Ester Industries reports revenue at Rs365cr for Q3 FY'22

7 Feb 2022 , 04:14 PM

Ester Industries Limited, India’s leading manufacturer of Polyester Films, Engineering Plastics, and Specialty Polymers, announced its financial results for the quarter and nine months ended December 31, 2021.

Commenting on the performance, Mr. Arvind Singhania, Chairman, Ester Industries said: “We are pleased with our performance for the quarter wherein we have delivered a healthy topline growth both on a Y-o-Y and Q-o-Q basis. The growth was largely broad-based with all our businesses registering healthy run rates.

Revenue from operations was Rs 365 crore for Q3 FY’22 against Rs 256 crore for Q3 FY’21 reflecting a growth of 43% YoY. While revenue for the 9M period ended December 2021 grew by 46.3% YoY at Rs 1017 crore as against Rs 695 crore for the previous corresponding quarter.

EBIDTA for the quarter ended December 2021 stood at Rs 64 crore against Rs 58 crore for the previous corresponding quarter, up by 10.30% YoY. 9M EBITDA for Q3 FY’22 stood at Rs 187 crore against Rs 183 crore for Q3 FY’21, gaining 2.2% YoY. EBITDA margin stood at 17.4% for Q3 FY’22.

Company’s PAT stood at Rs 36 crore for the quarter ending December 2021 as against Rs 33 crore for the previous corresponding quarter, reflecting a growth of 8% over the last year. PAT for 9M ended December 2021 stood at Rs 106 crore as compared to Rs 108 crore, down by 0.9% YoY. PAT margin for the quarter was reported at 9.7%.

Ester Industries closed at Rs130.50 down by Rs1.8 or 1.36% from its previous closing of Rs132.30. The scrip opened at Rs132.65 and has touched an intraday high and low of Rs133.10 and Rs129.60 respectively.