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Earnings Call Transcript

Ester Industries Earnings Call Transcript: Key Takeaways

Ester Industries returned to profitability in Q1 FY27, driven by a recovery in BOPET film spreads and high capacity utilization.

Guidance and delivery
Management target Revenue 20.0% FY29
Highlights
Revenue growth27.4% YoY consolidated revenue growth to ₹441.9 crore.
MarginsEBITDA margins expanded to 13.3% from 8.3% YoY.
Order bookLOIs from Nike and global sports brands for recycled resin.
Demand visibilityStrong domestic and export demand recovery for BOPET films.
Management confidenceConfident, highlighting structural tailwinds and recycling segment potential.

Growth

Consolidated revenue grew 27.4% YoY; EBITDA more than doubled as operating leverage kicked in across segments.

Outlook

Management targets ₹2000-2200cr revenue in 2-3 years and 20% CAGR in Specialty Polymers.

Risks

One-time forex/investment gains (₹10cr) inflated PAT; specialty polymer demand faces temporary pressure in high-margin products.

Last quarter's promises, checked

Delivered

  • Guided 20% growth in Specialty Polymers → delivered 21% volume growth (= BEAT)
  • Guided ₹85cr debt repayment → delivered ₹100cr planned/on-track (= BEAT)
  • Guided BOPET margin recovery → delivered EBITDA margin expansion to 13.3% (= BEAT)

Partly delivered

  • Guided ₹70cr total capex → delivered ₹15cr for new projects (= PARTIAL)
Source

Earnings Call Transcript filed with NSE, NSE: ESTER. Summary written with AI assistance from the document.

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Ester Industries Ltd: key numbers

Share price
₹86.14
Market cap
₹898.4 Cr
Revenue (annual)
₹1,375 Cr
Net profit (annual)
₹-27.47 Cr
P/E (TTM)
-529.1×Sector 41.4×
Promoter holding
62.32%-0.39% QoQ
FII holding
0.03%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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