Ester Industries Ltd's Q3FY25 Quarter Results
- 06 Feb 2025
Result Summary
- Ester Industries Ltd reported a 5.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 28.9%.
- Its expenses for the quarter were down by 2.3% QoQ and 0.8% YoY.
- The net profit increased 721.9% QoQ and decreased 155.4% YoY.
- The earnings per share (EPS) of Ester Industries Ltd stood at 2.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 350.98 | 333.78 | 272.37 | 5.2% | 28.9% |
Total Expenses | 319.63 | 327.04 | 322.36 | -2.3% | -0.8% |
Profit Before Tax | 31.35 | 6.74 | -49.98 | 365.1% | -162.7% |
Tax | 6.54 | 3.72 | -5.16 | 75.8% | -226.7% |
Profit After Tax | 24.82 | 3.02 | -44.82 | 721.9% | -155.4% |
Earnings Per Share | 2.60 | 0.30 | -5.40 | 766.7% | -148.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Ester Industries Ltd is a company engaged in the production and sale of polyester films and engineering plastics. The company operates in the materials sector, primarily focusing on providing high-quality products used in various industrial applications. Polyester films are widely used in packaging, electrical, imaging, and other industries, whereas engineering plastics find applications in diverse fields such as automotive, electronics, and consumer goods. While specific recent major developments for Ester Industries Ltd are not available in this context, companies in this industry typically focus on innovation and expanding their product offerings to meet customer demands and technological advancements.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Ester Industries Ltd reported a total income of ₹350.98 crores. This represents an increase of 5.2% compared to the previous quarter (Q2FY25), where the total income was ₹333.78 crores. Additionally, there is a significant year-over-year increase of 28.9% from Q3FY24, when the total income stood at ₹272.37 crores. The growth in revenue indicates a strong performance in generating income over both the quarterly and yearly periods.
Profitability
The profitability metrics for Ester Industries Ltd in Q3FY25 show notable improvements. The company achieved a Profit Before Tax (PBT) of ₹31.35 crores, marking a substantial quarter-over-quarter increase of 365.1% from Q2FY25, where PBT was ₹6.74 crores. Year-over-year, the PBT has shifted from a loss of ₹49.98 crores in Q3FY24, indicating a considerable turnaround. The Profit After Tax (PAT) for Q3FY25 stands at ₹24.82 crores, reflecting a remarkable increase of 721.9% compared to ₹3.02 crores in Q2FY25. The PAT also improved from a loss of ₹44.82 crores in Q3FY24. Earnings Per Share (EPS) for Q3FY25 is ₹2.60, significantly higher than ₹0.30 in the previous quarter and a negative EPS of ₹5.40 in the same quarter last year.
Operating Metrics
During Q3FY25, Ester Industries Ltd reported total expenses of ₹319.63 crores, which is a decrease of 2.3% from the previous quarter's expenses of ₹327.04 crores. On a year-over-year basis, total expenses have slightly decreased by 0.8% from ₹322.36 crores in Q3FY24. This reduction in expenses alongside the increase in total income has contributed to the improved profitability metrics for the quarter. The tax expense for Q3FY25 was ₹6.54 crores, which is higher than the ₹3.72 crores recorded in Q2FY25, reflecting a 75.8% increase. Compared to a tax credit of ₹5.16 crores in Q3FY24, the current tax expense indicates a return to profitability. These operating metrics suggest that the company has effectively managed its expenses while achieving significant growth in income.
