Insight<\/th><\/tr><\/thead>
Polyester Films Revenue<\/td>\u20b9321 Cr<\/td>\u2191 14.9% YoY<\/td><\/tr>
Polyester Films EBIT<\/td>\u20b942 Cr<\/td>\u2191 73.3% YoY<\/td><\/tr>
Film Sales Volume<\/td>19,656 MT<\/td>\u2191 2.3% YoY<\/td><\/tr>
rPET Sales Volume<\/td>1,677 MT<\/td>\u2191 126% YoY<\/td><\/tr>
rPET Revenue FY26<\/td>\u20b959.3 Cr<\/td>\u2191 3.6x YoY<\/td><\/tr>
Value-Added Products Mix<\/td>25% of Q4 sales<\/td>Higher-margin portfolio growth<\/td><\/tr>
Specialty Polymers EBIT Margin<\/td>27.6%<\/td>Strong profitability maintained<\/td><\/tr>
EFTL Q4 Revenue<\/td>\u20b9131.7 Cr<\/td>\u2191 67.7% YoY<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/i><\/span>Growth Plans, Balance Sheet & Future Outlook <\/h2>
<\/div><\/div>\n\n\n\n
Category<\/th>Details<\/th><\/tr><\/thead>
Share Warrant Funding<\/td>\u20b9165.25 Cr raised<\/td><\/tr>
Proposed Dividend<\/td>\u20b90.25 per share<\/td><\/tr>
Cash & Liquid Investments<\/td>\u20b9159.5 Cr<\/td><\/tr>
Total Balance Sheet Size<\/td>\u20b91,673.9 Cr<\/td><\/tr>
Long-Term Borrowings<\/td>\u20b9404.9 Cr<\/td><\/tr>
Ester-Loop JV Project<\/td>US$180 Million recycling plant<\/td><\/tr>
Planned rPET Capacity<\/td>70,000 MT annually<\/td><\/tr>
Commercial Production Target<\/td>H2 CY2028<\/td><\/tr>
Anchor Customer<\/td>Nike<\/td><\/tr>
Sustainability Advantage<\/td>81% lower carbon emissions vs virgin polyester<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Source: https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachHis\/4bef21d9-c0b0-4b83-860b-1c16796826e6.pdf<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Ester Industries Limited reported a sharp recovery in its Q4 results 2026, driven by strong…<\/p>\n","protected":false},"author":2,"featured_media":1995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[386,264],"class_list":["post-1994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial-manufacturing","tag-ester","tag-q4-results-2026"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts\/1994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/comments?post=1994"}],"version-history":[{"count":1,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts\/1994\/revisions"}],"predecessor-version":[{"id":1996,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts\/1994\/revisions\/1996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/media\/1995"}],"wp:attachment":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/media?parent=1994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/categories?post=1994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/tags?post=1994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}