Ester Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 21, 2025, recommended Final Dividend of Rs. 0.60 per equity share.
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Ester Industries' Board, at its May 21, 2025 meeting, approved audited standalone and consolidated results for Q4 and FY ended March 31, 2025. Standalone revenue from operations rose about 25% year-on-year to Rs. 1,070.46 crore (vs Rs. 855.39 crore in FY24), while the company swung back to a standalone profit after tax of Rs. 40.53 crore compared with a loss of Rs. 43.33 crore in FY24. Consolidated revenue grew to Rs. 1,282.14 crore with a consolidated PAT of Rs. 13.70 crore against a loss of Rs. 121.05 crore last year. The Board recommended a final dividend of Rs. 0.60 per equity share (on face value of Rs. 5), subject to shareholder approval. Statutory auditors Walker Chandiok & Co LLP issued an unmodified (clean) opinion on both sets of results.
Strong revenue growth and a sharp turnaround from loss to profit are positive signals for shareholders, likely to support sentiment on the stock. The modest dividend payout (12% of face value) suggests the company is retaining cash, partly to fund its new 50:50 joint venture with Loop Industries Inc. for PET recycling capacity.