Investor Presentation

INDUSTRIES LTD. C IN: L24111UR1985PLC015063 Date: 4th November 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 – 400051 Scrip Code: 500136 Symbol: ESTER Dear Sir/Madam, Subject: Investor Presentation on Un-Audited Financial Results for the quarter and half year ended on 30th September 2026 Please find enclosed herewith the Investor Presentation on Un-Audited Financial Results of the Company for the quarter and half year ended on 30th September 2026. Please take the same on your records. Thanking you, Yours faithfully, For Ester Industries Limited Poornima Gupta Company Secretary & Compliance Officer Membership No.: A49876 Encl: As above Industries Ltd. Investor Presentation | Q2 & H1 FY27 Disclaimer Statementsinthisdocumentrelatingtofuturestatus,events,orcircumstances,includingbutnotlimited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current anddeveloping circumstances. Suchstatements are subjectto numerous risks anduncertainties and are notnecessarily predictive offutureresults. Actual results may differmaterially fromthose anticipatedin the forward-looking statements. The company assumes no obligation to update forward-looking statements toreflectactualresults,changedassumptions orotherfactors. Table of Contents Financial Overview Company Overview Business Overview Sustainability at the core Financial Overview Commenting on the results… Improvement witnessed in Q1FY27 continued during Q2FY27 with improving operating environment, higher realizations, increased throughput andafavorableproductmix. Consolidated Total Incomeincreased 25.7% Y-o-Y to₹449.0crores, while EBITDA more than doubled, rising 160% Y-o-Yto ₹45.1crores.EBITDA margin expanded significantly to 10% from 4.9% in Q2FY26, reflecting improved operating performance and better business mix resulting from higher contribution of Value-Added products within Film segment and better realizations across product portfolio. PAT turned positive at ₹7.80 crores,comparedwithalossof₹15.8croresinthecorrespondingquarterlastyear. TheoperatingenvironmentfortheBOPETFilmindustryremainedstableduringQ2FY27,withtheUStariff-relateddisruptionswitnessedinFY26, largely behind us. However,disruptions in crude oil supplyand price fluctuations caused bywar in West Asia are resulting into higher shipping costsandlongertransittimewhichisadverselyimpactingworkingcapitalcycle. In Specialty Polymers, sales volume was 711 MT in Q2FY27 against 1,161 MT in Q2 FY26, however segment EBIT margin remained healthy at 33.9%. Though one of the marquee products in Specialty Polymers SBU has seen demand erosion but basis the strong product pipeline, and expectedcustomerapprovalforanewproductpostmarginalcapitalexpenditureinnearfutureisexpectedtopartiallymakegoodthelostsales volume&margins. Our performance reflects the strength of our strategy, the resilience of our business and our relentless focus. However, the global geopolitical environmentremainsuncertain,creatingchallengesforrawmaterialcostsandpricingvisibility. Lookingahead,weremainconfidentaboutEster’smediumtolong-termgrowthprospects,supportedbyimprovingindustryconditions,favorable regulatorytailwindsanditscontinuedfocusonpremiumandValue-Addedproducts.Theincreasingfocusondifferentiatedproductsisexpected to providegreater resilienceacross industrycyclesand support sustainablemargin improvementover themedium to longterm.Byfocusingon operationalefficiency,capacityutilizationandadvancedSpecialtyproducts,thecompanyremainscommittedtodrivingprofitabilitygrowthand Mr. Arvind Singhania reducingitsenvironmentalfootprints. Chairman As regard to ELITe project, we are glad to inform that various aspects related to implementation of the project by last quarter of CY 2028 are progressing well with acquisition of land expected to be completed by Q4FY27. Marketing & Off Take agreement with an anchor customer coupled with a Letter of Intent secured from a leading global sports and athletic brand for Loop PET Fiber Grade resin, under a multi-year frameworkforofftakefromitsupcomingGujaratfacilitywouldensurethatasignificantportionoftheplannedcapacitygetscommittedaheadof commercial production. This early customer validation provides strong visibility for the JV’s recycled platform and underscores the growing demandforitsValue-Added,sustainableproductofferings. Q2 & H1 FY27 Consolidated Financial Highlights Income EBITDA Income EBITDA INR Cr INR Cr INR Cr INR Cr 25.7% YoY 160.0% YoY 26.5% YoY 124.6% YoY PAT EBITDA margin PAT EBITDA margin INR Cr INR Cr PAT Margin EPS PAT Margin EPS INR INR • Consolidated income increased by 25.7% Y-o-Y to ₹449 Cr in Q2FY27 and grew by 26.5% to ₹891 crore in H1FY27. The growth was primarily driven by strong operating performanceinthePolyesterFilmsbusiness • TheFilmsbusinessremainedakeygrowthdriver,withvolumeofsalesinFilmbusinessincreasingby13.9%Y-o-Yandrevenuerisingnearlyby39.6%,supported byhighersalesvolumesandimprovedperunitrealisationsconsequenttoincreaseinfeedstockprices,beingpetrochemical products. • rPET continued its growth trajectory, with volumes increasing 37.4% Y-o-Y and revenue growing 51.0% to ₹18.4 crore in Q2FY27. H1 revenue increased approximately 36.7% to₹35.8 crore. • The margin expansion was primarily driven by improved capacity utilisation, higher proportion of Value Added & Specialty Films, favourable product mix and improvedcapacity utilisation. Standalone P&L Statement: Q2 & H1 FY27 Particulars (₹ Cr) Q2 FY27 Q2 FY26 Y-o-Y (%) H1 FY27 H1 FY26 Y-o-Y (%) Total Income 365.8 263.3 38.9% 713.5 548.3 30.1% EBITDA* 28.6 14.0 103.8% 68.6 46.0 49.2% EBITDA Margin (%) 7.8% 5.3% 250 bps 9.6% 8.4% 120 bps Profit After Tax 6.1 (4.8) 20.6 4.8 326.9% PAT Margin (%) 1.7% (1.8)% 2.9% 0.9% 200 bps EPS (Rs.) 0.58 (0.50) 2.00 0.50 300.0% • Standalone total income grew 38.9% Y-o-Y to ₹365.8 crore in Q2FY27, compared to ₹263.3 crore in Q2FY26. For H1 FY27, total income increased 30.1% Y- o-Y to ₹713.5 crore, driven by growth in sales both in volumetric and value terms in Chips, rPET and Films • Other Non-operating Income during the Q2FY27 stood at ₹5.70 crore as compared to ₹3.30 crore during Q2FY26. Increase was primarily on account of higher interest earned on FDs created out of fresh equity raise. • Q2FY27 EBITDA more than doubled Y-o-Y to ₹28.6 crore, with EBITDA margins expanding by approximately 250 bps to 7.8%. H1 EBITDAgrew 49% Y-o-Y to ₹68.6 crore, with margins improving by 120 bps to 9.6%. • Q2FY27 PAT turned positive at ₹6.1 crore compared to a loss of ₹4.8 crore in Q2FY26. H1FY27 PAT increased more than fourfold to ₹20.6 crore from ₹4.8 crore in H1FY26. • The improvement in operating performance was driven by increase in sales of Value Added & Specialty Films by 477 MT (11.8%) and improvement in Value Addition in the Films across domestic and export markets, coupled with improved capacity utilisation . *including other non-operating income Consolidated P&L Statement: Q2 & H1 FY27 Particulars (₹ Cr) Q2 FY27 Q2 FY26 Y-o-Y (%) H1 FY27 H1 FY26 Y-o-Y (%) Total Income 449.0 357.2 25.7% 891.0 704.1 26.5% EBITDA* 45.1 17.3 160.0% 104.0 46.3 124.6% EBITDA Margin (%) 10.0% 4.9% 510 bps 11.7% 6.6% 510 bps Profit After Tax 7.8 (15.8) 26.5 (22.9) PAT Margin (%) 1.8% (4.4)% 3.0% (3.3)% EPS (Rs.) 0.75 (1.62) 2.57 (2.36) • Consolidated total income grew 25.7% Y-o-Y to ₹449 crore in Q2FY27, while H1FY27 income increased 26.5% to ₹891 crore, driven bygrowth in sales both in volumetric & value terms in rPET and Films. • Other Non-operating Income during the Q2FY27 stood at ₹5.23 crore as compared to ₹3.05 crore during Q2FY26. 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