ESTER quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
Ester Industries Ltd reported sales of ₹443.76 Cr, operating profit of ₹39.83 Cr (OPM 8.98%) and net profit of ₹7.84 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
ESTER quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
345.58
319.26
338.2
354.19
338.98
343.82
432.16
443.76
YoY Sales growth
29.06
15.37
18.19
6.95
-1.91
7.69
27.78
25.29
Expenses
286.06
282.8
317.89
339.91
322.55
301.82
383.03
403.93
Operating Profit
59.52
36.46
20.31
14.28
16.43
42
49.13
39.83
OPM
17.22%
11.42%
6.01%
4.03%
4.85%
12.22%
11.37%
8.98%
Other Income
5.41
2.66
8.65
3.05
4.53
1.31
9.8
5.23
Interest
16.44
15.66
15.48
17.23
15.99
16.21
17.09
17.19
Depreciation
17.13
17.09
17.29
17.34
17.64
17.66
18.3
18
Profit before tax
31.36
6.37
-3.81
-17.24
-12.67
9.44
23.54
9.87
Tax
20.85%
69.23%
87.66%
-8.41%
-2.13%
16.53%
20.9%
20.57%
Net Profit
24.82
1.96
-7.16
-15.78
-12.41
7.87
18.62
7.84
EPS in Rs
2.64
0.21
-0.73
-1.62
-1.27
0.81
1.79
0.75
ESTER profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
1,110
1,114
1,063
1,282
1,375
1,559
Sales growth
12
0
-5
21
7
15
Expenses
939
1,022
1,086
1,135
1,282
1,411
Operating Profit
171
93
-23
147
93
147
OPM
15%
8%
-2.1%
12%
7%
9%
Other Income
60
137
26
16
17
21
Interest
25
36
70
67
65
66
Depreciation
37
44
68
69
70
72
Profit before tax
169
149
-135
28
-24
30
Tax
19%
8%
-10%
51%
13%
-
Net Profit
137
137
-121
14
-27
22
EPS in Rs
16.39
16.42
-12.88
1.46
-2.81
2.08
Dividend Payout
20%
3%
0%
0%
-9%
-
ESTER balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Equity Capital
47
47
49
49
52
Reserves
671
726
743
734
835
Borrowings
773
660
738
729
749
Other Liabilities
153
140
171
162
210
Total Liabilities
1,643
1,573
1,702
1,674
1,846
Fixed Assets
989
977
947
978
952
CWIP
83
39
85
36
39
Investments
69
75
75
78
78
Other Assets
502
482
594
581
778
Total Assets
1,643
1,573
1,702
1,674
1,846
ESTER cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
62
58
44
112
89
Cash from Investing Activity
-392
-199
42
-56
-116
Cash from Financing Activity
384
114
-14
-133
6
Net Cash Flow
54
-28
72
-77
-21
Free Cash Flow
-352
-198
-28
82
27
CFO/OP
69%
73%
-202%
78%
101%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit