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Ester Industries Limited Q2 FY26 earnings call summary

NSE: ESTER · BSE: 500136

Earnings call of 17 Nov 2025, summarised by AI from the filing.

Ester Industries Q2 FY26 consolidated revenue ₹357 cr, up 7% year-on-year, but EBITDA fell 59.7% to ₹17.33 cr on import pressure and U.S. tariffs.

Key takeaways

  1. Revenue Consolidated revenue ₹357 cr, a 7% year-on-year growth, supported by higher volumes across both Polyester Films and Specialty Polymers segments.
  2. Guidance Specialty Polymers EBIT margin expected to sustain in the 35% to 40% range going forward.
  3. Change Consolidated EBITDA decreased 59.7% year-on-year to ₹17.33 cr, with margin at 4.85%, due to lower Polyester Films margins.
  4. Risk Heavy imports at predatory pricing and U.S. trade tariffs impacted domestic and overseas margins.

Original filing on BSE

Ester Industries Limited Q1 FY27 results

As filed: Revenue ₹432 cr (+28% year on year), EBITDA ₹49.6 cr (+161% year on year), PAT ₹18.6 cr, EBITDA margin 11.5% (+585 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹344 cr (+8% year on year), EBITDA ₹42.3 cr (+17% year on year), PAT ₹7.9 cr (+294% year on year), EBITDA margin 12.3% (+101 bps). Score 39 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA growth was in line with it. EBITDA margin rose 101 bps year on year. Consolidated profit +294% but standalone -63%. Share price after the results: −6.3% in 30 days (Nifty 500: +1.3%).
  • Q3 FY26: Revenue ₹339 cr (−2% year on year), EBITDA ₹16.7 cr (−72% year on year), PAT −₹12.4 cr (−150% year on year), EBITDA margin 4.9% (−1,000 bps). Score 20 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA growth was below it. EBITDA margin fell 1000 bps year on year. Revenue fell 4% from last quarter. Share price after the results: −2.9% in 28 days (Nifty 500: −4.0%).
  • Q2 FY26: Revenue ₹354 cr (+7% year on year), EBITDA ₹15.0 cr (−62% year on year), PAT −₹16.0 cr (−300% year on year), EBITDA margin 4.2% (−755 bps). Score 20 of 100, Below trend. Revenue growth was below the company's own trend. EBITDA margin fell 755 bps year on year. Share price after the results: +1.4% in 28 days (Nifty 500: −0.5%).
  • Q1 FY26: Revenue ₹338 cr (+18% year on year), EBITDA ₹19.0 cr (+73% year on year), PAT −₹7.0 cr, EBITDA margin 5.6% (+178 bps). Score 45 of 100, In line with trend. Revenue growth was in line with the company's own trend. EBITDA margin rose 178 bps year on year. Profit fell 450% from last quarter. Revenue rose ₹52.0 cr on a year ago, more than the ₹28.0 cr it added the year before. Share price after the results: −11.9% in 30 days (Nifty 500: −2.5%).
  • Q4 FY25: Revenue ₹319 cr (+15% year on year), EBITDA ₹36.0 cr (+300% year on year), PAT ₹2.0 cr, EBITDA margin 11.3% (+912 bps). Score 39 of 100, Below trend. Revenue growth was in line with the company's own trend. EBITDA margin rose 912 bps year on year. Other income 50% of PBT. Tax rate 67%. Revenue fell 8% from last quarter. Share price after the results: +1.5% in 30 days (Nifty 500: +1.4%).
  • Q3 FY25: Revenue ₹346 cr (+29% year on year), EBITDA ₹59.0 cr, PAT ₹25.0 cr, EBITDA margin 17.1% (+1,000 bps). Score 68 of 100, Above trend. Revenue growth was above the company's own trend. EBITDA margin rose 1000 bps year on year.
  • Q2 FY25: Revenue ₹331 cr (+27% year on year), EBITDA ₹39.0 cr, PAT ₹3.0 cr, EBITDA margin 11.8% (+1,000 bps). Score 74 of 100, Above trend. EBITDA margin rose 1000 bps year on year. Other income 43% of PBT. Tax rate 57%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Ester Industries Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.