Slide 1: Exchange filing cover letter
INDUSTRIES LTD. CIN: L24111UR1985PLC015063 Date: 7th February 2026 BSE Limited (BSE) National Stock Exchange of India Limited (NSE) Department of Corporate services Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Dalal Street, Mumbai – 400001 Bandra (E), Mumbai
Slide 2: Investor Presentation | Q3 & 9M FY26
ESTER Industries Ltd. Investor Presentation | Q3 & 9M FY26 1
Slide 3: Disclaimer
Disclaimer Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause actual resu
Slide 4: Table of Contents
Table of Contents Company Overview Business Overview Sustainability at the core Industry Financial Annexures Overview Overview 3
Slide 5: Company Overview
Company Overview 4
Slide 6: About Us
About Us Organization with 4 decades of Sustainability 3 State-of-the-art Exports to 50+ legacy at the core manufacturing facilities countries CRISIL A- JV with Loop Industries Inc. 605+ Employees 20+ granted Patents Credit Rating (Long Term) A step towards circular economy Business Segments Polyest
Slide 7: State-of-the-art Manufacturing Facilities
State-of-the-art Manufacturing Facilities Sitarganj Gurgaon Khatima Corporate Headquarter Installed Capacity Hyderabad Business Segments Products Capacity Manufacturing Facility Polyester Chips 67 KTPA Polyester Films Polyester Films 108 KTPA rPET 28 KTPA Specialty Polymers Specialty Polymers 30 KTP
Slide 8: Global Presence
Global Presence Present in 50+ countries across the globe Revenue Breakup Q3 FY26(%) 38% 62% Domestic Export 7
Slide 9: Key Customers
Key Customers A flexible packaging and specialty polymer solutions provider, serving varied needs of customers across sectors. 8
Slide 10: Business Overview
N94 eu Business Overview
Slide 11: Business Segments (Consolidated Basis)
Business Segments (Consolidated Basis) Polyester Films* Specialty Polymers 85 % Q3FY26 Segmental Break-up 15 % 85 % 9MFY26 Segmental Break-up 15 % *includes rPET 10
Slide 12: Polyester Film Business
Polyester Film Business Product Categories 300+ BOPET Films SKUs Plain Films Metallized Films Holographic Films Polyester Films with up to 100% (non-metallized and non-coated Films) Recycled content Window Metallized Films Coated/Barrier Films Share of Value Added products* Application Industries Q3
Slide 13: Ester produces large number of BOPET films for several applications
Ester produces large number of BOPET films for several applications mainly for packaging solutions Coated Films products Barrier Films Products Both side coated films, Chemical resistance films, Low Transparent high oxygen barrier films, Transparent high COF Films, Digital Printable films, Antifog F
Slide 14: Application Categories for Polyester Film
Application Categories for Polyester Film Application Categories Flexible Packaging Barrier Packaging Twist Packaging Lidding Shrink Sleeving Holographic Cable Insulation Soft Finish Aesthetic Labels & Graphics 13
Slide 15: Key Features – Polyester Film SBU
Key Features – Polyester Film SBU: Focus on developing new Value Added products Committed to improve production efficiency, operating leverage and control costs to improve profitability over the long term Aiming towards increasing the share of Value Added Products on consolidated basis to ~30% by la
Slide 16: Specialty Polymers
Specialty Polymers • Able to develop, manufacture & supply customized grades of specialty polyesters for various 3 Batch Polymerisation Lines 01 applications. • Manufactures a wide range of Polyesters and allied co-polymers 6 Batch Solid State • Ester Industries is a global leader in manufacturing a
Slide 17: Sustainability at the core
Sustainability at the core 16
Slide 18: Sustainable Solutions
Sustainable Solutions At Ester Industries, we combine high-performance products with responsible manufacturing, driving innovation that supports a more sustainable future Key pillars Circular economy practices Green Technology Renewable energy initiatives • Dedicated to reducing waste, reusing • Har
Slide 19: True Circular Economy: JV with Loop Industries
True Circular Economy: JV with Loop Industries Ester Loop Infinite Technologies Private Limited (ELITe), a 50:50 Joint Through chemical recycling of polyester textile waste, recycled chips will Venture with Loop Industries, US NASDAQ listed company be offered to apparel, home furnishing and other te
Slide 20: Ester & Loop JV - ELITe
Ester & Loop JV - ELITe Target industries for products made from Loop’s patented technology Electronics Textile Automotive Cosmetics Rigid Packaging Flexible Packaging Loop rDMT & rMEG and recycled PET Chips made from rDMT & rMEG enable companies to ~US$ 28bn ~4% CAGR Increase their Launch ne
Slide 21: Government Mandates Driving Recycled Demand
Government Mandates Driving Recycled Demand European Union Ecodesign for Sustainable 100% of plastics recycled in 2025 target Products Regulation (ESPR) 77% of beverage bottles to be collected €450/tonne on virgin Separate collection of textile single use plastic, Jan waste becomes mandatory 2025: C
Slide 22: Recycling – Solution to Environmental Challenges
Recycling – Solution to Environmental Challenges Mechanical Recycling (rPET) offers cost effective sustainable solution Recycled Polyester Resin offerings for advance applications 8,000 Sitarganj TPA 20,000 Hyderabad TPA Bottles Specialty Polymers Films Patent filed for Ultra Clean Crystal Clear rPE
Slide 23: Our Recycling Strategy
Our Recycling Strategy Ester has adopted mechanical recycling in its existing operations while chemical recycling will be adopted by ELITe Criteria Mechanical Recycling Chemical Recycling ▪ Feed Stock ▪ Scrap PET bottles • Packaging waste / Polyester textile waste / any kind of polyester waste ▪ Mat
Slide 24: Minimizing Our Environmental Footprint
Minimizing Our Environmental Footprint Ester’s environmental agenda is to achieve resource efficiencies and reduce the impact of our operations on the environment. Monthly water usage reduced 13% from 1,114 m3/24 hours to 976 Usage of rice husk (biofuel) as m3/24 hours primary fuel for heating and s
Slide 25: Industry Overview
Industry Overview 24
Slide 26: Industry Scenario
Industry Scenario Shift Towards Sustainable & Export Demand BOPET Thin Film Market in India 2025 (in KT) PCR content Materials India is a major exporter of polyester films PWMR* has mandated 10% PCR content in flexible to Europe, North America and Southeast 1350 packaging. This is pushing brand owne
Slide 27: Financial Overview
Financial Overview 26
Slide 28: Chairman’s Comments
Chairman’s Comments “ During the quarter ending December 2025, the company navigated a demanding external landscape characterized by significant margin pressure within the BOPET Film segment. This strain was primarily driven by US trade tariffs and the predatory pricing of BOPET Films exported from
Slide 29: Q3 & 9M FY26 Consolidated Financial Highlights
Q3 & 9M FY26 Consolidated Financial Highlights Q3 FY26 9M FY26 Income EBITDA Income EBITDA INR 343.5 Cr INR 20.9 Cr INR 1,047.6 Cr INR 67.3 Cr (2.1)% YoY (67.7)% YoY 7.2% YoY (46.1)% YoY PAT EBITDA margin PAT EBITDA margin INR (12.4) Cr 6.1 % INR (35.4) Cr 6.4 % PAT Margin EPS PAT Margin EPS (3.6) %
Slide 30: Q3 & 9M FY26 Standalone P&L
Q3 & 9M FY26 Standalone P&L Particulars (Rs. Crs.) Q3 FY26 Q3 FY25 Y-o-Y (%) 9M FY26 9M FY25 Y-o-Y (%) Total Income 254.0 277.3 (8.4)% 802.3 823.6 (2.6)% EBITDA (Including Non 14.3 44.3 (67.6)% 60.3 97.5 (38.2)% Operating Income) EBITDA Margin (%) 5.7% 15.9% (1020) bps 7.5% 11.8% (430) bps Profit Af
Slide 31: Q3 & 9M FY26 Ester Filmtech Limited P&L
Q3 & 9M FY26 Ester Filmtech Limited P&L Particulars (Rs. Crs.) Q3 FY26 Q3 FY25 Y-o-Y (%) 9M FY26 9M FY25 Y-o-Y (%) Sales Volume (MT) 9,186 6,698 37.2% 27,552 20,624 33.6% Total Income 106.0 93.4 13.5% 323.8 273.7 18.3% EBITDA* 7.1 22.2 (67.9)% 8.4 29.1 (71.2)% EBITDA Margin (%) 6.7% 23.8% (1710) bps
Slide 32: Q3 & 9M FY26 Consolidated P&L
Q3 & 9M FY26 Consolidated P&L Particulars (Rs. Crs.) Q3 FY26 Q3 FY25 Y-o-Y (%) 9M FY26 9M FY25 Y-o-Y (%) Total Income 343.5 351.0 (2.1)% 1,047.6 977.1 7.2% EBITDA* 21.0 64.9 (67.7)% 67.3 124.8 (46.1)% EBITDA Margin (%) 6.1% 18.5% (1240) bps 6.4% 12.8% (640) bps Profit After Tax (12.4) 24.8 (35.4) 11
Slide 33: Q3 & 9M FY26 Polyester Films Segment - Consolidated
Q3 & 9M FY26 Polyester Films Segment - Consolidated Particulars (Rs. Crs.) Q3 FY26 Q3 FY25 Y-o-Y (%) 9M FY26 9M FY25 Y-o-Y (%) Chips Sales Volume (MT) 4,001 1,536 160.5% 6,611 2,913 126.9% Films Sales Volume (MT) 18,000 20,178 (10.8)% 60,860 57,363 6.1% rPET Sales Volume (MT) 1,431 370 286.7% 3648 7
Slide 34: Q3 & 9MFY26 Specialty Polymer Segment - Consolidated
Q3 & 9MFY26 Specialty Polymer Segment - Consolidated Particulars (Rs. Crs.) Q3 FY26 Q3 FY25 Y-o-Y (%) 9M FY26 9M FY25 Y-o-Y (%) Sales Volume (MT) 1,063 726 46.4% 3,178 2,411 31.8% Revenue 51.2 29.6 72.9% 156.7 115.5 35.6% EBIT 15.9 9.9 61.8% 52.4 44.1 18.9% EBIT Margin (%) 31.2% 33.3% (210) bps 33.5
Slide 35: 9M FY26 Consolidated Cash Flow Statement
9M FY26 Consolidated Cash Flow Statement Cash flow (April 25 to December 2025) Rs. In Crores Nature S. No: Particulars Total 1 Opening Cash & Bank and other Bank Balance 68.0 1a Investment as on 1st April 2025 58.0 2 Profit before tax (33.7) Operating 3 Depreciation 78.5 Operating Source Sub total 1
Slide 36: Annexures
B Annexures 35
Slide 37: Key Milestones
Key Milestones Company Incorporated Film Line-1 production Modernization of Chips Cost reduction through First Two Stage Set up a second Two-Stage Offline capacity enhanced to 6000 plant to use PTA in place Bio-mass Fuelled heating & Offline Coater – Coater, PCR Extruder at EFTL, Telangana, MT of DM
Slide 38: Certifications and Accreditations
Certifications and Accreditations ISO 9001: 2015 ISO 14001: 2015 ISO 45001: 2018 ISO 50001: 2018 Quality Management Systems Environmental Management Systems Occupational Health & Safety Energy Management Systems Management Systems Sustainability focused certifications GRS TUV Rheinland FSSAI TUV Aus
Slide 39: Management Expertise
Management Expertise Mr. Arvind Singhania Mr. Vaibhav Jha Chairman and CEO Deputy CEO Mr. Singhania, co-founder of Ester, has been actively associated Vaibhav Jha plays a crucial role in shaping and executing with the company since its inception in the Ester Industries' strategic vision. An IIT Bomb
Slide 40: Strong, transparent governance for long-term sustainability
Strong, transparent governance for long-term sustainability Emphasis on Compliances ▪ Installed compliance management tool (developed by PWC) in 2015 to ensure adherence to statutory & regulatory compliances. Implemented Code of Conduct for ▪ Audit of the compliance management tool to ensure zero no
Slide 41: CSR Projects (FY25)
CSR Projects (FY25) Empowering Through Udan GirlsFirst Ester Scholarship Mission – Telangana: Program – Uttarakhand: ▪ Improving Living Conditions: Enhancing ▪ Provided scholarship support to over the quality of life for migrant Odia 40 deserving girls from underprivileged populations in Telangana’s
Slide 42: About Us: (CIN :- L24111UR1985PLC015063)
About Us: (CIN :- L24111UR1985PLC015063) Incorporated in 1985, Ester Industries Limited (EIL), a public limited listed company promoted by Singhania family, is an ISO 50001:2018, ISO 45001:2018, ISO 14001:2015, ISO 9001:2015 and Food Safety System Certification 22000 certified leading manufacturer o
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