Ester Industries Reports Rs 158.19 Crore Unutilized from Rs 175 Crore Warrant Issue 2 hours ago Today
Ester Industries submitted a monitoring agency report for Q2 2025, detailing the use of proceeds from its recent preferential issue of convertible warrants. Out of Rs 174.99 crore total issue size, Rs 16.80 crore has been utilized for investment in joint venture Ester Loop Infinite Technologies Private Limited. Rs 158.19 crore remains unutilized, with Rs 68.95 crore deployed in fixed deposits earning 4.50% to 6.25% returns. Rs 89.24 crore is pending receipt from warrant holders, expected upon conversion by May 13, 2026. The report, prepared by CRISIL Ratings Limited, indicates no deviations from stated objectives or delays in implementation.
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More news about Ester Industries
21May 25
Ester Industries Bounces Back: Q4 Results Show Significant Improvement
Ester Industries, a leading polyester films manufacturer, has shown a significant financial turnaround in Q4. Revenue increased by 15.9% year-over-year to ₹3.20 billion. The company reported a net profit of ₹19.60 million, compared to a loss of ₹237.00 million in the same quarter last year. EBITDA surged by 509.7% to ₹364.60 million, with the EBITDA margin improving from 2.16% to 11.42%. This performance indicates a strong recovery in demand and improved operational efficiency.