Ester Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 26, 2023 at 04:34 am EDT
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Ester Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 2,946.64 million compared to INR 3,030.97 million a year ago. Revenue was INR 2,933.24 million compared to INR 3,051.92 million a year ago. Net loss was INR 177.51 million compared to net income of INR 329.26 million a year ago. Basic loss per share from continuing operations was INR 2.13 compared to basic earnings per share from continuing operations of INR 2.85 a year ago. Basic loss per share was INR 2.13 compared to basic earnings per share of INR 3.95 a year ago.
For the full year, sales was INR 11,141.37 million compared to INR 11,102.5 million a year ago. Revenue was INR 11,265.54 million compared to INR 11,190.54 million a year ago. Net income was INR 1,368.96 million compared to INR 1,367.14 million a year ago. Basic earnings per share from continuing operations was INR 1.4 compared to INR 10.27 a year ago. Basic earnings per share was INR 16.42 compared to INR 16.39 a year ago.
Ester Industries Limited is an India-based company, which is engaged in the business of manufacturing of polyester films and specialty polymers. The Company's segments include Polyester chips and film and Specialty Polymers. Its polyester films product line include special chemical coated films, transparent high barrier films, isotropic film, heat seal films, shrink sleeve film, gold films, embossable films, insulation film, printing, converting and metallizing films, special chemical coated films, metalized high barrier films-LIMH, metalized ultra-high barrier films, retort film, matte films, ultraviolet (UV) stabilized films, white opaque films, high clear films (HC / UL), high friction films, insulation films and twist films. It is also engaged in the business of polyester packaging films. The Company's specialty polyester business manufactures polyester chips of normal and Masterbatch grades. Its manufacturing plant is located at Khatima, in the state of Uttarakhand.
ESTER INDUSTRIES LIMITED 
