Please find attached Letter for transcript of earnings conference call held on 04.05.2026 for Q4 and FY 2026 Results.

Filatex India reported FY26 revenue of INR 4,160 crores (vs INR 4,252 crores in FY25), with EBITDA surging 34.5% to INR 346.50 crores and PAT rising 36.7% to INR 183.9 crores despite a modest volume decline. Q4 FY26 saw a sharp year-on-year EBITDA improvement of 13.86% to INR 86.26 crores, though near-zero EBITDA margins in March reflect severe margin compression driven by a 40-45% surge in petrochemical input costs due to Middle East geopolitical disruptions. Management highlighted that industry-wide capacity utilization has dropped to ~60%, while Filatex operates at ~75%. The company is executing a INR 690 crore CAPEX program (INR 335 crores debt, rest equity) covering PFY Brownfield expansion, a textile-to-textile recycling Greenfield project, automation, and a steam monetization initiative, collectively targeting an annual EBITDA impact of INR 218-230 crores. A new recycling subsidiary (Ecosis) is expected to generate INR 350-400 crores revenue at 30%+ EBITDA margins, with yarn pricing at INR 180-225/kg vs ~INR 120/kg for virgin yarn. India's upcoming PTA capacity additions (GAIL by July 2026, Indian Oil by December 2026, Reliance by end-2027) totaling ~5.6 million tons will structurally reduce import dependence over the next 24 months.