Ester Industries Limited has recommended a final dividend of ₹0.25 per equity share for the financial year ended March 31, 2026. The Board of Directors approved the payout ahead of its 40th Annual General Meeting (AGM), scheduled for Thursday, September 24, 2026.

The meeting will be conducted through Video Conferencing or Other Audio-Visual Means (OAVM). Shareholders on record as of Thursday, September 17, 2026, will be eligible for the dividend. If approved by members at the AGM, the company will pay the dividend within 30 days of declaration, subject to tax deduction at source (TDS).

Key Dates and Dividend Details

The final dividend is on equity shares with a face value of ₹5 each. Members must hold shares in their name as of the record date to receive the payout. Payments will be made electronically; no physical warrants will be issued.

Regulatory Compliance and Disclosures

In accordance with Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ester Industries has enclosed its Annual Report along with the Notice of AGM for FY26. The documents are being distributed exclusively through electronic mode to members who have registered their email addresses with the company, its Registrar and Transfer Agent (RTA), or depositories.

For shareholders who have not registered email addresses, the company has dispatched letters providing a web link to access the Notice of AGM and the Annual Report. This disclosure was made under Regulation 30 of the SEBI Listing Regulations.

Accessing Financial Documents

Shareholders can access the complete Annual Report and the Notice of AGM on the company's official website. The documents are hosted under the financial information section. The report is also available on the websites of National Securities Depository Limited (NSDL), BSE Limited, and National Stock Exchange of India Limited.

Poornima Gupta, Company Secretary and Compliance Officer of Ester Industries, signed the communication on September 2, 2026. She requested stakeholders to take the information on record.

KYC and Nomination Updates

Holders of securities in physical form are required to furnish or update their PAN, email address, mobile number, signature, and bank account details with the company or its RTA, MAS Services Limited. While nomination is not mandatory, members are encouraged to register a nomination or submit a declaration opting out of it.

Members holding shares in dematerialised form should ensure their details are updated with their respective Depository Participants (DPs). Failure to update KYC details may result in restrictions on lodging grievances or availing service requests. Dividend payments to physical shareholders will be processed electronically only if bank and KYC details are updated.

Ester Industries has released the full transcript of its earnings call held on Tuesday, August 18, 2026. The company announced the availability of the transcript on August 24, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The transcript reveals strong financial results for the first quarter of FY27 (Q1FY27), ended June 30, 2026. Consolidated total income increased 27.4% year-on-year to ₹441.9 crore, up from ₹346.9 crore in the corresponding quarter last year. Profit after tax turned positive at ₹18.6 crore, compared to a loss of ₹7.2 crore in Q1FY26. Consolidated EBITDA grew 103.4% to ₹58.9 crore, with margins expanding to 13.3% from 8.3%.

Standalone total income rose 22% to ₹347.7 crore. Standalone EBITDA increased 25.2% to ₹40 crore, with an EBITDA margin of 11.5%. Standalone PAT grew 50.5% to ₹14.5 crore from ₹9.6 crore.

*Derived from disclosed growth percentage and current value.

Segment Highlights

The Polyester Film segment drove the revenue growth, with consolidated film revenues rising approximately 38% year-on-year to ₹399.5 crore. Film volumes increased 2.7% to 22,120 metric tons. The segment delivered an EBIT margin of 9.8%, up from 2.4%, supported by improved realizations and a higher contribution from Value-Added Specialty (VAS) products. VAS volumes grew 23% to 6,368 metric tons, accounting for 29% of total film volumes.

Ester Filmtech, a wholly-owned subsidiary, saw sales volume increase 22.7% to 9,807 metric tons. Its total income surged 62.7% to ₹159.6 crore. The unit turned profitable with a PAT of ₹4.7 crore, compared to a loss of ₹16.5 crore in the previous year. Capacity utilization reached 83%, the highest level achieved so far.

The Specialty Polymers segment reported lower volumes of 725 metric tons and revenue of ₹32.7 crore due to demand pressure in one high-margin product. However, profitability improved significantly, with EBIT margins rising to 45.3% from 31.7%.

The rPET business recorded a 19% year-on-year volume increase to 1,394 metric tons, with revenue growing 24% to ₹17.5 crore.

What the Numbers Show

The significant divergence between consolidated revenue growth (27.4%) and EBITDA growth (103.4%) highlights the impact of operational leverage and margin expansion. While film volumes grew modestly at 2.7%, the shift toward higher-margin VAS products and improved capacity utilization (84% consolidated) drove disproportionate profit growth. Additionally, the turnaround in Ester Filmtech’s performance contributed materially to the consolidated bottom line, turning a significant loss into a profit.

Strategic Updates and Outlook

Management highlighted favorable industry dynamics, including stable global BOPET prices and moderated trade tariffs following US Supreme Court rulings. The company aims to increase the proportion of VAS products to 50-60% over the next two to three years.

Regarding the ELITe joint venture with Loop Industries, the project is progressing through the engineering phase. Land acquisition is expected to conclude within two months, with operations targeted for calendar year 2028. Loop Industries secured a letter of intent from a global sports brand for up to 15,000 metric tons per year of PET fibre-grade resin.

On the balance sheet, gross total debt stood at ₹722 crore as on June 30, 2026, with liquidity of ₹236 crore. The company targets debt repayment of ₹100 crore for FY27. No major capex is planned for the standalone entity or polymer business beyond sustenance capex this fiscal year.