Ester Industries Limited has informed the Exchange about Transcript

Ester Industries reported subdued Q3 FY26 results, with consolidated income declining 2.1% year-on-year to INR 343.5 crores and EBITDA falling 67.7% to INR 21 crores (margin of 6.1%). The company swung to a loss after tax of INR 4.9 crores versus a profit of INR 18.6 crores in the year-ago quarter, hurt by Chinese dumping of BOPET films, U.S. tariff disruptions, and one-off items including INR 4.95 crores in FX mark-to-market losses and INR 2.67 crores from new labor code provisions. The Specialty Polymers segment was a bright spot, posting 46.4% volume growth and 72.9% revenue growth, while Ester Filmtech's capacity utilization improved to 76% from 55% a year ago. Management highlighted several near-term positives — the U.S.-India trade deal is expected to cut tariffs from 50% to 18% by mid-March 2026, an antidumping investigation into Chinese BOPET imports has been initiated, and PWMR rules mandating 10% recycled content are driving domestic demand. Management stated the segment is currently at the bottom of the cycle and expects improvement in coming quarters.