Investor Presentation - Q1 FY 2026 is attached.
FILATEX · price
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Filatex India reported FY26 revenue of ₹4,160.52 crore (down 2.15% YoY) but saw strong profitability improvement with EBITDA up 34.47% to ₹346.52 crore and PAT up 36.66% to ₹183.90 crore. EBITDA margin expanded to 8.33% from 6.06% in FY25, driven by improved product mix and operational efficiency. The company has five capex projects under Vision 2028 totaling ₹690 crore, including ECOSIS (India's first textile-to-textile recycling plant at 26,750 TPA, commissioning Sep 2026) and PFY expansion of 55,000 TPA. MoUs were signed with Decathlon India and American & Efird Global for recycled polyester trials. Management cited temporary industry headwinds from West Asia geopolitical tensions affecting raw material costs in March 2026, but noted government customs duty relief on PTA and MEG effective April 2026 as a positive offset.
The margin expansion despite revenue decline signals effective cost management and product mix improvement, which is positive for shareholder returns. The ₹690 crore capex program funded via internal accruals and structured debt positions the company for next-generation growth in circular materials while maintaining contained leverage.