Q3 2026 Ester Industries Ltd Earnings Call Transcript
Key Points
- Ester Industries Ltd (BOM:500136) reported a significant volume growth of 46.4% in the Specialty Polymers segment during Q3 FY26, indicating strong demand.
- The company achieved a 37.2% year-on-year growth in sales volume for Ester Filmtech, reflecting improved operational scale.
- The US-India trade deal is expected to reduce tariffs from 50% to 18%, potentially boosting margins and performance in upcoming quarters.
- The company is focusing on enhancing its circular economy vision through the RPET business and the upcoming ELITe project, positioning for sustainable growth.
- Ester Industries Ltd (BOM:500136) maintained a 25% proportion of value-added and specialty films despite losing market share in North America, showing resilience in its strategic initiatives.
- Consolidated income for Q3 FY26 declined marginally by 2.1% year-on-year, reflecting a challenging external environment.
- Operating performance in terms of EBITDA reduced significantly due to aggressive price competition and foreign exchange losses.
- The company faced a loss after tax of INR4.9 crore compared to a profit in the previous year, indicating financial pressure.
- The depreciation of the Indian rupee against the US dollar and euro led to mark-to-market and reinstatement losses on foreign currency loans.
- The dumping of BOPET films by China has created pricing pressures in the domestic market, affecting competitiveness.
Ladies and gentlemen, good day and welcome to the Ester Industries Q3 and nine Month FY26 earnings conference call hosted by AdFactors PR.
(Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Amit Sharma from AdFactors PR. Thank you and over to you, sir.
Thank you, Shruti. Good afternoon, everybody, and a very warm welcome to you all. Thank you for participating in this earnings call of Ester Industries Limited for the third quarter ended December 31, 2025. Before we begin, please note that this conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. The statements are not a guarantee of future performance and involve risks and uncertainties that are difficult to predict.
On the call today, we have with us Mr. Vaibhav Jha, Deputy Chief Executive Officer; Mr. Pradeep Rustagi, Executive Director, Corporate Affairs; and Mr.
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