Ester Industries, India’s leading manufacturer of polyester films and specialty polymers, has announced its financial results (standalone and consolidated) for the quarter and financial year ended 31 March 2025.
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, supported by improved demand-supply dynamics.
“With the Plastic Waste Management Rules mandating 10% recycled content in flexible packaging from 1 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 joint 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.”
